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CHIA Certification Exam 1 Questions and Answers 2024
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CHIA Certification Exam 1
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CHIA Certification Exam 1What was the first chain - answer Holiday Inn
What type of company has a contract where it receives payment and/or some portion of
profits? - answer Management Company
What are the 2 top markets in the U.S.? - answer Orlando, FL
Chicago, IL
What are the top 2 U.S. Metro Markets by number of properties? - answer Chicago, IL
Orlando, FL
What is the top U.S. Metro Market by occupancy? - answer Fort Lauderdale, FL
What is the top U.S. Metro Market by average daily rate? - answer Chicago, IL
What market is reviewed annually? - answer Worldwide Markets
Why are worldwide markets reviewed annually? - answer to determine if new markets
may be created based on growth in available supply and sample
How many scale categories are there? - answer7 scale categories
How are the scale categories broken up? - answer6 for chain hotels ranging from
Luxury to Economy, and 1 scale category for all Independent Hotels
When a chain is categorized in a specific scale group, what does it mean? - answer
means every hotel in that chain is in that Scale group everywhere in the world, in every
country and market
How are chains positioned in Scale groups? - answer based on average daily rate
(ADR)
How many Class categories are there and what category do they not have? - answer6
Class categories;
No Independent Class group
Other than the Scale and Class categories, what non-geographic categories does STR
track? - answer Location;
Extended Stay
What are 2 foundations of the STAR Program? - answer aggregating;
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