100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
STR CERTIFICATION EXAM | COMPREHENSIVE TEST BANK WITH OVER 500+ ACTUAL QUESTIONS WITH CORRECT VERIFIED ANSWERS | GUARANTEED A+ GRADE SUCCESS | LATEST UPDATED VERSION $27.99
Add to cart
STR CERTIFICATION EXAM | COMPREHENSIVE TEST BANK WITH OVER 500+ ACTUAL QUESTIONS WITH CORRECT VERIFIED ANSWERS | GUARANTEED A+ GRADE SUCCESS | LATEST UPDATED VERSION
8 views 0 purchase
Course
STR CERTIFICATION
Institution
STR CERTIFICATION
STR CERTIFICATION EXAM | COMPREHENSIVE TEST BANK WITH OVER 500+ ACTUAL QUESTIONS WITH CORRECT VERIFIED ANSWERS | GUARANTEED A+ GRADE SUCCESS | LATEST UPDATED VERSION
STR CERTIFICATION EXAM | COMPREHENSIVE TEST
BANK WITH OVER 500+ ACTUAL QUESTIONS WITH
CORRECT VERIFIED ANSWERS | GUARANTEED A+
GRADE SUCCESS | 2024-2025 LATEST UPDATED
VERSION
Which one is a parent company?
a. Hampton Inn
b. Motel 6
c. Choice
d. Holiday Inn Express
c. Choice
Which is a true statement about parent companies?
a. Management companies have contracts where they receive payment for their
services and/or some portion of profits
b. Management companies many only manage one chain
c. Management companies will always own the hotels they manage
d. Management companies serve the exact same role as asset management
companies
A. Management companies have contracts where they receive payment for their
services and/or some portion of profits
,Which one of the following is an accurate statement regarding Scale and Class
groups and a single chain?
a. A Ritz Carlson hotel in the US can be in one Scale group and a Ritz Carlton hotel
in Japan can be in a different Scale Group
b. A Ritz Carlson hotel in the US can be in one Class group and a Ritz Carlton hotel
in Japan can be in a different Class group
c. A Ritz Carlson hotel will always be in the same Scale and Class groups in every
country throughout the world
d. A Ritz Carlson may choose which Scale and which Class they are in
c. A Ritz Carlson hotel will always be in the same Scale and Class in every country
throughout the world
Which one of the following is an accurate statement regarding class groups?
a. The names of the class group are very different than the names of the scale
groups
b. Class groups are more popular and relevant in North America rather than
outside North America
c. Independent hotels are slotted into class groups based upon the ADR of the
independent hotel compared to the chain hotels in the same market
d. Once an independent hotel is slotted into a class group, it will never change
c. Independent hotels are slotted into class groups based upon the ADR of the
independent hotel compared to the chain hotels in the same market
,Which is not a valid non-geographic category?
a. Extended stay
b. Boutique
c. Guest Satisfaction Rating
d. Destination Resort
C. Guest Satisfaction Rating
All of the following are good reasons for a hotel to have an additional comp set,
expect which one?
a. Have a local comp set based upon geography and another based upon a special
feature or niche
b. Have different sets for weekday/weekend or group/transient business
c. Have one set that you can easily beat and another which is a realistic target
d. different entities may not agree, for example, chain versus management
company
c. Have one set that you can easily beat and another which is a realistic target
Which is NOT a valid rule related to changing a comp set?
a. If adding 2 hotels to a comp set, both must be in different chains
b. A single hotel may be added to a comp set if it has been open less than six
months
c. A single hotel may be added to a comp set at any time
d. Any change must involve two or more hotels
, c. A single hotel may be added to a comp set at any time
Which statement is true regarding RevPar?
a. it is almost always higher than ADR
b. It can be thought of as a combination of supply and demand
c. When a hotel or GM is evaluated, the RevPAR metric is rarely considered
d. It can be thought of as a combination of Occupancy and ADR
d. It can be thought of as a combination of Occupancy and ADR
Which one of the following statements is true regarding "sufficiency" as it is
related to comp set data?a. If a comp set is not sufficient for 3 consecutive
months, you will no longer receive a STAR report
b. If a comp set number for just a single month is not sufficient, it will still be
displayed on the STAR report
c. Percent change number for a single month will appear on the STAR report if
either the "This Year" or "Last Year" data is sufficient
d. The sufficiency rules are in place to protect the confidentiality of the data
d. The sufficiency rules are in place to protect the confidentiality of data
KPIs for the comp set are:
a. Always based upon the aggregated raw data of each member of the comp set
b. Always based upon a straight average of the metrics, for example the
occupancies, of each member of the comp set
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 IsaacRobie. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $27.99. You're not tied to anything after your purchase.
