The Hotel will notify Holiday Bankers of any promotion or discount rate available to all distribution partners that is not included in this agreement.  Any such rate will be available for Holiday Bankers to be distributed and will automatically override the rates stated in this agreement if such rates are deemed to be lower.

The Hotel has committed to Holiday Bankers a specified amount of room allotment on daily basis.  Additional rooms outside of the allotment are subject to availability and confirmation by the Hotel. Rooms reserved within allotment are guaranteed and do not require confirmation by Hotel. Rooms outside of allotment are guaranteed upon confirmation by Hotel. The Hotel will be provided with a login and password for Holiday Bankers Supplier Relationship Management System to control the rates and inventory of the Hotel on the Holiday Bankers website. 

Holiday Bankers will notify the Hotel of cancellation and reductions as early as possible, but in any case not later than the notice period specified in the contract. For cancellation or no-show after required minimum period, the hotels can apply a one (1)-night cancellation fee unless excused under Force Majeure.

All information contained in this agreement is strictly confidential and must not be disclosed to third parties.

If the Hotel is unable to honor any of its reservations, it shall immediately notify Holiday Bankers and also relocate the Holiday Bankers guest to a comparable Hotel or Resort. It shall also prepay to such comparable Hotel or Resort the room charges for the nights in question, together with all the transportation costs of the guest to such alternative accommodation. The Hotel will also immediately deliver a written apology to the Holiday Bankers guest including an explanation absolving Holiday Bankers of responsibility for supplier’s / hotel’s failure to honor the reservation.

This agreement shall be valid for one (1) year and shall be renewed automatically at the end of the period unless terminated by either party. This agreement may be terminated at any time for any reason by either party by giving thirty (30) days prior written notice to the other. The Hotel shall honor any existing reservations from Holiday Bankers at the time of termination, and all agreements herein with respect to these reservations shall survive the termination of the agreement.

Both parties have full understanding in respect to the terms of this agreement, including rates for accommodation and other services rendered by the Hotel.