CVGR Full Form In Hotel

What is the Full Form of CVGR in Hotel?

CVGR Full Form in Hotel is Company Volume Guaranteed Rate. The hotel will provide a company with a (CVGR) letter if the company agrees to utilize the hotel’s services on a regular basis and if the hotel agrees to provide a lower rate for these frequent bookings.

What else should you know about CVGR?

Hotels may provide a discounted rate (compared to the standard rate) to attract business from a specific market niche, such as corporations. In some cases, a corporation and a hotel will enter into a contractual agreement that allows the firm’s representatives to receive a lower rate at the hotel. The discount % will be based on the agreed-upon amount of business and the understanding among the hotel and the enterprise.