Hotel Kick-backs to Tournament Promoters
- Thread starter FranCrimi
- Start date
Fran,
My take on this is, if the rate listed is shown as a "discounted" rate to the players, then it should be a discounted rate. All the Vegas pool events I attend have a "use this code" for your discounted room rate. The code must show the hotel which customer should be credited with the attendee. For what purpose, it's just a guess but I think you are correct.
Several years ago, Tony Annigoni posted a similar topic. It also became a "hot" topic with several sanctioning bodies jumping in on the discussion. I don't belittle any promoter for trying to make a profit. Without them, we have no events to play in. All I ask for is some honesty. This appears to be the same as the subject of what "added" money is and who really adds it.
Perhaps some will remember when room rates at a national event were listed as $110 per night or so discounted by the sanctioning body. A different sanctioning group offered the same rooms in the same hotel in the same month for only $69 per night. Talk about tap dancing around the subject! Lets see. $40 per night per customer times 7 nights average times a thousand rooms. Wow!!!! I'd like to make that kind of money for a year!
My truth in posting statement is, I have a place in Vegas to stay so this whole thread is a mute point. JMHO.
Lyn
My take on this is, if the rate listed is shown as a "discounted" rate to the players, then it should be a discounted rate. All the Vegas pool events I attend have a "use this code" for your discounted room rate. The code must show the hotel which customer should be credited with the attendee. For what purpose, it's just a guess but I think you are correct.
Several years ago, Tony Annigoni posted a similar topic. It also became a "hot" topic with several sanctioning bodies jumping in on the discussion. I don't belittle any promoter for trying to make a profit. Without them, we have no events to play in. All I ask for is some honesty. This appears to be the same as the subject of what "added" money is and who really adds it.
Perhaps some will remember when room rates at a national event were listed as $110 per night or so discounted by the sanctioning body. A different sanctioning group offered the same rooms in the same hotel in the same month for only $69 per night. Talk about tap dancing around the subject! Lets see. $40 per night per customer times 7 nights average times a thousand rooms. Wow!!!! I'd like to make that kind of money for a year!
My truth in posting statement is, I have a place in Vegas to stay so this whole thread is a mute point. JMHO.
Lyn
Blues, I am getting Dyslexic.
I read that as, "Wise beyond his ears". I was thinking, must be because there ain't much on the other side of them.
I read that as, "Wise beyond his ears". I was thinking, must be because there ain't much on the other side of them.
The major point of the original post is "promoter ethics/ integrity" the us open issues and the state of the game have a lot to do with greed and mismanagement at all levels.
It is sad to see and watch! People don't care about their image when there benefiting and don't have to hit a ball!
I know some promoters are far from fair with the profit sharing. Just look at the shenanigans at the regional tours with some promoters making 300 a hour!!!
Kd
Kd
It is sad to see and watch! People don't care about their image when there benefiting and don't have to hit a ball!
I know some promoters are far from fair with the profit sharing. Just look at the shenanigans at the regional tours with some promoters making 300 a hour!!!
Kd
Kd
Next time try going as a horse. Free room and board - and all the hay you can eat. And, if you do good in the race you spend the rest of your life at stud.
I don't think that promoters trying to make a buck have anything to do with "the state of the game".
The state of the game falls on the players, past & present
Last edited:
Mark your points are are valid, but in the real world not too many people do anything in business for free.
I recall years ago when doing Freelance Photography being bombarded with offer of free meals, free other goodies, and an Annual Mothers Day Invite to this attraction in Northern CA.
They called it Family Media Day, and Media Members, and their family members were invited for free admission, a wonderful barbecue, adult beverages, etc., etc., etc., etc.
The pay back was when this place open their new venue annually, a press release was put out,the media came, and cover said new venue open like it was big news.
Could not get that amount of advertising for a quarter of a million bucks. But it was playback for the Family Media Day that we all enjoyed ever year we went.
CA State Fair always hosted a pre opening day Tri Tip lunch, and let say it was yummy. Again playback was CA State Fair got boo koo free advertising with all the daily press coverage.
There are NO FREE LUNCHES IMHO. Unless you want to volunteer at the VA Hospital, and in the real world it is a source of cheap free help.
Big Gambler get great comps in Sin City, because they gamble big. It is all factored in by Bean Counter who understand out go in promotion, advertising, v/s income returned on out go.
Last edited:
Maybe if you left the Booze, and Smokes alone you would understand.
No way. Coco is posting like the big spender. Truth is, he is so tight, his butt squeaks.
If he figured someone else was making an extra buck at his expense, he would be the first one whining about it.
El Coco Cheapo.
Like a good liberal when you can not attack the message because truth hurts, you attack the messenger.
see below.
Last edited:
Typically the rooms rates are discounted even with the rebate. The danger is hotels often introduce "specials" when their doing poorly that undercut the group rates. Organizations have little control over that.
To prevent this, there are two clauses I negotiate in discount heavy markets. The first is a lowest price guarantee clause. I make sure that the group gets the lowest advertised rate and the organization gets the rebate from this. The 2nd is a rooms audit clause, where registration lists are checked against in house guest lists, in which case we get credit for those who book outside of the group rate.
To me there is no moral issue with rebates. In fact, they often show a skillfully and intelligently negotiated hotel contract. However, I do not believe they should be used by an organization to subsidize under-priced participation fees. One way or another, participants and sponsors must pay the realistic expenses of the event, or it will simply go away.
Here's a typical example of what happens. You are an event planner. Hotel rooms in a market are going for, say $200 during a certain season. You negotiate for a $129 rate with a $15 per night rebate (built in to the $129) a year or two before the event. You block and guarantee usage of 200 of the hotels 800 rooms.
If all goes well, the regular price goes out at $200 and the hotel is doing well, then climbs to $249 then $299. You now look like a genius because your people are paying $129 and your block quickly sells out.
If it does not go well, the regular price goes out at $200 and the hotel is doing poorly, drops their rate to $149 on Expedia and Priceline 60 days before your event, then still doing poorly, drops to $99 because they are only 60% full. Your block lingers and your participants flock to the lower rates. You are in trouble. You complain to the hotel but your little block is not helping them very much - they need to compete with X hotel next door who is selling their rooms at $79 because of a bed bug infestation and a remodeling job.
You now look like a greedy idiot, yet both of these situations are completely out of your control.
What Fran needs to understand is that hotel rates are not static: they are market driven, just like stocks. The value is simply relative to the market.
Last edited:
When a event grows over time and the prize fund DOES NOT! Same added money year one and year 19.
Year one 69 a night, year 19 is $229 a night! 4 weeks later rooms are $49 a night.
People are not stupid! They know when they are being bent over!
I would not mind if the promoter is doing right by the players and giving them a fair cut.
Kd
What happens when the event shrinks over time? Prize funds goes down. Table fees go up. Room rates go up. Airline fees go up. Who blinks first?
Lyn
Shrink please! Year one is ALWAYS the worse! Year 19 is more gravy then drought!
Kd
Yes, but the post comes off as a complete entitlement thread. The organizer needs to make a profit, and their are many ways to make that. The fact that you say a promoter makes $300 an hour just proves you have no idea what goes into running an event. There are way more hours to the job than just the day of the event, and any successful tour took huge hours to get off the ground.
We have serious difference of opinion if you think 300 a hour is reasonable?
Nurses, doctors and lawyers don't make 300 a hour!
First pays 1k director gets 3k hours directly worked is 6 day one and 4 day two.
Its utter bs!
Kd