CHIA PRACITES EXAM

CHIA PRACITES EXAM

1. Most of the entities below are classified as “Parent Companies”. Which one is a “Chain” that is a member of a Larger Parent Company?

A) Accor

B) Holiday Inn

C) Choice

D) Starwood

2. Which one of the following statements about management companies is accurate?

A) Parent companies will always use a management company to manage their corporate owned hotels.

B) A management company can only manage hotels for a single chain.

C) A management company and an asset management company provide the same service.

D) A management company has a contract where it receives payment and/or some portion of profits.

3. Which one of the following statements regarding the Scale and Class categories is accurate?

A) STAR Reports compare the subject hotel to the competitive set, not to Scale or Class groups.

B) The Class category is used to combine independent hotels with chain hotels at similar ADR levels.

C) There are 6 Scale groups and 7 Class groups.

D) The Class category is most popular in the US and the Scale category is most popular outside the US.

4. Which one of the following statements regarding Scale and Class groups and a single chain is accurate?

A) It is possible for the Holiday Inn Chain to switch from one Scale group to another in the middle of the year if their average ADR changes dramatically.

B) A holiday Inn hotel in the US can be one Scale group and a Holiday Inn hotel in Germany can be in a different Scale group

C) A holiday Inn hotel in the US can be one Class group and a Holiday Inn hotel in Germany can be in a different Class group

D) A Holiday Inn Hotel will always be in the same Scale and Class groups in every country throughout the world.

5. Which one of the following is a non-geographic category used by the hotel industry?

A) Extended Stay

B) Location

C) Scale

D) All of the above categories are used

6. Which one of the following is NOT a good reason for a hotel to have an additional competitive set?

A) The hotel has one set that it can easily beat and another that is a realistic target.

B) A hotel is located between two cities so they have one competitive set related to one city and another related to the second city.

C) The hotel has a local competitive set based upon geography and another based upon a special feature or niche, i.e. waterpark, boutique, or conference.

D) The hotel has different sets for weekday/Weekend or group. Transient mix

7.

8. Compare

9. Which one of the following statements regarding the importance of the RevPAR metric is NOT accurate?

A) RevPAR is important since it is a combination of Occupancy and ADR.

B) REvPAR is calculated by dividing Room Revenue by Demand.

C) If a hotel has a very high Occupancy with a low ADR or a very high ADR with a low occupancy, the RevPAR would not reflect that unusual situation.

D) A general manager of a hotel might receive a bonus related to the RevPAR metric.

10. Which one of the following is NOT an accurate statement related to Full Availability?

A) The Full Availability methodologies are in place to ensure the most accurate and consistent comparisons possible.

B) When a hotel reports a Supply number it should be the number of rooms in the hotel times the number of days in the time period, e.g..: month.

C) If a hotel converts a guest room to another function, for example a meeting room, it cannot change their number of rooms until January of the next year.

D) When competitive set numbers are calculated, the methodologies assume full availability.

11. Which one of the following is an accurate statement regarding the methodology used to calculate KPIs for multiple time periods?

A) KPIs for multiple time periods are derived by aggregating the raw data for each time period then applying the KPI formulas to the aggregated raw data.

B) Companies can decide on which methodology to use.

C) KPIs for multiple time periods are derived by calculating the KPI for each individual time period, then adding up the KPIs and dividing by the number of time periods to obtain an average KPI.

D) The methodology differs when it comes to monthly and daily data.

12. If your hotels has an Occupancy Percent Change of 10% and an ADR Percent Change of -10%, the REvPAR Percent Change will be:

A) Close to 20

B) Close to 0

C) Close to -20

D) There is no way to tell.

13. On the last week during a month, you check the MTD number for your competitive set on your weekly STAR report. Weeks later when the Monthly STAR Report arrives, you notice that the number is different than what you expected. Which one of the following is NOT a possible explanation for the change?

A) The hotel may specify one competitive set for their Weekly STAR Report and a different competitive set for their Monthly STAR Report.

B) The daily data for one or more of the hotels in the comp set may not add up to the monthly data. Sometimes the daily data for a hotel may not add up to the monthly data to things like adjustments.

C) One or more of the hotels in your competitive set may have submitted a revision to their daily data between the time of your last Weekly report and the Monthly report.

D) The subject hotel may have one or more hotels in their comp set that reports monthly data, but does not reports daily data.

14. Which one of the following is NOT an accurate statement regarding comparable time periods?

A) Weekend days in a month this year are compared to weekend days in the same month last year regardless of the dates.

B) Monthly numbers this year are compared to the same month last year.

C) The months included in the Year-to –Date data this year are compared to the same months included in the Year-to-Date period last year.

D) With daily data, the date this year is always compared to the same date last year.

Use the spreadsheet below to answer question 15-16.

  A B C D E F G
1 2013 Supply Demand Revenue Occupancy ADR RevPAR
2 Jan 6200 3875 697500      
3 Feb 5600 3360 590016      
4 Mar 6200 4030 719758      
5 April 6000 3804 698034      

 

15. The occupancy for February (E3) is _______.

A) 50%

B) 55%

C) 60%

D) 65%

16. The ADR for March (F4) is ______.

A) $173.21

B) 175.30

C) $178.60

D) $183.50

 

Use the spread sheet below to answer questions 17-18,

  A B C D E F G
1 2013 Supply Demand Revenue Occupancy ADR RevPAR
2 Jan 6200 3875 697500      
3 Feb 5600 3360 590016      
4 Mar 6200 4030 719758      
5 Mar YTD            

 

17. The March YTD Occupancy (E5) is_______.

A) 60%

B) 62.6%

C) 72.5%

D) 75%

18. The March YTD RevPAR (G5) is_______.

A) $111.52

B) $137.17

C) $148.50

D) $155.48

Use the spreadsheet below to answer question 19-20

  A B C D E F G
1 2013 Occupancy

This Year

ADR

This Year

Occupancy

Last Year

ADR

Last Year

Occupancy

% Change

ADR

% Change

2 Jan 60.5 $175.52 60.0 $172.70    
3 Feb 62.7 $170.10 61.2 $168.44    
4 Mar 63.4 $176.80 64.5 $177.30    
5 April 63.8 $180.63 62.7 $179.83    

 

19. The ADR percent change for January (G2) is _____.

A) 0.0% 0,6 5 8

B) 1.0%

C) 1.6%

D) 2.5%

20. The occupancy percent change for March (F4) _______

A) 1.7%

B) 1.1%

C) -1.1%

D) -1.7%

 

Use the table to answer the questions below.

  A   B C D E F G
1                
2                
3                
4                
5                
6                

 

21. The competitive set Occupancy for April is______

A) 54.97%

B) 63.7%

C) 61.9%

D) 72.7%

22. The competitive set RevPAR (G6) for Apr is________.

A) $100.93

B) 61.7%

C) 61.9%

D) 72.7%

 

  A   B C D E F G
1 2013   Occupancy index this year ADR index this year Occupancy index last year ADR index last year Occupancy index change % ADR index change %
2 Jan   102,4 98,4 101,7 101,3    
3 Feb   101,8 99,7 105,6 99,9    
4 Mar   103,6 97,3 103,9 96,4    
5 April   100,2 96,6 98,4 103,7    
6                

 

 

 

23. The occupancy Index % change for February (F3) is_______.

A) 3.8%

B) 3.6%

C) -3.6%

D) -3.8%

24. The ADR Index % change for April (G5) is _________?

A) -5.3%

B) -6.6%

C) -6.8%

D) -7.1%

25. Which one of the following statements regarding Index numbers and Index Percent Changes is true?

A) Index Percent Change numbers are derived using the Index number this year, the Index number last year and the standard PERCENT Change formula.

B) The STAR Reports will show index number for occupancy, ADR, and RevPAR, comparing your performance to the performance of the competitive set.

C) The Index Percent Change number are important since they show relative improvement of the subject compared to the competitive set.

D) All of the above statements are true.

26. Which of the following statement is accurate regarding sufficiency as it relates to competitive set data.

A) If you have five hotels in your compititeve set and only for reported for a month the monthly compititve set number would not be sufficient.

B) When it comes to apercent change number for a single month one of the current month number ethier the (this year) or the (last year) number must be sufficient.

C) The sufficinenty rules are implaies to protect the confidentiality of the data.

D) If the competitive set number for a single month is not sufficient it will still be displayed on the start report.

 

 

27. Suppose you are looking at the Number of Rooms Available for a market at the beginning of a time period and compare that to the Number of Rooms Available for the market at the end of a time period. Which of the following would NOT factor into the supply difference between the starting date and the ending date?

A) Hotels that closed within the market.

B) Room addition or room drops to hotels within the market.

C) Hotels that converted from one chain to another chain within the market.

D) New hotels that opened within the market.

28. Which one of the following is not an accurate statement regarding the STAR reports?

A) STAR reports display the following types of data: KPIs (Occupancy, ADR, and RevPAR), Percent Changes, Index numbers, and Profit and Loss numbers.

B) The STAR Report compares the subject hotel to the competitive set and one or more industry segments.

C) STAR reports will contain additional pages if the subject hotel has more than one competitive set, submits Segmentation (Group, Contract, Transient) data, or submits Additional Revenue data.

D) STAR Reports are generated on a monthly and weekly basis.

29. Which one of the following is an accurate statement regarding Segmentation and Additional Revenue data on the STAR Reports?

A) Group Rooms and Revenue are defined as business sold in blocks of 25 rooms or more.

B) The most common example of Contract Rooms and Revenue is airline crew business.

C) The majority of Economy and Midscale chain hotels submit Segmentation and/or Additional Revenue data.

D) Additional Revenue categories include “Telecommunications” and “Rentals” in addition to Room Revenue.

 

Use the sample “At a Glance” page from your Monthly STAR Report to answer the questions that follows.

August 2013
    Occupancy % ADR   RevPAR
    My Prop Comp set Index

(MPI)

  My

Prop

Comp

set

Index

(ARI)

  My

Prop

Comp

set

Index

(RGI)

                         
Current

Month

  73.7 66.2 111.4   100.55 124.93 80.5   74.08 82.65 89. 6
                         
Year To

Date

  78.9 79.6 99.1   140.33 176.49 79.5   110.70 140.45 78.8
                         
Running 3 Month   74.1 73.6 100.7   104.40 131.95 79.1   77.38 97.09 79.7
                         
Running 12 Month   72.3 74.1 97.5   136.30 171.34 79.6   98.51 127.04 77.5

 

30. Based on the information above, which one of the following statements regarding the performance of your hotel is accurate?

A) Your Occupancy Index has surpassed 100 during two of the four different time periods.

B) Your REvPAR index has remained in the 70s for all four of the different time periods.

C) Your ADR index has varied dramatically during the four different time periods.

D) Your Current Month ADR was almost exactly the same as the Competitive Set’s ADR.

31. Which one of the following questions can be answered by checking the Response tab of the STAR Report?

A) Hotels in your competitive set that recently completed a renovation?

B) Have new hotels opened in your market?

C) Were there hotels in your competitive set that did not submit monthly data?

D) Were there any hotels in your competitive set that had a change in ownership?

32. You take over a Manger of a hotel where your YTD occupancy index is 105 and your YTD ADR index is 105 you star to analize the performance of your hotel. What would not be part of your plan?

A) Compare the compitive set data to the industry data and check to be sure that your comietive set is an accurate comparable group.

B) Take a look at the day of week data to see if there are specific days where there are opproutintes for improvement

C) See if segmntation data is available to see how your group and transient numbers compare

D) All of the above would be important to analayze

 

Three months ago, you took over as the General Manger for a hotel whose performance has been struggling. Use the sample excerpt from the “Competitive set” Page of your Monthly STAR Report to answer questions 33-35.

 

Occupancy (%) Year To date
  Apr May Jun Jul Aug 2011 2012 2013
My property 78.9 70.2 67.4 81.1 73.7 68.7 70.9 78.9
Competitive Set 83.1 71.3 74.5 80.1 66.2 69.6 73.6 79.6
Index(MPI) 94.9 98.4 90.4 101.2 111.4 98.7 96.4 99.1
Rank 4 of 6 4 of 6 5 of 6 4 of 6 3 of 6 3 0f 6 4 of 6 5 of 6
%Chg                
My property 4.3 2.1 19.0 9.0 21.0 -1.2 3.2 11.2
Competitive Set -0.7 1.4 8.8 11.2 12.6 6.2 5.7 8.2
Index (MPI) 5.1 0.7 9.4 -2.0 7.4 -7.0 -2.3 2.8
Rank 2 of 6 4 of 6 2 0f 6 4 of 6 2 of 6 5 of 6 5 of 6 2 of 6

 

33. Based upon the graph above, which of the following statements best describes the historic performance of your hotel during the prior 18 months?

A) Your occupancy, ADR, and RevPAR have always been below the competitive set average.

B) Your occupancy has generally been above the competitive set average .However, your ADR and therefore your RevPAR is just slightly below the competitive set average.

C) Both your occupancy and your ADR have generally been below the competitive set average; however there are months where both the occupancy and the ADR have surpassed the competitive set average.

D) Although your occupancy has generally been below the competitive set average, there have been months where the occupancy surpassed the competitive set. However, your ADR and therefore your RevPAR has consistently been well below the competitive set average.

 

34. Based on the graph above, which of the following statements best describes the results from the strategy that you have implemented over the last three months?

A) Focus on Occupancy. Try to increase Occupancy significantly and that will have a positive effect on RevPAR. Keep ADR consistent, but do not let it drop .Later, you can increase ADR.

B) Lower ADR significantly and try to increase Occupancy. Then later you can increase rates.

C) Focus on ADR. Increase rate significantly and therefore increase REvPAR. Later you can increase Occupancy.

D) Focus on Occupancy and ADR simultaneously. Try to increase both significantly at the same time.

35. Based upon the table above, which one of the following statements regarding the performance of your hotel is accurate?

A) Your hotel has achieved a positive Occupancy Index Percent Change for the last three months.

B) In August, your hotel had the lowest Occupancy Index number over the last 18 months.

C) Your hotel had a higher Occupancy Percent Change number than your Competitive Set four of the last five months.

D) In August, your hotel had the 2nd highest Occupancy value and the 3rd highest Occupancy Percent Change.

 

Use the sample “Day of Week and Weekday/Weekend Report” page from your Monthly STAR Report to answer the following question.

 

  Average Daily Rate
  My property Competitive set Index (ARI)
   
Weekday/Weekend  
Weekday Current Month 99.06 -2.8 123.59 -2.0 80.2 -0.7
(Sun-Thu) Year to date 138.63 5.5 174.56 -3.1 79.4 8.9
  Running 3 Month 102.85 1.1 130.05 -2.3 79.1 3.5
  Running 12 Month 134.29 8.7 169.41 -2.9 79.3 11.9
 
Weekend

(Fri-sat)

Current Month 103.18 1.7 127.64 -1.7 80.8 3.4
  Year to Date 143.73 12.2 180.81 1.9 79.5 10.1
  Running 3 Months

 

107.16 2.2 135.78 0.5 78.9 1.7
  Running 12 Months 140.00 12.7 175.40 2.2 79.8 10.3
 
Total Current Month 100.55 -1.2 124.93 -1.9 80.5 0.7
  Year To Date 140.33 7.7 176.49 -1.6 79.5 9.5
  Running 3 Month 104.40 1.5 131.95 -1.4 79.1 2.9
  Running 12 Month 136.30 10.1 171.34 -1.3 79.6 11.5

 

 

36. Based on the information provided above, which one of the following is an accurate statement?

A) The Weekend ADR Percent Changes for your hotel are consistently higher than your competitive set.

B) For the total week, the current month and Running 3-month ADR values for both your hotel and the competitive set are greater than the YTD and Running 12-month ADRs.

C) The Weekday ADRs for both your hotel and the competitive set are consistently above the Weekend ADRs for all time periods.

D) Weekday ADRs this year for the competitive set are increasing in all four time periods compared to last year.

 

 

table

37. Based on the information provided above, which one of the following is an accurate statement regarding August Segmentation Occupancy performance

A) Your Transient Occupancy decreased significantly this year over last year.

B) Your hotel’s Transient and Contract Occupancy were lower than the competitive set average.

C) Your Group Occupancy decreased significantly this year over last year.

D) Your Contract Occupancy Percent Change was lower than the competitive sets.

38. Based on the information provided above, which one of the following is an accurate statement regarding August ADR performance?

A) The Contract ADR Percent Changes for your hotel and for the competitive set were very similar.

B) Your Contract ADR was lower than the competitive set average.

C) The Transient and Group ADR Percent Changes for your hotel and for the competitive set were all negative.

D) Your hotel’s Transient ADR is significantly higher than the competitive set average.

39. Which one of the following is an accurate statement regarding the Weekly STAR Reports?

A) If a hotel has additional competitive set or submits Segmentation (Group/Transient) data, the Weekly STAR report will not include additional pages.

B) Weekly STAR Reports include Year –to-Date data.

C) Weekly “Perspective” pages display 28 days of daily data and graph 4 weeks of weekly data.

D) There are separate Weekly Perspective pages for Occupancy, ADR, and RevPAR.

 

 

 

 

 

 

 

 

 

 

  Sunday Monday Friday Saturday Total
  %Chg %Chg %Chg %Chg %Chg
Occupancy My property 45.2% -4.2 29.9% -15.6 21.6% -7.2 24.4% -19.6 23.5 16.9
  Comp Set 42.3% 5.7 54.5% 55.3 62.8% 16.8 64.0% 25.9 49.9 33.5
  Index(MPI) 106.0 -9.4 54.8% -46.3 34.6% -20.5 37.6% -36.1 47.0 -37.9
ADR My property 67.65 -2.6 103.66% -5.6 73.36% 2.9 70.21 1.4 84.54 -0.2
  Comp set 85.86 -3.6 94.49% -20,7 86.66 -0.4 79.57 6 or8.4 64.71 -9.0
  Index (ARI) 102.1 1.1 109.9 19.1 84.4 3.3 66.2 8.3 99.9 9.7
RevPAR My property 39.61 -6.8 31.03 -21.2 16.01 -4.5 17.11 -18.4 19.58 -17.1
  Comp set 36.33 2.2 51.46 23.1 54.52 16.3 61.60 17.9 42.35 21.7
  Index(RGI) 109.0 -8.3 60.3 -36.0 29.4 -17.9 33.2 -30.8 47.0 -31.9

 

 

40. Based on the information above, which of the following most likely cause your hotel’s low RevPAR index number for the week?

A) Your ADR general is very weak.

B) The competitive set’s ADR in general is very strong.

C) Sunday performance is weak.

D) Your Occupancy in general is weak compared to the competitive set.

41. Which of the following is a rule related to requesting Trend report(s)?

A) A single hotel may account for maximum of 40 percent in the U.S. or 50 percent outside the U.S. of the participating room supply.

B) If you request multiple Trend reports, the hotels you have selected must differ by two or more participating hotels on subsequent Trend requests.

C) You must select four or more participating hotels.

D) All of the above are rules related to requesting a Trend report.

 

 

42. What is the best explanation of why Twelve Month Moving average data is useful on a Trend Reports?

A) By including Twelve Month Moving average data you have the opportunity to see additional industry segments.

B) The Twelve Month Moving Average data removes the radical peak and trough (high and low) year over year changes found in monthly data and it is great for graphing performance over time.

C) The Twelve Month Moving Average data includes other KPIs not shown with monthly performance data.

D) There isn’t a good reason to include Twelve Month Moving Average data in a Trend report.

43. Which one of the following in NOT a good reason to include daily data on a Trend reports?

A) To compare performance on holidays from one year to the next

B) To study Day of Week performance differences over a long period of time.

C) To analyze special events and their impact upon daily performance

D) To determine the identity of new hotels that opened in market place over time.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Use the sample “Classic” page from a Trend to answer questions 44-45.

Data Occupancy ADR RevPAR
  This year %Chg This Year % Chg This Year %chg
Jan 12 46.2 -8.7 88.55 -4.7 40.92 -13.0
Feb 12 51.955.0 -13.3 93.43 -4.0 48.52 -16.8
Mar 12 55.0 -14.0 92.14 -3.6 50.70 -17.1
April 12 56.4 -15.6 93.34 -6.2 52.65 -20.8
May 12 54.4 -9.3 90.85 -4.3 49.40 -13.2
Jun 12 63.0 -8.9 93.97 -3.9 59.17 -12.5
Jul 12 60.1 -9.6 85.78 -8.4 51.56 -17.2
Aug 12 52.3 -13.7 85.39 -5.9 44.66 -18.8
Sept 12 54.2 -4.8 88.28 -7.2 47.84 -11.7
Oct 12 59.5 -5.1 92.90 -7.1 55.28 -11.8
Nov 12 53.3 -5.3 90.08 -7.5 48.06 -12.4
Dec 12 47.2 -0.7 87.91 -5.0 41.50 -5.7
Sep YTD 2012

 

54.9 -10.9 90.19 -5.4 49.47 -15.8
Total 2012 54.5 -9.3 90.27 -5.7 49.17 -14.5
Jan 13 43.0 -6.9 84.36 -4.7 36.31 -11.3
Feb 13 53.0 2.0 86.72 -7.2 45.93 -5.4
Mar 13 60.5 9.9 91.61 -0.6 55.41 9.3
Apr 13 58.7 4.1 90.72 -2.8 53.29 1.2
May 13 67.8 24.6 82.90 -8.7 56.17 13.7
Jun 13 68.8 9.3 88.88 -5.4 61.15 3.3
Jul 13 67.8 12.8 83.04 -3.2 56.33 9.2
Aug 13 57.3 9.6 80.39 -5.8 46.10 3.2
Sept 13 60.0 10.7 85.10 -3.6 51.04 6.7
Sep YTD 2013 59.5 8.5 86.05 -4.6 51.19 3.5

 

44. Based on the information above, which one of the following is an accurate statement?

A) The ADR in every month of 2012 was greater than the same months in 2011.

B) The occupancy for the year-to date period ending September 2012 is up from the same period in 2011.

C) The RevPAR for the first two months of 2013 was down from the same two periods in 2012.

D) The occupancy in very month of 2013 was less than the same months in 2012.

 

45. Which one of the following can be determined from the 2013 monthly percent changes presented above?

A) Both the occupancy and the ADR improved year-over-year.

B) The 2013 percent changes were very similar to the 2012 percent changes

C) The occupancy and the ADR year-over-year changes balanced each other out, yielding no RevPAR change.

D) The occupancy improved year-over-year, while the ADR declined.

 

46. Which one of the following is NOT an accurate statement regarding the data displayed on a Pipeline Report?

A) A feasibility study would often include Pipeline information.

B) Pipeline Reports show number of properties and rooms under construction and in planning by Scale and Chain.

C) Pipeline Reports show hotel performance information (Occupancy, ADR, RevPAR).

D) Pipeline Reports show information about Supply changes in an area over time

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Use the sample “Supply Summary” page from a Pipeline Reports to answer question 47-48

 

 

 

 

Rooms

Historic Supply   Pipeline Projects
  Sep-08 Sep-09 Sep-10 Sep-11 Sep-12 Sep-13   In Constr. Final Planning Planning Pre Planning
  Luxury 462 462 462 462 462 462         410
  Upper Upscale 7654 7654 7654 7937 7937 5056       100  
  Upscale 2823 2823 2934 3329 3,904 4,121     350 314 120
  Upper Midscale 3162 2887 3075 3099 3,034 3,034       310  
  Midscale 7372 7315 7790 8098 8,362 8,511   344 63 489 83
  Economy 7212 7068 7456 7350 7,379 7,378          
  Independent 4338 4541 3953 4162 4,333 4,333       200  
  Total 33,023 32,750 33,324 34 437 35,411 32,895       2,113 613

 

 

 

 

47. Based on the information above, which one of the following is an accurate statement regarding Supply growth over the last 5 years?

A) The Upper Upscale group experienced a significant decrease between 2012 and 2013.

B) The Upper Midscale group experienced a small increase in Supply.

C) The Economy Scale experienced no Supply growth.

D) The Luxury Scale group experienced a significant decrease in Supply.

 

48. Based on the information above, which two chain scales will probably experience the largest Supply growth in near future?

A) Upper Midscale and Midscale

B) Luxury and Independent

C) Upscale and Midscale

D) Upper Upscale and Midscale

 

 

49. HOST and profitability Reports include all but this type of Profit and Loss account?

A) Revenues

B) Expenses

C) Profit

D) Assets

 

50. What metrics do HOST and Profitably Reports display?

A) Amount per Occupied Room

B) Ratio to Sales

C) Amount per Available Room

D) All of the above

 

ACR Index Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 70 76 67 68 77 77 76 76 76 86 80 80 78 76 76 67 74 80 RevPAR Index Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 86 86 96 77 96 96 84 96 86 96 98 100 94 95 96 86 96 116 Occupancy index Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 66 75 67 56 77 77 66 76 66 86 80 80 76 74 76 66 70 76

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