RITZ CUTS COMMISSIONS: WILL OTHERS FOLLOW SUIT? 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 ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to Printer-friendly, you'll get exclusive access to a large archive of premium content.

Already registered? here.