HTT 607 Lecture Notes - Lecture 9: Liquidated Damages, Poison Control Center, Debt Management Plan

• School: Ryerson University
• Department: Hospitality and Tourism Management
• Course: HTT 607
• Professor: Judy Healy

Document Summary

Protect your client: read the fine print. Htt607 week 9: ensure that there are no (cid:498)hidden fees(cid:499, ensure the supplier cannot (cid:498)bump(cid:499) you for a more profitable event, ensure you are notified of any possible renovations remove the grey. Risk any condition or occurrence that may affect the outcome of an event: change revenue or profit to reduce your liquidated damages if cancelling more than a month prior to the event. Risk factors: sale and consumption of alcohol, weather conditions, over-capacity crowds, unlawful acts, not compiling to laws and regulations, dangerous or hazardous activities, theft, fire, physical illness, etc. Risk analysis the process by which a planner decides what actions they dare to take: possible outcomes, probability vs. Risk management the process of making and carrying out decisions that minimize the adverse effects of potential losses of an event. Consider risk management in all aspects of coordination: safety, finance, liability, human resources, legislation.