Aug 11, 2011
Most corporate and contract rates are negotiated during September through December, but based upon preliminary discussions, it is clear that there are very different buyer and seller expectations. Corporate and contract rates represent almost 20 percent of occupied room nights and almost 30 percent of U.S. lodging industry revenue. The difference between buyer and seller expectations for corporate and contract rates for 2012 is as far apart as ever before – even more than last year.
NYUToday-feature, Applied Research, School of Continuing and Professional Studies | Press Release