In the context of chatlyn, an attrition fee refers to a charge imposed when guests cancel their reservations or fail to fulfill their booking commitments, leading to revenue loss for the hotel or resort. This fee is typically outlined in the booking terms and conditions and serves to compensate for the potential loss of revenue due to the cancellation. It helps hotels mitigate the impact of last-minute cancellations on their operations and revenue streams.
What is an attrition fee, and when is it applicable?
An attrition fee is a charge imposed by hotels when a group booking fails to meet the agreed-upon minimum room block or reservation commitment.
How can I avoid paying an attrition fee for my hotel reservation?
To avoid paying an attrition fee, it's essential to carefully review the terms and conditions of your group booking contract, ensure accurate attendance estimates, and communicate any changes or cancellations promptly to the hotel. Additionally, negotiating flexible terms with the hotel can help mitigate potential attrition fees.