What does CHAM mean in CERTIFICATIONS & DIPLOMAS

CHAM stands for Certified Hotel Asset Manager, and it is a professional certification program designed to help hospitality professionals maximize the profitability of their hotel assets. The program focuses on providing asset managers with the knowledge and tools required to effectively manage hotels through cost analysis, forecasting, pricing strategies, revenue management and more. The program is composed of multiple courses and an optional final exam. Upon successful completion of the course requirements and passing the final exam (if applicable), participants become a Certified Hotel Asset Manager.

To gain certification as a Certified Hotel Asset Manager, you must first complete all courses that make up the CHAM program and pass an optional final exam (if applicable). After completing all course requirements, you will be eligible to apply for certification by submitting your documentation for review by the CHAM board.

Yes. The cost associated with completing the CHAM Program and registering for certification varies depending on your country of residence. Please refer to our website for specific costs associated with each country/region or contact us directly for more information.

Achieving your CHAM Certification demonstrates professional expertise in hotel asset management and provides employers evidence of knowledge in this field. It also provides recognition within the hospitality industry which can lead to job opportunities and promotions in hotel asset management roles. In addition, some countries may recognize the CHAM Certification as an official qualification for certain positions in hospitality management.

Your CHAM Certification must be renewed every 3 years in order maintain active status with the program. During your renewal cycle, you must demonstrate continuing education or other activities related to hotel asset management such as attending conferences or seminars or participating as an expert panelist at events related to hospitality management topics. This activity can then be logged into your personal profile on our website where it will be monitored by our team of experts who oversee certification status renewal decisions.

Yes, all participants must have a minimum of 5 years experience working in a full-time role related to hotel asset management (or related areas) prior to enrolling in any courses that makeup the program. In addition, applicants should also possess good communication skills both written and verbal alongside basic computer literacy including spreadsheet programs like Excel or Google Sheets.

The curriculum covers various topics such as understanding financial statements; evaluating asset performance; forecasting demand; pricing strategies; capital expenditure considerations; revenue optimization techniques; understanding SOPs; legal principles impacting hospitality operations; insurance obligations etc.