CHIA Practice Exam Questions and Correct Solutions Guaranteed Success
- key considerations when creating a comp set - Correct Answer participation,
proximity, pricing, and product
a HOST or profitability report display data for how many years - Correct Answer two
a HOST or profitability report displays what type of information - Correct Answer profit and loss information including revenue, expenses, and profit accounts
all of the following are good reasons for a hotel to have additional comp sets except - Correct Answer have one set that you can easily beat and another which is a realistic target
benchmarking in the hotel industry takes place at what level? - Correct Answer property level corporate level geographic level
Changes to how markets and tracts are geographically defined are made how often - Correct Answer annually
comp sets are used for many purposes in hotel operations, which is one of those purposes - Correct Answer used to aid sales and marketing used in management contracts for performance requirements effect a GMs compensation
hotels and hotel companies outside the US may receive star reports in what currency - Correct Answer Local currency, US dollars, or a third currency (the company gets to decide)
how are exchange rates handled when it comes to multiple time periods e.g. YTD, running 3 month or running 12 month - Correct Answer raw data is aggregated using the exchange rate for each individual month, then the KPI's are calculated for the time period
How many scale categories are there compared to class categories - Correct Answer 7 scale and 6 class
in descending order of geographic size, which is correct? - Correct Answer Continent, sub-continent, country, market, tract/sub-market
in which of the following situations will occupancy increase - Correct Answer supply decreases 5% and demand increases 10%
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key performance indicators (KPI) for the comp set (for example the average occupancy) are - Correct Answer always based upon the aggregated raw data of each member of the comp set
markets and tracts are created based on what two determining factors - Correct Answer number of hotels and participation
modeled data is used in which country - Correct Answer united states
several tabs in the trend report display columns with census props and rooms and star participation. which is accurate about this data - Correct Answer these columns show the total number of hotels and rooms for the selected group of hotels, as well as the percent of those rooms that submit performance data to STR
the comp set report in a monthly star report shows what information - Correct Answer 18 months of monthly data and 3 years of YTD, running 3 month and running 12 month data
the daily data for the month tab on the weekly star report displays what information - Correct Answer provides running MTD total based upon daily data shows KPIs for the subject property and the competitive set for each dat of the prior month displays graphs of index values for every dat of the month
the definitions for supply, demand and revenue used by STR and others in the lodging industry are taken from what source - Correct Answer uniform system of accounts for the lodging industry
the HOST report displays data based upon what time period - Correct Answer annual
the line graph at the top of the comp set report in a monthly star report shows what - Correct Answer index values for occupancy, ADR, and RevPAR
the number of rooms available in a total market can change over time due to what four factors - Correct Answer new hotel openings hotel closings hotel room additions hotel room drops
the perspective tabs of the weekly star report show what information - Correct Answer a recap of daily data performance for the last 28 days
the weekly performance at a glance tab on the weekly star report displays what information - Correct Answer detail daily data for every day of the prior week a weekly total running 28 day data
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