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01/13/09
EliteMeetings.com Goes Commission-Free
(SANTA BARBARA, Calif., January 2009)—EliteMeetings.com has adopted an innovative policy that will benefit both hoteliers and planners during these economically challenging times. Effective immediately, all RFPs submitted through EliteMeetings.com will enjoy a "net rates guarantee." That means that planners who use the EliteMeetings.com online RFP system will enjoy rates with no commissions, nor any hidden fees or padded costs to offset the 10% commission that other companies may charge.

"We recognize that both planners and hoteliers need as much economic stimulus as possible," says CEO Kelly Foy. "We're fortunate to be in a position to forgo commissions in lieu of other revenue options, and think this will create a true win-win scenario for both sides."

Foy likens his revenue structure to Google's business model, where the resource is free to all business users. Like Google, the Web site’s revenue stream comes from marketing partnerships and sponsorships from those who desire increased exposure, and by extension, increased bookings.

"Everything we do is about building relationships—stepping out of the way and allowing hoteliers and planners to forge partnerships with each other," Foy comments. "We just felt this was the perfect time to break down any lingering barriers that may have hindered Web site use in the past."

The commission-free structure applies to any planner who uses the EliteMeetings.com RFP system. The great news for third-party planners is that they can use the system and still be able to collect their commissions as usual.

ABOUT ELITE MEETINGS INTERNATIONAL
Elite Meetings International is based in Santa Barbara, California, and connects top meeting and incentive planners with a hand-selected, independently evaluated group of upscale hotels and resorts throughout North America via their semiannual publication, Elite Meetings magazine, and semiannual event, the Elite Meetings Alliance. Additionally, the company’s Web site serves as a commission-free RFP-generating tool and a comprehensive vehicle for sourcing luxury properties. For additional information, please visit www.EliteMeetings.com or call 805.730.1000.

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Contact:
ELITE MEETINGS INTERNATIONAL, INC.
Christine Lai
805.730.1000
clai@EliteMeetings.com
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