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Term |
Definition |
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Key Negotiated Rate |
A worldwide Corporate Account programme in which the Global Sales Team at IHG negotiates with key companies on behalf of the hotels. Key Negotiated Rates (KNR's) are normally global companies that produce a large volume of business for IHG. Hotels participate through the Request for Proposal (RFP) process. Acronym: KNR Synonym(s): Negotiated Rate, Corporate Rate |