Charlie Brunsden-Parsons MD VFI 360
It can be problematic for suppliers when one hotel group buys out another or the ownership of individual hotels changes. While in many cases, the hotels' financial obligations are dealt with carefully and properly, there are unfortunately quite a few examples where suppliers can be left having to argue long and hard for monies owing. Does this mean you should only place business with the larger, more stable branded groups? Maybe. But this is not always possible or desirable, especially when the bigger brands are making aquistions and mergers themselves. This is where the financial health checks carried out by a specialist conference consultancy like vfi 360 can help you. In any event, be careful to avoid risking your deposits!
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