Arbitration: A Bitter Pill in a Seller's Market?

OCCUPANCY rates are up. Room rates are up. Clearly, the seller's market continues. As a result, meeting planners can't negotiate the same deals they used to. Instead, hotels are imposing early departure charges, tough cancellation provisions, and, in general, avoiding concessions. As planners come to terms with this market, arbitration contract provisions warrant a second look.

Arbitration can be an effective way to avoid the sky-high cost of litigation and the stigma of being involve

Register to view the full article

Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish