month is "3 of 7". What do you know?
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Your hotel has the 3rd highest ADR among the members of your
competitive set
What happens when there is a non-reporting hotel in a competitive set?
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The comp set average is calculated based upon the reporting hotels
,Who creates a competitive set for a chain hotel?
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It is a joint effort involving many stakeholders
Which statement is true regarding the industry data that a hotel may see on a STAR
report?
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North America hotels will see industry data for Market, Market Class,
Submarket and Submarket Scale
The "Weekly Performance At A Glance" tab on the Weekly STAR report displays what
information?
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Monthly performance numbers for the last 3 months
When can a comp set be changed?
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, At any time, although many wait until the beginning of the year
When you receive your STAR report, you see that your RevPAR index was 90 this year
compared to 80 last year. What do you know for sure?
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Your hotel will have a positive RevPAR Index Percent Change
Which is a true statement regarding geographical categorization?
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STR uses the UNWTO definitions when it comes to recognizing countries
Benchmarking in the hotel industry takes place at what level?
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All of the above levels:
Property level for an individual hotel versus their Competitive Set
Corporate level for a hotel company, for example one brand versus others
Geographic level for tourism organizations, for example city versus
comparable cities
, Which statement is true regarding RevPAR?
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It can be thought of as a combination of Occupancy and ADR
When you receive your STAR report, your ADR for the month was $100 and the
competitive set ADR was $90. What can you tell?
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Your ADR was $10 higher than the average of all of the members of the
competitive set
Which one of the following is an accurate statement regarding Class groups?
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Independent hotels are slotted into Class groups based upon the ADR of
the independent hotel compared to the chain hotels in the same market
Most of the entities below are classified as "Chains". Which one is a "Parent Company"
consisting of multiple chains?
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