Royal Tulip Hotel Brand: History, Ownership, Market Position, and Guest Experience
Royal Tulip is the luxury, full-service hotel brand within Louvre Hotels Group, a hospitality company owned by Jin Jiang International. Created in 2006 by the Netherlands-based Golden Tulip Hospitality organization, Royal Tulip was designed as a higher-tier complement to Golden Tulip and Tulip Inn. It now operates through a selected portfolio of urban hotels, resorts, and serviced accommodation across parts of Asia, the Middle East, Africa, Europe, and Latin America.
The brand generally emphasizes spacious accommodation, multiple dining options, wellness and leisure facilities, and substantial meeting or event capabilities. These features place it in the international luxury segment of the hospitality and tourism industry, although classifications, facilities, and service delivery vary by property and country. Royal Tulip is best understood as Louvre Hotels Group’s top conventional hotel tier, serving travelers seeking more extensive facilities and service than the group’s midscale and upscale brands typically provide.
1. What Is Royal Tulip?
Royal Tulip is an international luxury full-service hotel brand introduced in 2006 by Golden Tulip Hospitality, then a Netherlands-based hotel organization. It was created to extend the Tulip brand family above Golden Tulip, offering larger and more elaborate hotels with higher service expectations, broader food and beverage programs, and more extensive business and leisure facilities.
Today, Royal Tulip belongs to Louvre Hotels Group, which is ultimately part of Shanghai-based Jin Jiang International. Its portfolio includes city hotels, destination resorts, golf-oriented properties, serviced apartments, and hotels serving mixed business and leisure demand. The brand does not operate as a large, highly uniform chain. Individual hotels differ significantly in architecture, scale, local ownership, and amenities.
Royal Tulip occupies the luxury end of Louvre Hotels Group’s portfolio. Many hotels are marketed locally as five-star properties, but star ratings are assigned at property level and under country-specific systems. The more meaningful brand-level description is an international luxury, full-service proposition distinguished by extensive facilities, prominent local locations, and a mixture of global brand infrastructure and property-specific character.
2. Royal Tulip at a Glance
- Hotel brand name: Royal Tulip
- Hotel family: Louvre Hotels Group
- Ultimate parent group: Jin Jiang International
- Brand type: International luxury full-service hotel and resort brand
- Founded: 2006
- Founder: Golden Tulip Hospitality, rather than a single publicly identified individual founder
- Place founded: The Netherlands
- Current corporate headquarters: Managed within Louvre Hotels Group from the La Défense business district in greater Paris, France
- Current ownership: The brand is controlled through Louvre Hotels Group, part of Jin Jiang International
- Industry segment: Luxury full-service hospitality
- Market position: Louvre Hotels Group’s highest conventional hotel tier
- Typical property types: Urban hotels, resorts, golf hotels, conference hotels, and serviced accommodation
- Geographic focus: Selected markets in Asia, the Middle East, Africa, Europe, and Latin America
- Primary guest segments: Affluent leisure travelers, business travelers, families, groups, meeting delegates, and guests seeking resort facilities
- Core proposition: Full-service accommodation with extensive dining, events, wellness, and leisure facilities
- Loyalty relationship: Participation in Louvre Hotels Group’s direct-booking and loyalty ecosystem, subject to current program terms
- Operating model: A mixture of locally owned hotels operating under franchise, management, or other contractual arrangements within the wider group system
- Current status: Active
- Official website: Royal Tulip official website
3. What Hotel Family Does Royal Tulip Belong To?
Royal Tulip belongs to Louvre Hotels Group, a France-based hospitality company that operates a multi-tier portfolio extending from economy lodging to luxury full-service hotels. Within that portfolio, Royal Tulip sits above Golden Tulip and Tulip Inn. Brands such as Campanile, Kyriad, and Première Classe serve different price tiers and operating formats, so they are not direct equivalents to Royal Tulip.
Louvre Hotels Group is itself part of Jin Jiang International, a major Chinese travel and hospitality organization. Jin Jiang acquired Louvre Hotels Group in 2015, adding Louvre’s European distribution, operating expertise, and hotel brands to its broader international portfolio. Royal Tulip therefore has a Dutch brand lineage, a French operating parent, and a Chinese ultimate corporate owner.
Brand ownership should not be confused with hotel real-estate ownership. Louvre Hotels Group controls or administers the Royal Tulip brand, standards, distribution system, and commercial platform, but local investors may own individual hotel buildings. Depending on the property, a Royal Tulip hotel can be managed by a group company, operated by a franchisee, or governed by another form of brand and operating agreement.
This structure allows Royal Tulip to expand without the parent company purchasing every hotel. It also explains why properties can differ in design and facilities. The brand provides a shared commercial identity and operating framework, while asset owners and local operators influence each hotel’s physical product, capital investment, and day-to-day execution.
4. Who Founded Royal Tulip, and How Did It Begin?
Royal Tulip was founded as a corporate brand by Golden Tulip Hospitality in 2006. Public histories do not consistently identify a single person as the founder of Royal Tulip. The accurate answer to “who founded Royal Tulip?” is therefore the Golden Tulip hotel organization, which created the brand while based in the Netherlands.
The concept emerged from Golden Tulip’s need for a distinct top tier. Golden Tulip already had a long history as an international hotel network, while Tulip Inn addressed a more streamlined segment. Royal Tulip gave the organization a brand for hotels offering more elaborate accommodation, service, restaurants, conference space, wellness, and leisure facilities.
This origin is different from that of Golden Tulip itself. Golden Tulip traces its history to 1962, when six independent Dutch hotels formed a cooperative alliance. Royal Tulip did not exist in 1962 and was not separately founded by those six hoteliers. Instead, it was introduced more than four decades later as a portfolio extension built upon the established Tulip name.
The brand’s Dutch origin remains part of its corporate history, although it is now administered by Louvre Hotels Group in France. Its current identity has consequently been shaped by several institutional layers: Golden Tulip’s international franchise heritage, Louvre Hotels Group’s multi-brand operating system, and Jin Jiang International’s global ownership.
5. What Is the History of Royal Tulip?
Royal Tulip’s history is relatively recent, but it depends on the longer development of the Golden Tulip system from which it emerged.
The Golden Tulip foundation
In 1962, six independent hotels in the Netherlands created what became Golden Tulip. The cooperative model allowed participating hotels to retain local identity while benefiting from a common name and commercial collaboration. Over time, Golden Tulip evolved beyond its original Dutch base and became an international hotel and franchise organization.
This background matters because Royal Tulip inherited a growth model based on relationships with local owners and operators. It was not initially conceived as a portfolio in which one corporate owner would hold every building. The brand could instead be applied to qualifying hotels in different markets through management and franchise arrangements.
Royal Tulip is introduced in 2006
Golden Tulip Hospitality launched Royal Tulip in 2006 as its luxury tier. The new name created clearer differentiation within the portfolio. Tulip Inn covered a more streamlined offering, Golden Tulip represented full-service upscale hospitality, and Royal Tulip addressed properties expected to deliver a more extensive and higher-service experience.
The launch also gave Golden Tulip a vehicle for resort, conference, and urban hotels whose facilities exceeded the typical Golden Tulip proposition. Larger rooms and suites, more ambitious restaurants, spas, pools, ballrooms, and leisure amenities became common characteristics, although not universal requirements visible at every property.
Integration with Louvre Hotels Group
Golden Tulip’s corporate position changed materially in 2009. Following financial difficulties at Golden Tulip Hospitality, an affiliate of Starwood Capital acquired its principal brands and franchise activities. Golden Tulip, Tulip Inn, and Royal Tulip were integrated with Louvre Hotels, another Starwood Capital-controlled hospitality business.
This transaction placed Royal Tulip within a much broader hotel family. It gained access to Louvre’s development organization, reservation infrastructure, owner relationships, and multi-brand distribution. Royal Tulip was retained as the group’s top tier rather than absorbed into Golden Tulip or discontinued.
Acquisition by Jin Jiang International
In 2015, Jin Jiang International acquired Louvre Hotels Group. The acquisition brought Royal Tulip into a much larger hospitality organization with a strong base in China and broad international ambitions. For Royal Tulip, the change primarily affected corporate ownership, development resources, and distribution reach. It did not mean that Jin Jiang came to own every Royal Tulip property.
Expansion through varied property formats
Under Louvre Hotels Group, Royal Tulip developed through selected projects rather than a dense global network. The flag appeared on city hotels, beach and nature resorts, golf properties, serviced apartments, and conference-oriented hotels. Expansion was particularly visible in markets where local owners wanted an international luxury affiliation without adopting one of the largest global luxury brands.
The portfolio has also changed as management and franchise agreements have begun or ended. Some hotels have been reflagged, while new properties have entered the system. For this reason, historical destination lists should not be treated as a current directory. Royal Tulip today remains an active but geographically selective brand whose modern identity reflects both its Golden Tulip origins and its place in the Louvre and Jin Jiang corporate structure.
6. What Industry Segment Does Royal Tulip Occupy?
Royal Tulip occupies the luxury full-service segment of the hotel industry. This classification is supported by the brand’s intended place above Golden Tulip, its emphasis on substantial guest rooms and suites, and the prevalence of restaurants, bars, event venues, wellness facilities, and leisure amenities across its portfolio.
“Full service” means that a hotel generally offers more than accommodation and limited breakfast. A typical Royal Tulip property may include several food and beverage outlets, room dining, concierge or guest-relations support, meeting rooms, a ballroom, fitness facilities, and a pool or spa. Resort properties may add golf, beach access, children’s facilities, or organized destination activities.
Luxury positioning does not establish a universal experience or rating. Many Royal Tulip hotels are presented as five-star properties in their local markets, but star systems are administered at property or jurisdiction level. A five-star designation in one country may rely on criteria different from those used elsewhere. Royal Tulip should not be assigned a single worldwide star rating independent of its individual hotels.
The portfolio also spans several subsegments. Some properties are urban business hotels, while others are destination resorts or residential-style operations. The unifying feature is not one building type but a higher level of space, facilities, and service than the group’s more accessible brands. In markets where local hotel supply is uneven, an internationally distributed full-service brand can also offer owners and guests a recognizable operating framework.
7. How Is Royal Tulip Positioned in the Market?
Royal Tulip is positioned as the luxury tier of Louvre Hotels Group’s Tulip family. Its principal internal comparison is Golden Tulip. Golden Tulip generally serves the upscale full-service market, while Royal Tulip is intended for hotels with more elaborate physical products, higher service expectations, and broader dining, events, wellness, or leisure facilities.
The brand competes through a combination of international affiliation and local individuality. It is less geographically extensive than the largest multinational luxury chains, and its hotels are not designed around a single architectural prototype. This can produce distinctive properties that reflect local development conditions, but it can also create more variation between hotels than travelers might encounter in tightly standardized brands.
Functionally, Royal Tulip offers accommodation supported by the facilities needed for several demand sources. A city hotel may serve corporate travelers during the week, social events and weddings on weekends, and leisure visitors during holiday periods. A resort may combine vacation demand with conferences, golf groups, or family travel. This mixed-use commercial role is important to the brand’s position.
Emotionally, the Royal Tulip name is intended to signal a step above conventional upscale lodging. The “Royal” modifier separates it from Golden Tulip and suggests a more formal or expansive hospitality experience. That signal is a matter of brand positioning, not proof that every property offers identical service intensity or exclusivity.
Royal Tulip is generally more accessible and owner-adaptable than small ultra-luxury brands centered on highly personalized service, very low room counts, and controlled expansion. Its proposition is broader: internationally branded luxury hotels with substantial facilities, often at a scale capable of serving business travelers, families, events, and organized groups as well as individual leisure guests.
8. Where Does Royal Tulip Operate?
Royal Tulip operates in a selective collection of markets rather than through a uniformly distributed global network. Its geographic reach has included properties in Asia, the Middle East, Africa, Europe, and Latin America. The exact portfolio changes as hotels open, close, or change brand affiliation.
Asia and the Middle East
Royal Tulip’s Asian and Middle Eastern presence reflects Louvre Hotels Group’s owner relationships and Jin Jiang International’s wider regional reach. The brand has appeared in markets including India, Indonesia, Oman, Lebanon, and Iraq, among others. Properties in these markets frequently combine business accommodation with weddings, conferences, dining, and leisure demand.
Africa
In Africa, Royal Tulip has operated in selected commercial capitals and resort-oriented destinations. Examples of important markets have included Kenya, Morocco, and Tunisia. African properties can serve a mix of domestic business, government, international corporate, conference, and inbound leisure demand.
Europe
The European footprint is comparatively focused. Royal Tulip has operated properties such as residential-style accommodation in Warsaw, illustrating that the brand can be used for extended-stay or apartment-led formats as well as conventional hotels. Europe is also important institutionally because Louvre Hotels Group administers the brand from the greater Paris area.
Latin America
Brazil is Royal Tulip’s principal Latin American market. The brand has been associated with prominent full-service hotels in destinations such as Brasília and Ribeirão Preto, as well as other Brazilian locations. These properties illustrate the brand’s ability to serve government, corporate, events, and leisure demand within the same hotel.
The portfolio should not be interpreted as equally strong in every region. Royal Tulip’s presence is often concentrated in individual countries or owner-led clusters. Announced developments also should not be counted as operating hotels until they open. Strategically, the brand is best viewed as an international but selective flag used where a full-service luxury proposition fits local investment and demand conditions.
9. What Does Royal Tulip Provide?
Accommodation
Royal Tulip hotels generally provide guest rooms and suites with the space, furnishings, and in-room features expected of a luxury full-service property. Depending on the hotel, the inventory may include executive rooms, family accommodation, multi-room suites, serviced apartments, or resort units. Room design is property-specific, so there is no single Royal Tulip interior applied worldwide.
Dining and beverages
Restaurants and bars are central to the brand’s full-service model. Many properties offer all-day dining, specialty restaurants, lounges, breakfast service, and in-room dining. Larger hotels may use their restaurants to attract local residents as well as overnight guests. Cuisine and outlet concepts normally reflect the destination and the individual property’s market rather than a universal Royal Tulip restaurant format.
Wellness and fitness
Fitness centers, swimming pools, spas, treatment rooms, saunas, or other wellness facilities are common, particularly at resorts and larger urban hotels. Their scale differs considerably. A resort may have an extensive spa and several pools, while a business-focused city hotel may provide a gym and a smaller wellness area.
Leisure and recreation
Leisure facilities depend heavily on location. Resort properties may offer golf, beach access, children’s activities, water recreation, landscaped grounds, or destination excursions. These should not be assumed at an urban Royal Tulip. Golf, for example, is a defining element at certain resort properties but is not a brand-wide amenity.
Meetings, events, and celebrations
Meeting and event space is one of the brand’s more consistent commercial characteristics. Properties may provide boardrooms, conference rooms, ballrooms, wedding venues, audiovisual services, and event catering. The combination of rooms, dining, and function space makes many Royal Tulip hotels relevant to corporate meetings, government events, weddings, and social celebrations.
Guest services
Common services include front-desk support, housekeeping, luggage assistance, guest relations, concierge-style destination guidance, transportation arrangements, and laundry. Some properties may offer executive lounges, valet parking, airport transfers, or more personalized services. Availability and whether a service is complimentary depend on the individual hotel.
Digital booking and loyalty
Royal Tulip benefits from Louvre Hotels Group’s reservation, direct-booking, and customer-recognition infrastructure. Guests can search across the portfolio and may receive group loyalty benefits when eligible. Program conditions, participating rates, and property-specific recognition can change, so loyalty participation should be confirmed when booking.
10. Why Do Guests Choose Royal Tulip?
Travelers do not all select Royal Tulip for the same reason. Based on the brand’s observable portfolio and proposition, several factors may make it relevant to particular trips.
1. Extensive full-service facilities
One reason travelers may choose Royal Tulip is the availability of accommodation, dining, wellness, meetings, and leisure facilities in one property. This is particularly useful to guests attending conferences, weddings, or resort stays who prefer not to rely on external venues for essential services.
2. Larger rooms, suites, or residential options
Royal Tulip properties frequently emphasize spacious accommodation and higher room categories. Suites and apartment-style units can appeal to families, senior corporate travelers, longer-stay guests, and people who need separate living and sleeping areas. The exact room proposition remains hotel-specific.
3. Locations serving both business and leisure trips
The portfolio includes commercial cities, government centers, regional business markets, and resort destinations. A Royal Tulip can therefore be relevant to a corporate traveler requiring meeting facilities, or to a leisure guest seeking pools, wellness, golf, or destination access.
4. International branding with local variation
Some guests value the reassurance of an international reservation platform and recognizable hotel family while still wanting a property that reflects its local market. Royal Tulip’s operating model allows more variation in architecture, cuisine, and resort programming than a rigidly standardized chain might permit.
5. Event and group capabilities
Ballrooms, meeting rooms, catering, and group accommodation are important reasons for meeting planners and wedding organizers to consider the brand. A full-service property can simplify contracting by combining bedrooms, food and beverage, function space, and guest logistics.
6. Dining and leisure beyond the room
Travelers who expect a hotel to function as more than a place to sleep may value multiple restaurants, lounges, pools, spas, or landscaped recreation areas. These features are especially relevant in destinations where guests spend substantial time at the property.
7. Access to Louvre Hotels Group’s commercial ecosystem
Direct booking, group distribution, and loyalty recognition may influence travelers already familiar with Louvre Hotels Group. Royal Tulip gives such guests an option at the upper end of the group’s portfolio. The practical value depends on the rate, destination, program status, and participating hotel.
11. Who Does Royal Tulip Serve?
Affluent leisure travelers and couples
Leisure guests may use Royal Tulip for resort stays, city breaks, golf trips, wellness travel, or special occasions. They are likely to value suites, restaurants, pools, spas, destination access, and the ability to spend meaningful time within the hotel environment.
Business and government travelers
Royal Tulip’s city hotels serve executives, project teams, government-related travelers, and other guests who need reliable accommodation near commercial or administrative centers. Meeting rooms, business services, transport arrangements, dining, and larger room categories are particularly relevant to this segment.
Meetings, groups, and event guests
Corporate groups, conference delegates, wedding parties, and social-event attendees form an important audience for properties with ballrooms and substantial function space. Organizers may select a Royal Tulip when they need lodging and event facilities under one operating arrangement.
Families and multigenerational groups
Families may be attracted by larger rooms, suites, pools, resort grounds, varied dining, and children’s activities where available. Royal Tulip is not exclusively a family brand, and specific facilities should be checked by property, but full-service resorts can address the practical needs of multigenerational travel.
Long-stay and residential guests
Apartment-style Royal Tulip properties serve guests who need more space and residential functions than a conventional room offers. Relevant users can include relocating employees, project-based professionals, extended-stay business travelers, and families requiring kitchen or living facilities.
These audiences overlap. A corporate guest may extend a trip for leisure, while a resort may host a conference or wedding. The brand’s ability to combine several demand segments helps explain why its hotels often include a broad range of facilities.
12. What Defines the Royal Tulip Guest Experience?
The Royal Tulip experience is defined primarily by full-service breadth rather than one signature ritual. Guests generally encounter a staffed arrival environment, formal reception services, furnished public spaces, on-site dining, and a range of room categories. Larger hotels may have prominent lobbies designed to handle groups and social activity as well as individual arrivals.
Rooms and suites are expected to represent a step above the typical Golden Tulip product in space, finish, or amenities. However, the portfolio’s varied ownership and development history means there is no single universal design language. A contemporary serviced apartment in a European capital can look and function differently from a golf resort in Indonesia or a convention-oriented hotel in Brazil.
Staff interaction usually follows an international full-service model, including front-desk assistance, housekeeping, food and beverage service, and guest relations. The degree of personalization may depend on hotel scale, staffing, market conditions, and room category. Royal Tulip should not automatically be equated with the highly staff-intensive model of a small ultra-luxury resort.
Dining, wellness, events, and recreation extend the journey beyond the guest room. At a resort, the experience may center on pools, landscapes, golf, or spa treatments. At an urban property, meeting facilities, transport access, restaurants, and work-friendly accommodation may matter more. Loyalty recognition and direct-booking benefits provide another layer, but they do not eliminate differences among properties.
13. What Distinguishes Royal Tulip from Other Hotel Brands?
Its role as Louvre Hotels Group’s top tier
Royal Tulip has a clearly defined portfolio function. It gives Louvre Hotels Group a luxury full-service flag above Golden Tulip, allowing the group to serve owners and guests whose requirements exceed an upscale proposition.
A geographically selective portfolio
The brand is international without being ubiquitous. Its presence in markets such as Brazil, North and East Africa, the Middle East, South and Southeast Asia, and selected European cities differs from the dense coverage of the largest global luxury chains. This produces a more destination-specific footprint.
Flexibility across hotel formats
Royal Tulip can appear on urban hotels, resorts, golf properties, conference hotels, and serviced apartments. That flexibility distinguishes it from brands built around one narrow format, although it also means guests should examine the individual hotel’s offering carefully.
Combination of brand infrastructure and local ownership
The model combines Louvre Hotels Group’s name, distribution, and operating framework with investment by local property owners. The resulting hotels can retain strong local characteristics in design, cuisine, and facilities rather than reproducing an identical global template.
Facility-led luxury
Royal Tulip’s luxury proposition is often expressed through physical space and breadth of facilities: suites, restaurants, spas, pools, ballrooms, golf, or resort grounds. It is less narrowly defined by intimate scale or highly standardized personalized rituals. That makes it particularly relevant to mixed-use hotels serving leisure, business, meetings, and social events.
14. How Should Royal Tulip Be Understood Today?
What remains central
Royal Tulip remains the upper tier of the Tulip brand family. Full-service operations, substantial accommodation, multiple revenue-generating facilities, and the capacity to serve several traveler types remain central to its identity. Its Golden Tulip heritage is still evident in the name and in its owner-partnership approach to expansion.
What has changed
The brand has moved through significant corporate transitions. It began under Golden Tulip Hospitality in the Netherlands, joined Louvre Hotels Group after the 2009 acquisition of Golden Tulip’s brand and franchise activities, and became part of Jin Jiang International in 2015. Its geography and property formats have also broadened beyond a conventional European hotel-chain model.
Distribution, loyalty, and development are now connected to a much larger hospitality organization. At the same time, individual hotels remain shaped by local ownership, destination economics, management arrangements, and property-specific investment.
What the name signals today
Analytically, the Royal Tulip name signals a luxury full-service hotel affiliated with Louvre Hotels Group, generally offering more extensive rooms, dining, meetings, wellness, and leisure facilities than Golden Tulip. It does not necessarily signal a uniform building style, a single global star classification, or identical service at every location.
Important limitations
Royal Tulip is international but not evenly global. It is a luxury brand, but its properties can differ materially in age, scale, service intensity, and amenities. It belongs to a large hospitality family, but the parent company does not necessarily own each hotel’s real estate. Understanding a specific Royal Tulip therefore requires consideration of both the brand promise and the individual property.
15. Frequently Asked Questions
When was Royal Tulip founded?
Royal Tulip was introduced in 2006. This date is distinct from Golden Tulip’s origin in 1962 and from Louvre Hotels Group’s later acquisition history. Royal Tulip was created as a luxury extension of the existing Tulip hotel family.
Who founded Royal Tulip?
Golden Tulip Hospitality founded Royal Tulip as a corporate brand. Public brand histories do not consistently identify one individual founder. The organization created Royal Tulip to provide a higher-tier option above Golden Tulip and Tulip Inn.
Who owns Royal Tulip?
Royal Tulip belongs to Louvre Hotels Group, which is ultimately part of Jin Jiang International. This refers to ownership and control of the hotel brand. Individual Royal Tulip buildings may be owned by independent investors or local hotel companies.
Is Royal Tulip a luxury hotel brand?
Yes. Royal Tulip is positioned as Louvre Hotels Group’s luxury full-service brand. Many properties are marketed as five-star hotels, but ratings are assigned locally and should be verified at property level rather than assumed across the whole portfolio.
How is Royal Tulip different from Golden Tulip?
Royal Tulip occupies a higher portfolio tier. Its properties generally provide more elaborate accommodation, broader dining choices, and more extensive events, wellness, or leisure facilities. Golden Tulip is normally positioned in the upscale full-service segment.
Where does Royal Tulip operate?
Royal Tulip operates selectively across Asia, the Middle East, Africa, Europe, and Latin America. Important markets have included Brazil, Poland, India, Indonesia, Oman, Lebanon, Kenya, Morocco, and Tunisia, although the active portfolio changes as hotel agreements begin or end.
What types of hotels use the Royal Tulip brand?
The portfolio includes urban full-service hotels, resorts, golf properties, conference-oriented hotels, and serviced accommodation. Amenities vary, but rooms and suites, restaurants, event venues, fitness facilities, pools, and spas are common across many properties.
Does Royal Tulip participate in a loyalty program?
Royal Tulip participates in Louvre Hotels Group’s wider direct-booking and loyalty ecosystem. Benefits can depend on membership status, rate eligibility, market, and hotel participation, so guests should review current terms for the property and booking channel they plan to use.