Common use of Rate Extension Clause in Contracts

Rate Extension. The Group Rate will be offered from Month Day, Year to Month Day, Year, subject to availability of rooms at the time of reservation to accommodate those who wish to extend their visits. These nights will be credited back to the Room Block. Rate Protection: Hotel agrees that Group’s single/double Group Rate will be no higher than the average daily single/double rate of any other like group, “like” shall be defined as: Groups whose meeting dates fall over the same period (i.e. from seven (7) days pre-event to seven (7) days post-event. Exceptions include holiday periods and changes in selling season. Groups having a similar revenue portfolio (within 10% of that booked by Group). Groups having same arrival/departure pattern. Should it be determined that another group (meeting the parameters as stated above) is booked into the Hotel with a lower net rate, the Hotel shall be obligated to match the net rate offered to the other group.

Rate Extension. The Group Rate will be offered from Month Day, Year to Month Day, Year, subject to availability of rooms at the time of reservation to accommodate those who wish to extend their visits. These nights will be credited back to the Room Block. Rate Protection: Hotel agrees that Group’s single/double Group Rate will be no higher than the average daily single/double rate of any other like group, “like” shall be defined as: Groups whose meeting dates fall over the same period (i.e. from seven (7) days pre-event to seven (7) days post-event. Exceptions include holiday periods and changes in selling season. Groups having a similar revenue portfolio (within 10% of that booked by Group). ) Groups having same arrival/departure pattern. Should it be determined that another group (meeting the parameters as stated above) is booked into the Hotel with a lower net rate, the Hotel shall be obligated to match the net rate offered to the other group.