Re: Hyatt Taipei cancellation policy?

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On 8/24/2011 3:33 AM, Andrew Sullivan wrote:

> On Tue, Aug 23, 2011 at 11:29:34AM -0700, David Morris wrote:
> 
>> For this to be a meaningful disccusion re. the success or lack there of,
>> we need to compare what we have vs. similar sized groups in the same 
>> season, etc. at the same venue.
> 
> _And_ having negotiated at the same time, as Ray pointed out already
> in this thread.  Every time one of these discussions comes up, people
> seem to forget that the negotiations are happening several years in
> advance of the actual event.  Agreements about the future almost
> always require the party buying to take some risk that they will be
> paying more than the going rate at the time the actual sale date
> arrives.  

This can be minimized, though, right?  Maybe the conference room rate
could be set at a percentage of the rack rate, for example.

> In the case of hotel agreements, the block negotiator takes
> some risk that there will be a lower price or otherwise better terms
> actually available at the time of the block being used.  The hotel
> takes some risk that the block negotiator is unable to deliver the
> actual room occupancy negotiated.  Each is making a bet.

Yes, but the total risk on the part of the hotel is that it will be in
the normal state of having empty rooms that need to be filled...

> 
> If you don't like the cancellation terms (or other terms of the bet),
> don't participate in it: don't make a reservation in the IETF block.

And I do, and have for some time now (since I have no corporate expense
account); this has the added benefit (from my POV, YMMV) of actually
_visiting_ Prague, Maastricht, etc. (as opposed to essentially shipping
myself air freight to a facility that could as easily be in Dallas or
(cringe) Minneapolis except that the people might look different or talk
funny, then shipping myself back again).
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