POLICY
1. All barter agreements must be approved in accordance with the Dusit Authorization Policy on such matters.
2. The barter agreement must be signed by the General Manager and witnessed by the Director of Finance or Financial Controller and the relevant member of the EXCOM Team. Once signed, a copy of the agreement must be sent to the relevant department for follow up and filing.
3. The value of the exchange must be clearly stated in the agreement together with a clearly defined termination date not exceeding 12 months. The value assigned as the barter cost should be an average of the market rate for similar accommodation (average rate on a year-to-date basis) or food and beverage provided at the hotel (average check on a year-to-date basis) and must include service charge and applicable taxes. When rooms are part of a barter transaction, they are counted as occupied rooms for statistical purposes.