What Is an Occupancy Agreement?

Hotel negotiated price is a special term in the hotel industry.

Hotel negotiated price

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Hotel negotiated price is a special term in the hotel industry.

Hotel agreement price refers to a preferential price that the company's guests or employees enjoy when they enter the hotel when they sign an agreement with the hotel. It is generally lower than the listed price of a hotel, but this usually requires a certain occupancy rate. Most major commercial banks have such agreements with local hotels.