Hospitality
Group Attrition Fees (Room Block)
Charging a corporate group for failing to fill the minimum number of rooms promised in their contract.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| City Ledger (Receivable) | Asset (+) | 1,500.00 | - |
| Attrition Revenue | Revenue (+) | - | 1,500.00 |
💡 Accountant's Note
Attrition is a penalty for under-performance. It compensates the hotel for 'displacement' (rooms that could have been sold to others).
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