Category: Contracts

Revenue or Profit? Understanding the True Cost of Attrition Fees

In a recent HopSkip x Legalese with the Ladies webinar, Kelly Bagnall, Partner at Holland & Knight LLP and a leading authority on hospitality law, along with Barbara Dunn, Partner at Barnes & Thornburg LLP, tackled one of the most enduring questions in contract negotiations: Should attrition fees be based on revenue or profit? 

The Case for Single Hotel Contracts Over Addendums

Introduction:

In a recent HopSkip webinar, industry experts Sean Whalin (Co-founder and CEO of HopSkip), Barbara Dunn (Partner at Barnes & Thornburg LLP representing groups), and Lisa Sommer Devlin (Devlin Law Firm, P.C. representing hotels) discussed the common practice of attaching company addendums to standard hotel contracts.

10 Tips to Boost Your Hotel Event RFP Response Rate

Introduction

In the dynamic world of business meetings and events, efficiency is key. Your success hinges on how effectively you can communicate with your hotel suppliers, and that communication begins through your RFPs (Request for Proposals).

As a planner, your ability to elicit swift and suitable responses from hotels can significantly impact the success of your events. This guide delves into ten key strategies to consider implementing in your RFP process, leading to quicker, and more aligned responses from hotels. 

Addressing Economic Downturns in Your Hotel Contract Clauses

The information provided in this video does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information in this video may not constitute the most up-to-date legal or other information. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter.

Introduction:

Hotel contracts are like high-stakes bets on the future, and the unpredictability of economic cycles can make these bets even riskier. Both hotels and meeting planners aim to mitigate risks, but how can this be done when economic downturns are factored in?

In our recent webinar, Sean Whalin (Co-founder and CEO of HopSkip) sits down with legal experts Barbara Dunn (Partner at Barnes & Thornburg LLP representing groups) and Lisa Sommer Devlin (Devlin Law Firm, P.C. representing hotels) to discuss the complexities of incorporating economic downturn clauses in hotel meeting and event contracts.

TL;DR:

What Clauses Can Be Added to Hotel Contracts to Mitigate Economic Downturns?

  • Hotel contracts are futures agreements, locking in terms of future services and inventory.
  • Both parties assume risks and modifying contracts based on economic downturns usually gets pushback.
  • Experts suggest booking conservatively and building flexibility into contracts rather than relying on economic downturn clauses.
  • Site selection and best-rate negotiation can also provide buffers against economic uncertainty.

Experience Creators You Should Know – Stephanie Kelch, HubSpot

This post is part of the HopSkip Planner Spotlight Series where HopSkip spotlights planners across the industry to bring awareness of how they adapted to COVID-19, communicating and lessons learned and sharing how they are viewing the meetings and events industry in a post-pandemic world. 


 

Name: Stephanie Kelch

Company Name: HubSpot

Job Title: Senior Manager, Global Events

Years of Experience: 13

Why it’s Important to Include Renovation Plans In Your Hotel Contract

The information provided in this video does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information in this video may not constitute the most up-to-date legal or other information. Readers of this website should contact their attorney to obtain advice concerning any particular legal matter.

In this video, Sean Whalin (Co-founder and CEO of HopSkip) sits down with Barbara Dunn (Partner at Barnes & Thornburg LLP, representing groups) and Lisa Sommer Devlin (Devlin Law Firm, P.C. representing hotels) to discuss why it’s important to include renovation plans in your hotel contracts and how to approach this topic with your hotel partner.

Lowest Rate Clause In Your Hotel Contracts

The information provided in this video does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information in this video may not constitute the most up-to-date legal or other information. Readers of this website should contact their attorney to obtain advice concerning any particular legal matter.

In this video, Sean Whalin (Co-founder and CEO of HopSkip) sits down with Barbara Dunn (Partner at Barnes & Thornburg LLP, representing groups) and Lisa Sommer Devlin (Devlin Law Firm, P.C. representing hotels) to discuss why the lowest rate clause can create problems and steps planners can take to achieve the same result.

Hotel event costs that planners should be aware of

The information provided in this video does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information in this video may not constitute the most up-to-date legal or other information. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter.

In this video, Sean Whalin (Co-founder and CEO of HopSkip) sits down with Barbara Dunn (Partner at Barnes & Thornburg LLP, representing groups) and Lisa Sommer Devlin (Devlin Law Firm, P.C., representing hotels) to discuss the most significant fees or costs a planner should be aware of in hotel contracts.

Check out what Barbara Dunn (Partner at Barnes & Thornburg LLP, representing groups) and Lisa Sommer Devlin (Devlin Law Firm, P.C. representing hotels) have to say in Legalease With the Ladies- powered by HopSkip!

Hotel Master Services Agreement (MSA) and what it should cover

Learn what a hotel Master Services Agreement is (MSA for simplicity’s sake) and the most important items to include in your hotel meeting’s MSAs. Dive into the post below featuring our trusted legal partners, Barbara Dunn (Partner at Barnes & Thornburg LLP, representing groups) and Lisa Sommer Devlin (Devlin Law Firm, P.C. representing hotels) in Legalease With the Ladies {% icon icon_set=”fontawesome-5.14.0″ name=”Copyright” style=”REGULAR” height=”7″ purpose=”decorative” title=”Copyright icon” %}– powered by HopSkip{% icon icon_set=”fontawesome-5.14.0″ name=”Copyright” style=”REGULAR” height=”7″ purpose=”decorative” title=”Copyright icon” %}!