credit card transaction fees

/Tag: credit card transaction fees

credit card transaction fees

Revenue Is Rising, But Collecting Is More Challenging

Robert Mandelbaum | April 18, 2019

By Robert Mandelbaum According to STR, U.S. hotels achieved all-time high levels of occupancy, ADR, and RevPAR in 2018. While a record number of guests are staying at hotels, and revenues are flowing in, the ability to collect these funds is starting to become more of a challenge. Per the Uniform System of Accounts for the Lodging Industry, an account entitled "Provision for Doubtful Accounts" has been established in the Administrative and General Department of a hotel operating statement. Each month, hotel managers estimate the portion of their property's receivables that they do not believe will be collectible. The Provision for Doubt...

The Secret to Saving Money on Credit Card Transaction Fees Without Changing Your Bank

Independent Merchant Group | May 22, 2014

Tips from The Breakers and Mohonk Mountain House that Can Save You 20-65% Mineola, NY -- May 22, 2014: More than 80% of hotel revenue was generated by credit card usage in 2010*; every swipe of the card -- room, food, nightclub tab, spa treatment -- means a fraction of that charge is paid to the credit card transaction processor. Surprisingly, few hotel finance managers carefully review their credit card transactions agreement in the years after signing these contracts. The hotel's subsequent expansion might mean it has outgrown the rates and fees negotiated much earlier. These agreements might force the hotel to pay excessive rates tha...

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.