This is the third in a series of blogs posts, written collaboratively by our team, which uncover lessons learned in advising dozens of our clients on their events in the time of COVID-19. Although each situation has its own unique issues, we hope you find nuggets to help you with your disruption response and planning. The U.S. hotel industry is projected to report a 51-percent decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and … [Read more...]
Deal Or No Deal: Overcoming Barriers With Hotel Contracts
You’ve found the perfect hotel for your meeting. It’s a great location. You were able to negotiate a good room rate. The concession package and your meeting space flows well too. The Contract's T&Cs Cause You To Pause The hotel sends you a contract to secure the deal. As you review the 14-page document, you realize that while the business issues are acceptable, the hotel’s terms and conditions (T&Cs) are giving you reason to hesitate. Some organizations have created their own … [Read more...]
