Formed less than three years ago, Mayfair Buying Group is a consortium of nine UK hotel groups' procurement departments. With a combined annual spend of in excess of £220 million, the operational budgets of the group has created a significant purchasing force within the UK. By aggregating volumes and making combined purchases for supplies such as food, beverages and disposables, the consortium is able to save significant amounts of money in comparison to the costs available to members should they make separate equivalent purchases.

 

The group, so-called because its first meeting took place in Mayfair, was initially managed by an independent consultant because all of its members were in essence competitors. However, due to the success of the syndication, Mayfair Purchasing Group recently recognised that the strong levels of cooperation and cohesive thinking between the respective members meant that the requirement to outsource its management had become redundant – and in a zealous move, the group now administers itself.

We are delighted to confirm that Park Plaza Hotels have joined the Mayfair Group.                                                                                                                                                                            Taking into consideration the dynamics and complexities of the hotel industry, which differ from most other commercial operations; the fact that eight competitors are able to work together for the greater good, including overseeing their own management, is an indication that Mayfair Purchasing Group is  to        play a significant part in the future of industry.