Trade associations reserve a block of rooms roughly equal in size to the number of delegates anticipated to attend the meeting, annual conference, etc. Thereby, the association becomes financially responsible for unsold rooms through attrition clauses in the group rooms contract.

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Trade associations often reserve a block of rooms based on the anticipated number of attendees for events like meetings or conferences. They become financially responsible for any unsold rooms due to attrition clauses in their contracts, which require them to pay for a certain percentage of the unused rooms.

Trade Associations Reserve a Block of Rooms Roughly Equal in Size