In a move competitors call "gutsy" and planners call "bold," Ritz-Carlton has cut commission payments to third-party site-selection firms to 3 percent. The proliferation of intermediaries earning 10 percent commissions to bring meeting clients to meeting properties prompted Ritz-Carlton to make the change. Ritz will continue to pay 10 percent commissions to full-service meeting planning companies, which it defines as those that "conduct on-site inspections, event planning, on-site meeting ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to RITZ CUTS COMMISSIONS: WILL OTHERS FOLLOW SUIT?, you'll get exclusive access to a large archive of premium content.

Already registered? here.