The present paper provides a comprehensive comparative analysis of thermochemistry models of various fidelity levels developed in leading research groups around the world. Fully kinetic, hybrid kinetic-continuum, and fully continuum approaches are applied to analyze parameters of hypersonic flows starting from the revision of single-temperature rate constants up to the application in 1-D postshock conditions. Comparison of state-specific and two-temperature approaches shows there are very significant and often qualitative differences in the time-dependent nonequilibrium reaction rates and their ratio to the corresponding single-temperature rates. A major impact of the vibration-dissociation coupling on the temporal relaxation of gas propert...