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CHIA A Grade Exam with Questions and Answers
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CHIA A Grade Exam with Questions and Answers
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CHIA A Grade Exam withQuestions and Answers
What happens when a chain is categorized in a specific scale group correct
answerEvery hotel in that chain is in that same scale group every where in
the world, country, and market.
STR location categories correct answer1) Urban - in large metro cities
2) Suburban - in the suburbs of the cities above
3) Airport - close to a major airport
,4) Interstate - close to a major highway
5) Resort - primarily leisure destination hotels
6) Small Metro/Town - in smaller metro areas
Non-geographic categories correct answerNon-geographic Categories→
1) Scale
2) Class
3) Location
4) Extended Stay
5) Boutique
6) Destination Resort
7) Additional Hotel Types
8) Hotel Ratings
COMP SETS ARE USED FOR MANY PURPOSES IN HOTEL
OPERATIONS correct answer
, What are the 4P'S considerations when creating a comp set? correct
answerProximity, Pricing, Product, and Participation
Who can create a competitive set correct answerJoint effort by many stakeholders
Average number of hotels in a comp set correct answer5 and 6
Reverse Comp Set correct answerProperties that name you in their competitive set
A single hotel may be added to a competitive set if it has been open less than
six month. correct answerTrue
How Does STR Obtain Raw Data? correct answerMost raw property sales data is
directly exported from the systems of hotel companies.
Companies send STR a raw data file each month, week, and/or day.
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