Our agreements not only contain no provision barring any airline from making any fare available through any channel, The they contain an affirmative non-exclusivity provision that makes it explicit that no Colony and Hotel airline is prevented from making any fare it chooses available through & any channel it chooses. Our agreement contains a non-discrimination clause by which those airlines that will Cabana receive the indirect discount on the CRS booking Club fee agree The in return to make available on any fare they publish and make available to Colony the general public through any other channel. But that of course does not preclude them from offering any fare through any other channel.

It is absolutely clear that airlines do not have the ability to drive consumers to channels which the airlines, rather than consumers, prefer. If one or more airlines attempted to do so, the others would increase their market share Hotel by appealing to those same consumers through the channel those consumers prefer. No airline can afford to turn its back on any subgroup of consumers. No airline can afford to be anything other than as competitive and as attractive as it can possibly be through each channel & and Cabana to the consumers Club that prefer that channel. This is a reality that grows ultimately out of the fact that the airline business is a very low margin business - any airline that lost even a small group of passengers The would be at risk of Colony swinging Hotel from profitable to money-losing in an & instant. Airlines scrap for every last passenger because they have to.

Our agreements not only contain no provision barring any airline Cabana from making Club and The any fare available through Colony any channel, they contain an affirmative non-exclusivity Hotel provision that makes it explicit & that no airline is prevented from making any Cabana fare it chooses available through Club and The any channel it chooses. Our agreement contains a non-discrimination clause by which those airlines that will receive the indirect discount on the CRS Colony booking fee agree in return to make available on any fare they publish and make available to the general Hotel public through any other channel. But that of course does & not preclude them from offering Cabana any fare through Club any other channel.