HOSPITALITY REVENUE MANAGEMENT ACTUAL EXAM |
QUESTIONS AND ANSWERS | VERIFIED AND WELL DETAILED
ANSWERS| LATEST EXAM UPDATE
Most of the entities below are classified as "Chains". Which one is a "Parent
Company" consisting of multiple chains? - CORRECT ANSWER - Accor Hotels
Which is a true statement about Parent Companies? - CORRECT ANSWER -
Parent Companies and the related chains have changed over time
What are the three different operation types? - CORRECT ANSWER - Chain
Management, Franchise, Independent
Which is a true statement about Management Companies? - CORRECT
ANSWER - Management companies have contracts where they receive payment
for their services and/or some portion of profits
Which is a true statement regarding geographic categorization? - CORRECT
ANSWER - STR uses the UNWTO definitions when it comes to recognizing
countries
Which two geographic categories are the most important for a hotel GM? -
CORRECT ANSWER - Market and Submarket
Markets and Submarkets are created based on what two determining factors? -
CORRECT ANSWER - Number of hotels and participation
,Which is a true statement regarding Submarkets - CORRECT ANSWER - A
submarket may represent a small city in a rural market
How many Scale categories are there compared to Class categories? - CORRECT
ANSWER - 7 Scale categories and 6 Class categories
Which one of the following is an accurate statement regarding Scale and Class
groups and a single chain? - CORRECT ANSWER - A Ritz Carlton hotel will
always be in the same Scale and Class groups in every country throughout the
world
The four key considerations when creating a Competitive Set are? - CORRECT
ANSWER - Participation, Proximity, Pricing and Product
The definitions for Supply, Demand and Revenue used by STR and others in the
lodging industry are taken from what source? - CORRECT ANSWER - Uniform
System of Accounts for the Lodging Industry
Which is true regarding the type of performance data (Supply, Demand, Revenue)
that STR receives? - CORRECT ANSWER - Daily and monthly only
You receive your monthly STAR and find that it includes weekday and weekend
performance, what days are included in "weekday" in most parts of the world? -
CORRECT ANSWER - Sunday thru Thursday
In which of the following situations will occupancy increase? - CORRECT
ANSWER - Supply decreases 10% and demand decreases 5%
,Which statement is true regarding RevPAR? - CORRECT ANSWER - It can be
thought of as a combination of Occupancy and ADR
Use the spreadsheet below to answer Question 17. The March YTD Occupancy
(E5) is _______. - CORRECT ANSWER - 63.2%
Use the spreadsheet below to answer Question 18. The Average Daily Rate percent
change for April (G5) is ______. - CORRECT ANSWER - 1.5%
Which one of the following statements is accurate regarding "Sufficiency" as it
related to competitive set data? - CORRECT ANSWER - The sufficiency rules
are in place to protect the confidentiality of the data
Key Performance Indicators (KPI) for the Competitive Set (for example the
average Occupancy) are: - CORRECT ANSWER - Always based upon the
aggregated raw data of each member of the competitive set
When you receive your STAR report, your ADR for the month was $100 and the
competitive set ADR was $90. What can you tell? - CORRECT ANSWER - Your
ADR was $10 higher than the average of all of the members of the competitive set
Use the spreadsheet below to answer the following two Questions, 22 and 23,
regarding the methodology used to calculate KPIs for a competitive set. The
competitive set Occupancy (E6) for July is _____. - CORRECT ANSWER -
72.6%
, The competitive set RevPAR (G6) for July is _____. - CORRECT ANSWER -
$119.89
When you receive your STAR report your ADR index was 110 and your
Occupancy index was 90. What do you know? - CORRECT ANSWER - The
RevPAR index will be in the neighborhood of 100
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? - CORRECT
ANSWER - Your hotel will have a positive RevPAR Index Percent Change
Use the spreadsheet below to answer Questions 26 and 27 regarding the
methodology used to calculate Index. The occupancy Index for November (H3) is
_____. - CORRECT ANSWER - 119.2
The RevPAR Index for November (J3) is ______. - CORRECT ANSWER - 117.4
Use the spreadsheet below to answer Questions 28 and 29 regarding the
methodology used to calculate Index percent change. The ADR Index percent
change for November (I4) is _____. - CORRECT ANSWER - 1.7%
The RevPAR Index percent change for November (J4) is ______. - CORRECT
ANSWER - 16%
What is the minimum number of reporting hotels for an industry segment to be
considered "sufficient"? - CORRECT ANSWER - Four
Modeled data is used in which country? - CORRECT ANSWER - United States
QUESTIONS AND ANSWERS | VERIFIED AND WELL DETAILED
ANSWERS| LATEST EXAM UPDATE
Most of the entities below are classified as "Chains". Which one is a "Parent
Company" consisting of multiple chains? - CORRECT ANSWER - Accor Hotels
Which is a true statement about Parent Companies? - CORRECT ANSWER -
Parent Companies and the related chains have changed over time
What are the three different operation types? - CORRECT ANSWER - Chain
Management, Franchise, Independent
Which is a true statement about Management Companies? - CORRECT
ANSWER - Management companies have contracts where they receive payment
for their services and/or some portion of profits
Which is a true statement regarding geographic categorization? - CORRECT
ANSWER - STR uses the UNWTO definitions when it comes to recognizing
countries
Which two geographic categories are the most important for a hotel GM? -
CORRECT ANSWER - Market and Submarket
Markets and Submarkets are created based on what two determining factors? -
CORRECT ANSWER - Number of hotels and participation
,Which is a true statement regarding Submarkets - CORRECT ANSWER - A
submarket may represent a small city in a rural market
How many Scale categories are there compared to Class categories? - CORRECT
ANSWER - 7 Scale categories and 6 Class categories
Which one of the following is an accurate statement regarding Scale and Class
groups and a single chain? - CORRECT ANSWER - A Ritz Carlton hotel will
always be in the same Scale and Class groups in every country throughout the
world
The four key considerations when creating a Competitive Set are? - CORRECT
ANSWER - Participation, Proximity, Pricing and Product
The definitions for Supply, Demand and Revenue used by STR and others in the
lodging industry are taken from what source? - CORRECT ANSWER - Uniform
System of Accounts for the Lodging Industry
Which is true regarding the type of performance data (Supply, Demand, Revenue)
that STR receives? - CORRECT ANSWER - Daily and monthly only
You receive your monthly STAR and find that it includes weekday and weekend
performance, what days are included in "weekday" in most parts of the world? -
CORRECT ANSWER - Sunday thru Thursday
In which of the following situations will occupancy increase? - CORRECT
ANSWER - Supply decreases 10% and demand decreases 5%
,Which statement is true regarding RevPAR? - CORRECT ANSWER - It can be
thought of as a combination of Occupancy and ADR
Use the spreadsheet below to answer Question 17. The March YTD Occupancy
(E5) is _______. - CORRECT ANSWER - 63.2%
Use the spreadsheet below to answer Question 18. The Average Daily Rate percent
change for April (G5) is ______. - CORRECT ANSWER - 1.5%
Which one of the following statements is accurate regarding "Sufficiency" as it
related to competitive set data? - CORRECT ANSWER - The sufficiency rules
are in place to protect the confidentiality of the data
Key Performance Indicators (KPI) for the Competitive Set (for example the
average Occupancy) are: - CORRECT ANSWER - Always based upon the
aggregated raw data of each member of the competitive set
When you receive your STAR report, your ADR for the month was $100 and the
competitive set ADR was $90. What can you tell? - CORRECT ANSWER - Your
ADR was $10 higher than the average of all of the members of the competitive set
Use the spreadsheet below to answer the following two Questions, 22 and 23,
regarding the methodology used to calculate KPIs for a competitive set. The
competitive set Occupancy (E6) for July is _____. - CORRECT ANSWER -
72.6%
, The competitive set RevPAR (G6) for July is _____. - CORRECT ANSWER -
$119.89
When you receive your STAR report your ADR index was 110 and your
Occupancy index was 90. What do you know? - CORRECT ANSWER - The
RevPAR index will be in the neighborhood of 100
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? - CORRECT
ANSWER - Your hotel will have a positive RevPAR Index Percent Change
Use the spreadsheet below to answer Questions 26 and 27 regarding the
methodology used to calculate Index. The occupancy Index for November (H3) is
_____. - CORRECT ANSWER - 119.2
The RevPAR Index for November (J3) is ______. - CORRECT ANSWER - 117.4
Use the spreadsheet below to answer Questions 28 and 29 regarding the
methodology used to calculate Index percent change. The ADR Index percent
change for November (I4) is _____. - CORRECT ANSWER - 1.7%
The RevPAR Index percent change for November (J4) is ______. - CORRECT
ANSWER - 16%
What is the minimum number of reporting hotels for an industry segment to be
considered "sufficient"? - CORRECT ANSWER - Four
Modeled data is used in which country? - CORRECT ANSWER - United States
