100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CHIA CERTIFICATION EXAM 2024 WITH 100% CORRECT ANSWERS $13.49   Add to cart

Exam (elaborations)

CHIA CERTIFICATION EXAM 2024 WITH 100% CORRECT ANSWERS

 2 views  0 purchase
  • Course
  • Institution

Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? a. Hampton Inn b. Motel 6 c. Choice d. Holiday Inn Express - correct answer Choice Which is a true statement about Parent Companies? a. Parent Companies and the related c...

[Show more]

Preview 3 out of 19  pages

  • February 24, 2024
  • 19
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
CHIA CERTIFICATION EXAM 2024 WITH
100% CORRECT ANSWERS

Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting

of multiple chains?



a. Hampton Inn

b. Motel 6

c. Choice

d. Holiday Inn Express - correct answer ✔✔Choice



Which is a true statement about Parent Companies?

a. Parent Companies and the related chains have changed over time

b. Parent Companies must consist of no more than five chains

c. Parent Companies can only consist of chains in a single Scale

d. Parent Companies can only have hotels in a single country - correct answer ✔✔A



What are the three different operation types?

a. Corporate, Managed, Independent

b. Managed, Franchise, Independent

c. Managed, Clustered, Independent

d. Corporate, Franchise, Independent - correct answer ✔✔D



Which is a true statement about independent hotels?

a. Independent hotels are not affiliated with a specific chain

b. Chain hotels outnumber independent hotels in every country of the world

c. Independent hotels are mostly Luxury Class hotels in Urban Locations with more than

,150 rooms

d. Independent hotels may never be managed by an outside entity - correct answer ✔✔A



Which is a true statement about Management Companies?

a. Management companies have contracts where they receive payment for their services

and/or some portion of profits

b. Management companies may manage only one chain

c. Management companies will always own the hotels they manage

d. Management companies serve the exact same role as asset management companies - correct answer
✔✔A



) Which is a true statement regarding geographic categorization?



a. STR geographic categories are limited to North America

b. STR uses the UNWTO definitions when it comes to recognizing countries

c. General managers of hotels do not need to know geographic categories

d. The hotel industry uses seven continents to categorize hotels - correct answer ✔✔B



Which is a true statement regarding markets?



a. Markets include hotels that are in big cities, not rural areas

b. A country would never have more than 100 markets and never have less than 2 markets

c. No market will ever cross country boundaries

d. There is another name for Markets outside the U.S. - correct answer ✔✔C



In descending order of geographic size, which option below is correct?

a. Continent, Sub-Continent, Country, Tract/Sub-Market, Market

b. Continent, Country, Sub-Continent, Tract/Sub-Market, Market

c. Continent, Sub-Continent, Market, Country, Tract/Sub-Market

, d. Continent, Sub-Continent, Country, Market, Tract/Sub-Market - correct answer ✔✔D



Which two geographic categories are the most important for a hotel GM?

a. Region and Market

b. Market and Tract/Sub-Market

c. Region and Tract/Sub-Market

d. Country and Tract/Sub-Market - correct answer ✔✔B



Markets and tracts are created based on what two determining factors?

a. Geographic size and population

b. Geographic size and participation

c. Number of hotels and participation

d. Number of hotels and population - correct answer ✔✔C



Which is a true statement regarding Tracts

a. Tracts are referred to as Sub-Markets outside of North America

b. Tracts are never used to represent a city in rural markets

c. Tracts are geographic sub-divisions of a Region

d. A country will never have more than 100 Tracts - correct answer ✔✔A



Changes to how Markets and Tracts are geographically defined are made how often?

a. Monthly

b. Annually

c. Every five years

d. No regular schedule - correct answer ✔✔B



Which two non-geographic categories are the most important for a hotel GM?

a. Scale and Class

b. Scale and Location

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller JUICYGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76658 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart