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Thread: Implications of changes in HH program on the competition and their strategies
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Old Dec 13, 2002 | 2:06 pm
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KathyWdrf
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by LemonThrower:
SPG already pays its properties nearly full value, so they have less "need" to devalue their program.</font>
What do you mean by "full value?"

My impression is that SPG pays their hotels a wholesale rate (similar to a cheap Priceline rate). This is FAR less than rack rate -- and less than even the most deeply discounted rates at spg.com.


Kathy

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