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Choice Hotels (includes Cambria Suites, Clarion, Comfort Inn and others in the Choice family) — 10% discount on advance reservations Days Inn — Additional discount on best available rate at ...
The FCC in Phnom Penh was not a private club, like other Foreign Correspondents' Clubs around the world, but members from reciprocal clubs (like the FCC Hong Kong) got a 10% discount on food and drinks. The FCC in Phnom Penh had nine hotel rooms. They also have a hotel, restaurant and bar in Siem Reap.
Tour operators obtain discounts, through allotment or commitment contracts, primarily depend on the firm size and the bargaining power exercised; they can vary from 10% to 50% according to the period of the year, the destination, the quantity and quality of services contracted upon. Some big tour operators are able to obtain up to 70% of discount.
This effect occurs when customers see cost as a combination of gains and losses. Take as example, a hotel room advertised at #£300, with a £25 discount for early booking and compare it with the same room at #£250, with a 10% single person surcharge. Customers will tend to choose the arrangement even though the cost of £275, is the same.
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2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
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