Submarkets - Study guides, Class notes & Summaries

CHIA Exam Questions With 100% Correct Answers 2024/2025 What are the three different operation types? A. Corporate, Managed, Independent B. Managed, Franchise, Independent C. Managed, Clustered, Independent D. Chain Management, Franchise, Independent - answerD. Chain Management, Franchise, Independent Markets and Submarkets are created based on what two determining factors? A. Geographic size and population B. Geographic size and participation C. Number of hotels and participation D....

Champion Real Estate Property Management Exam with 100% Correct Answers | Verified & Updated 2024 4 Phases of a Business cycle - Answer ️️ -1. Prosperity 2. Recession 3. Contraction 4. Recovery When is Equilibrium reached? - Answer ️️ -when demand equals supply General Business Economy and Real Estate Economy are _______? - Answer ️️ -Cyclical Does the Real Estate Cycle or General economic cycle move faster? - Answer ️️ -Real Estate Cycle moves slower A thorough Propert...

How many hotels in the world are in the STR Census database? - Answer- 172,000+ How many US hotels are in the Census database? - Answer- 52,000 How many US hotels are in the Hotel database? - Answer- 30,000 hotels What hotels are in the hotel database? - Answer- 95% of chain hotels + 2,000 independents What is the difference between Census and Hotel databases? - Answer- The Census database contains basic information about each hotel, whereas the hotel database consists only of proper...

CHIA Exam Questions With 100% Correct Answers 2024/2025 What are the three different operation types? A. Corporate, Managed, Independent B. Managed, Franchise, Independent C. Managed, Clustered, Independent D. Chain Management, Franchise, Independent - answerD. Chain Management, Franchise, Independent Markets and Submarkets are created based on what two determining factors? A. Geographic size and population B. Geographic size and participation C. Number of hotels and participation D....

Which is a true statement regarding geographic categorization? -STR uses the UNWTO definitions when it comes to recognizing countries -General managers of hotels do not need to know geographic categories -The hotel industry uses seven continents to categorize hotels -STR geographic categories are limited to North America STR uses the UNWTO definitions when it comes to recognizing countries In descending order of geographic size, which option below is correct? -Continent, Sub-contine...

1) Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - Accor Hotels 2) Which is a true statement about Parent Companies? - Parent Companies and the related chains have changed over time 3) What are the three different operation types? - Chain Management, Franchise, Independent 4) Which is a true statement about independent hotels? - Independent hotels are not affiliated with a specific chain 5) Which is a true stateme...

CHIA Exam Study Guide with Latest Solutions demand/supply (rooms sold/rooms available) * 100 (displayed as a percentage) Occupancy formula revenue/demand (displayed as a percentage) Average Daily Rate (ADR) formula revenue/supply (displayed as a currency value). Revenue Per Available Room (RevPAR) formula ((This Year - Last Year) / (Last Year)) * 100 Percentage Change formula (Subject Value (Occupancy)/Comp Set Value) * 100 Index formula (Index current year- Index last year)/Index la...

CHIA Exam Questions With 100% Correct Answers 2024/2025 What are the three different operation types? A. Corporate, Managed, Independent B. Managed, Franchise, Independent C. Managed, Clustered, Independent D. Chain Management, Franchise, Independent - answerD. Chain Management, Franchise, Independent Markets and Submarkets are created based on what two determining factors? A. Geographic size and population B. Geographic size and participation C. Number of hotels and participation D....

CHIA Exam Study Guide with Latest Solutions demand/supply (rooms sold/rooms available) * 100 (displayed as a percentage) Occupancy formula revenue/demand (displayed as a percentage) Average Daily Rate (ADR) formula revenue/supply (displayed as a currency value). Revenue Per Available Room (RevPAR) formula ((This Year - Last Year) / (Last Year)) * 100 Percentage Change formula (Subject Value (Occupancy)/Comp Set Value) * 100 Index formula (Index current year- Index last year)/Index la...

CLEP (Principles of Marketing) PRACTICE QUESTIONS AND COMPLETE CORRECT ANSWERS 2023/2024 Marketing - correct answer Process of planning and executing the development, pricing, promotion, and distribution of goods and services to achieve organizational goals Market - correct answer Made up of all the people or organizations who want or need a product and have the willingness and ability to buy Marketing Concept - correct answer Customer-oriented business philosophy that stresses...