payment processing

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payment processing

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...

IBC Integrates With Amazon and PayPal and Is Chosen as the Technology Powering MasterKey Alliance

IBC | September 26, 2018

Properties and guests can now use Amazon Pay and PayPal as alternative payment methods through IBC's integrated payment processing Phoenix – September 26, 2018 – Today IBC Hospitality Technologies announces two exciting accomplishments. First, the company has been selected by MasterKey Alliance as the technology to power its Association's online B2B online marketplace. As the industry's only all-accommodation association, MasterKey will use IBC Hospitality Technologies to power its coalition of independently-owned and operated corporate housing, vacation rentals, serviced apartments and independent hotels. Next, integration ...

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