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CHIA Practice Exam with Questions and Answers| Passed with Grade A
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CHIA Practice Exam with Questions and Answers| Passed with Grade A
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CHIA Practice Exam withQuestions and Answers| Passed
with Grade A
comp sets are used for many purposes in hotel operations, which is one of those purposes -
Answer used to aid sales and marketing
used in management contracts for performance
requirements effect a GMs compensation
4 key considerations when creating a comp set - Answer participation, proximity, pricing,
and product
all of the following are good reasons for a hotel to have additional comp sets except - Answer
have one set that you can easily beat and another which is a realistic target
when can a comp set be created - Answer when the hotel is under construction
who creates a competitive set for a chain hotel - Answer it is a joint effort involving
many stakeholders
, what is the average number of hotels in a comp set - Answer between 5 and 6
which is a valid rule related to creating a comp set - Answer when percentages are calculated,
the rooms of the subject hotel, as well as the same chain and parent company, are excluded
what is a reverse comp set - Answer properties that name your hotel in their comp set
when can a comp set be changed - Answer at any time, although many wait until the
beginning of the year
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
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