Hilton And Marriott Pledge To Cut Commissions

Where Marriott International leads, others follow.

Hilton Worldwide will reduce standard hotel booking commissions for meeting professionals from 10 to 7 percent later this year for group bookings at its U.S. and Canada hotels, as many predicted, following the example of Marriott International.

Business booked by meeting planners and travel agents before October 1 will still receive the standard 10 percent commission. Some large partners will be exempted from the cuts because of the high booking volume and higher-yielding events they book.

Read the full article here

Latest

How Will the NFT Market Shake Up Auction Houses?
April 9, 2021
Their primary practice is based around asset protection, trusts & estates, as well as representing high net-worth individuals like art collectors, designers, wine importers & producers, and Read more
Why Credentialing Platforms Have to Fill the Void in Job Skills that Universities Are Creating
April 9, 2021
Numbers are up across the board for employer-based credential programs as companies develop a robust parallel higher education infrastructure. Research out of credentialing platform Credly found that Read more
The Longterm Impact of Retail Closures in 2021
April 9, 2021
  The CEO of Mainvest, Nick Matthews, discusses big news out of the Bureau of Labor Statistics on massive incoming retail closures in 2021. He breaks down which sectors are most impacted, but Read more