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Five Ways Hospitality Benefits from Payment Automation

Modern Restaurant Management

For years, hospitality businesses including restaruants have faced the challenges of using a paper-reliant process for both domestic and international payments. Accounting teams use more paper than they often realize. Accounting mistakes happen, and they can be very painful and time-consuming to track and reverse.

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Starting a New Hotel: From Groundwork to Guestbook

Hotelogix

Key Considerations for OTA Accounts Pictures : High-quality, professional images of your rooms, amenities, and surroundings can significantly impact your listing’s performance. For example, if your hotel is in India, OTAs like MakeMyTrip or Goibibo are widely trusted by domestic travelers.

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The rise of staycations: how UK hotels can capitalise on domestic tourism

Hotel Owner

It is estimated that in 2021 alone, domestic travel accounted for 96% of the UK’s total travel and tourism expenditure while two years prior, in 2019, it represented 81% of the total expenditure. In 2023, the share of Britons taking a domestic summer holiday, or staycation, in the UK increased by 50% compared to the previous year.

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Economic volatility spells rise in friendly fraud for hotels

Hotel Owner

Critically, friendly fraud is already far from rare, but studies show that it may in fact be increasing as consumers come to terms with depleted savings accounts and particularly volatile economic conditions.

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Inflation is No Deterrent for the Majority of Travellers

InnQuest

The segment of customers that are apprehensive about the increased cost of travel are not necessarily going to avoid it altogether; instead, there may be a rise in domestic travel as many countries saw during the pandemic. Auto pre and post stay emails and full guest communications. International Travel.

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Golden goals

Boutique Hotel News

The top five destinations generating reviews on TripAdvisor pre-tournament have been domestic stays (28.23 Kostas Nikolaidis, STR’s account executive for the MEA region says: “There is no doubt that Qatar hotels will enjoy record-breaking performance for the upcoming World Cup period. per cent), the US (17.23 per cent), UK (8.47

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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Reduce portion sizes slightly to maintain menu prices but account for increased costs. Talk to your bank — be proactive in communications and provide timely, accurate financial information if trying to secure or increase a line of credit. Typically 25 percent of line items produce 90 percent of revenue.

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