1. B
RevPAR stands for Revenue per Available Room, combining rate and occupancy.
2. B
The STR report helps compare a hotel’s performance against its competitive set.
3. A
Occupancy = Total Rooms Sold / Total Rooms Available.
4. B
ADR shows how well a hotel sells its rooms at average rates.
5. B
An MPI over 100 means the hotel outperforms the market in occupancy.
6. B
Demand represents the total number of rooms sold within a given time frame.
7. B
Competitive sets are selected by hotels for performance comparison.
8. A
Indexes compare hotel performance ratios to market averages.
9. B
RGI measures a hotel’s fair share of total market revenue.
10. B
RGI = Hotel RevPAR / Market RevPAR.
11. A
A falling RGI despite higher ADR Index means occupancy dropped relative to competitors.
12. B
Fair Share represents the market demand proportion a hotel should capture.
13. A
Higher occupancy with lower rates can signal poor revenue management.
14. A
High RevPAR but low ADR Index shows more rooms sold at cheaper prices.
15. A
STR requires at least 4 hotels, including one from another company.
16. B
Segmentation Data divides performance by group, transient, and contract.
17. B
Group and transient segmentation shows performance by room type and booking source.
18. C
150 ÷ 200 = 0.75 or 75%.
19. A
RevPAR = ADR × Occupancy → $150 × 0.8 = $120.
20. B
Comp Sets allow external benchmarking against similar competitors.
21. B
An RGI of 0.95 means the hotel earns 5% less than the market average.
22. A
Running 3-month data averages the past three months’ performance.
23. B
High MPI but low ARI indicates more rooms sold at lower rates.
24. B
ADR Index = Hotel ADR ÷ Market ADR.
25. A
STR confidentiality prevents viewing competitors’ individual data.
26. A
Percent change helps compare current performance to the same period in the prior year.
27. B
ADR = Total Room Revenue ÷ Total Rooms Sold.
28. B
Occupancy, ADR, and RevPAR are key benchmarking metrics.
29. C
High ADR with low occupancy often needs strategic rate adjustments.
30. B
CHIA aims to strengthen skills in hotel performance analysis.
31. B
Percent change shows performance difference vs. the same period last year.
32. A
Segmentation Analysis identifies revenue contribution from different guest types.
33. C
An RGI of 100 indicates performance matches the market average.
34. A
An Occupancy Index of 110 means the hotel sold 10% more rooms than market average.
35. B
STR reports are typically weekly and monthly.
36. B
Stable ADR with declining RevPAR typically signals reduced occupancy.
37. B
Competitive sets allow benchmarking against similar hotels to understand market positioning.
38. A
Rolling 12-month data shows seasonality and long-term performance.
39. B
Trend reports show long-term performance for historical analysis.
40. A
An RGI over 100 shows RevPAR growth exceeding the market.
Facts verified Oct 25, 2026 against CoStar Group (STR) – CoStar eLearning. Dates that have passed are removed automatically.
Facts verified Oct 25, 2026 against CoStar Group (STR) – CoStar eLearning. Dates that have passed are removed automatically.
| Item | Detail | Official source |
|---|---|---|
| Number of questions (CHIA Recertification) | 30 multiple-choice questions | CoStar Group (STR) – CoStar eLearning |
| Passing score (CHIA Recertification) | 70% or better | CoStar Group (STR) – CoStar eLearning |
| Retake policy | One free retake; forfeited if exam attempted early | CoStar Group (STR) – CoStar eLearning |
| Validity | 4 years | CoStar Group (STR) – CoStar eLearning |
| Delivery | Online exam after online training | CoStar Group (STR) – CoStar eLearning |
| Eligibility (Student) | Student pricing requires verified current enrollment | CoStar Group (STR) – CoStar eLearning |
| Testing window | 6 months of access from purchase | CoStar Group (STR) – CoStar eLearning |
Facts verified Oct 25, 2026 against CoStar Group (STR) – CoStar eLearning. Dates that have passed are removed automatically.
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