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CHIA PRACTICE EXAM Graded A+
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CHIA PRACTICE EXAM Graded A+
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CHIA PRACTICE EXAM Graded A+which is NOT a valid rule related to changing a comp set - ANSWER a single hotel may be
added to a comp set at any time
the definitions for supply, demand and revenue used by STR and others in the lodging
industry are taken from what source - ANSWER uniform system of accounts for the
lodging industry
which statement is true regarding raw data that is submitted to STR - ANSWER the
majority of data is exported from the hotel company systems
which is true regarding the type of performance data (supply, demand, revenue) that
STR receives - ANSWER daily and monthly only
you receive your monthly star and find that it includes weekday data and weekend
performance, what days are included in weekday - ANSWER sunday through thursday
,in which of the following situations will occupancy increase - ANSWER supply
decreases 5% and demand increases 10%
which statement is true regarding RevPAR - ANSWER it can be thought of as a
combination of occupancy and ADR
which one of the following statements is accurate regarding sufficiency as it
, related to comp set data - ANSWER the sufficiency rules are in place to protect
the confidentiality of the data
key performance indicators (KPI) for the comp set (for example the average
occupancy) are - ANSWER always based upon the aggregated raw data of each
member of the comp set
when you receive your star report, your ADR for the month was $100 and the comp set
ADR was $90. what can you tell? - ANSWER your ADR was $10 higher than the average
of all of the members of the competitive set
what happens when there is a non-reporting hotel in a comp set - ANSWER the comp
set average is calculated based on the reporting hotels
when you receive your star report your ADR index was 110 and your
occupancy index was 90. what do you know - ANSWER the RevPAR index will
be in the neighborhood of 100
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