Originally Posted by ohmark
Which, I assume, is driven by the demand for revenue and/or reward stays at a particular property.
I would assume the revenue agreements are contractual and subject to periodic re-negotiation, hence the changes we observe. Perhaps Chris could elaborate.
There are also considerations relative to the strength or weakness of the dollar relative to the local hotel currency. This is markedly seen in properties in Europe vs. SE Asia, as extremes.
Pat