| CONTRACTS CORNER: Reducing Attrition Fees through Concessions
Source: Robin Roth, Senior Contracts Editor, Conferon, Inc. |
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Very few attendees (about one-fifth) are aware that their groups could suffer attrition fees if they choose not to stay at the hotels in the group block, according to a poll taken by the Convention Industry Council for Phase II of Project Attrition. Further, only a similar few, once enlightened, said they would help their groups by booking within the block. A third would do so if inducements were given, which supports the survey's finding that cost is the main drawback for attendees when making that important decision.* Survey respondents revealed that money-saving concessions were high on the list of inducements that would encourage them to use the group hotels. We have drawn upon the experience of two of our Conferon Account Executives, Deirdre Bourke, CMP, and Mariana Gallo, CMP, to gather their most useful concessions, many of which can be written into the hotel contract:
Concessions such as these are win-win money savers for all parties: individual attendees, the group, and the hotels too since more rooms will be booked. *For the most complete version of the survey results, go to http://www.conventionindustry.org/projects/Project_Attrition_PhaseII.pdf. (Note: This information is not intended to be "legal advice." A qualified attorney should be consulted to review all legal issues.) |