Calculate revpar Study guides, Class notes & Summaries
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Hospitality Revenue Management Final Exam Review 2024 Questions & Answers | 100% Correct | Verified
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Hospitality Revenue Management Final 
Exam Review 2024 Questions & Answers 
 
| 100% Correct | Verified 
 
What is the industry term used to describe the sum of prices paid by a business's customers? - total 
revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - 
costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - profit=sales-costs 
 
What is the name for the net value achieved by both parties in a busi...
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Revenue Management Final Exam | Latest 2023 with complete solution
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What is the industry term used to describe the sum of prices paid by a business's customers? - ANSWER - Total Revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - ANSWER - Costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - ANSWER - Profit = Sales - Costs 
 
What is the name for the net value achieved by both parties in a business transaction? - ANSWER - Profit 
 
What element is not present in a ba...
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CHIA Exam Questions with 100% correct Answers Verified & Updated
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CHIA Exam Questions with 100% correct 
Answers Verified & Updated 
Which of the following are not parent companies 
Holiday 
starwood 
choice 
wyndham - Answer ️️ -Holiday 
of what - Answer ️️ -70% chain, 30% Independent 
What are the US geographic categories used by hotel industry in descending order by size? - 
Answer ️️ -Country, region, state, market, tract 
What is the valid difference b/w scale and class? - Answer ️️ -There is separate scale group for 
independent hotels co...
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CHIA Exam Questions With 100% Correct Answers
- Exam (elaborations) • 6 pages • 2024
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CHIA Exam Questions With 100% Correct 
Answers 
Which of the following are not parent companies 
Holiday 
starwood 
choice 
wyndham - answerHoliday 
of what - answer70% chain, 30% Independent 
What are the US geographic categories used by hotel industry in descending order by size? - 
answerCountry, region, state, market, tract 
What is the valid difference b/w scale and class? - answerThere is separate scale group for 
independent hotels compared to class where independent are combined in group...
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CHIA Sample Questions and Answers (Graded A)
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CHIA Sample Questions and Answers (Graded A) 
Most of the entities below are classified as "Parent Companies". Which one is a "chain" within a 
larger parent company? - Answer ️️ -Ritz Carlton 
When talking about US industry data, which is an accurate explanation of "modeled data"? - 
Answer ️️ -Modeled data is derived by using actual data from reporting hotels to estimate 
performance for non-reporting hotels 
What is the period of time a hotel must close completely due to renovat...
Too much month left at the end of the money?
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CHIA Exam Questions With 100% Correct Answers 2024
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CHIA Exam Questions With 100% Correct 
Answers 2024 
Calculate % Change - answerThis year - last year / last year *100 
Which one of the following is a chain? 
a.Hampton Inn 
b.Radisson Blu 
c.Accor Hotels 
d.Holiday Inn Express - answerc. Accor Hotels 
What statement is true 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.Par...
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HM 441 Exam #1|65 Questions with Answer 2023,100% CORRECT
- Exam (elaborations) • 11 pages • 2023
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HM 441 Exam #1|65 Questions with Answer 2023 
 
 
Product, Customer, Time, Price - CORRECT ANSWER Revenue management is selling the right _______ to the right _________ at the right ________ for the right ________ 
 
Revenue/Yield Management - CORRECT ANSWER Maximize revenue by optimizing capacity, rates and prices and distribution under current and future demand/supply MARKET condition 
 
Demand Forecasting - CORRECT ANSWER The most important revenue management feature is 
 
They have informati...
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CHIA Exam Questions With 100% Correct Answers 2024
- Exam (elaborations) • 17 pages • 2024
- Available in package deal
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CHIA Exam Questions With 100% Correct 
Answers 2024 
Calculate % Change - answerThis year - last year / last year *100 
Which one of the following is a chain? 
a.Hampton Inn 
b.Radisson Blu 
c.Accor Hotels 
d.Holiday Inn Express - answerc. Accor Hotels 
What statement is true 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.Par...
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CMP EXAM WITH 100% CORRECT ANSWERS 2023
- Exam (elaborations) • 4 pages • 2023
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CMP EXAM WITH 100% CORRECT ANSWERS 2023 
How to calculate net square footage to account for aisles - Correct answer-multiply by 2 
 
Calculate REVPAR - Correct answer-Hotel Net Revenue / # of Available Rooms
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Revenue Management Final Exam Question & Answers 2024.
- Exam (elaborations) • 32 pages • 2024
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Revenue Management Final Exam Question & Answers 2024. 
what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -...
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