CHIA Exam 1 | 100% Correct Answers |
Verified | Latest 2024 Version
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 statement about Management Companies? - ✔✔Management companies have
contracts where they receive payment for their services and/or some portion of profits
6) Which is a true statement regarding geographic categorization? - ✔✔STR uses the UNWTO definitions
when it comes to recognizing countries
7) Which is a true statement regarding markets? - ✔✔No market will ever cross country boundaries
8) In descending order of geographic size, which option below is correct? - ✔✔Continent, Sub-Continent,
Country, Market, Submarket
9) Which two geographic categories are the most important for a hotel GM? - ✔✔Market and Submarket
10) Markets and Submarkets are created based on what two determining factors? - ✔✔Number of
hotels and participation
Verified | Latest 2024 Version
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 statement about Management Companies? - ✔✔Management companies have
contracts where they receive payment for their services and/or some portion of profits
6) Which is a true statement regarding geographic categorization? - ✔✔STR uses the UNWTO definitions
when it comes to recognizing countries
7) Which is a true statement regarding markets? - ✔✔No market will ever cross country boundaries
8) In descending order of geographic size, which option below is correct? - ✔✔Continent, Sub-Continent,
Country, Market, Submarket
9) Which two geographic categories are the most important for a hotel GM? - ✔✔Market and Submarket
10) Markets and Submarkets are created based on what two determining factors? - ✔✔Number of
hotels and participation
