Marriott will reduce commissions on group bookings to 7% from the current 10% from March 31 2018 for its hotels in the U.S and Canada, while contracts signed before this date will still receive 10% commissions. Simultaneously, Hilton continues encouraging customers to make direct bookings on its website in lieu of via online travel agencies to customize guest experience based on technology platforms.

Marriott will reduce commissions on group bookings

Meanwhile, following footsteps of Marriot, IHG, and Hilton, Hyatt has announced to tighten cancellation policies but giving loyalty members flexibility for better revenue management practices. In another circumstances, China’s HNA Group has hired banks to look for buyers of its 29.5% stake in Spain’s NH Hotel Group which is valued at around US $787.3 million at current prices.