What is the due date for the Groups & Meetings TMC Fee for a Crowne Plaza franchise?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
Groups & Meetings TMC ("G&M TMC") Fee: The fee applies to definite room revenue sourced through MeetingBroker, even if the MeetingBroker status is not listed as "definite". If the "definite" consumed or "actual" revenue is not updated in MeetingBroker at the time of billing, the fee will apply to the contracted or "agreed" room revenue. The fee percentage is 2% globally for BCD M&E, CWT M&E and AMEX GBT. G&M TMC Revenue Programs are pay-for-performance marketing programs designed by SCH to drive incremental revenue and improve market share with SCH travel agency partners specifically in the Groups and Meetings space. The key focus of these programs is to reward agencies for increasing market share by driving groups and meetings business to Hotels. Hotels agree to pay the standard commissions due to third parties sourcing through MeetingBroker in addition to the G&M TMC Fee.
Source: Item 6 — OTHER FEES (FDD pages 31–51)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza Franchise Disclosure Document, the document does not specify the due date for the Groups & Meetings TMC Fee. The document describes the Groups & Meetings TMC Fee as a 2% fee that applies to definite room revenue sourced through MeetingBroker, even if the MeetingBroker status is not listed as "definite".
While the FDD details how the fee is calculated and what it covers, it omits the specific payment terms, such as when the fee is due (e.g., monthly, quarterly) and the exact date. This information is crucial for franchisees to manage their cash flow and ensure timely payments to avoid potential penalties or disruptions.
A prospective Crowne Plaza franchisee should ask the franchisor for clarification on the payment schedule, including the frequency and specific due dates for the Groups & Meetings TMC Fee. Understanding these payment terms is essential for accurate financial planning and budgeting.