Hotel cashflow management: importance & strategies
💰 Hotels must manage cashflow by balancing direct bookings and OTAs, automating payments, and diversifying revenue streams. By 2030, direct bookings could surpass OTAs with $400 billion in revenue. Challenges include VCC delays and seasonality, while strategies like maintaining a cash reserve and optimizing costs enhance liquidity. Cashless payments support financial flexibility, crucial amid economic uncertainty.
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