Updated FIT Yieldable Agreement Template Available for Approved Wholesalers
Franchise Management Companies | FIT (Frequent Independent Traveler or Foreign Independent Tour) wholesale business consists of pre-paid, packaged tours designed for individual travel, rather than a group. A hotel’s FIT rates are packaged together with other travel components, such as Air, Car or Cruise and sold to the customer via travel agents and/or tour operators.
A revised FIT Yieldable Agreement Template is available for hotels seeking to sign a property-level FIT agreement with an Approved Marriott Wholesaler. The contract template has been updated to address certain data privacy practices and is consistent with Marriott’s CURE Wholesale Distribution Strategy, as well as Marriott Channel Standards, which are intended to help build controllable and profitable wholesale channels to hotels.
In accordance with Marriott’s Wholesale Distribution Strategy, hotels should use the approved FIT Yieldable Agreement Template when offering net FIT rates with non-connected partners (partners that have not yet dynamically-connected with Marriott). Hotels should not extend FIT yieldable contracts to dynamically-connected partners, as hotels should be working dynamically only with connected accounts.
To learn more about Marriott’s Wholesale Distribution Strategy and FIT business, visit MGS.
