Hotel with book now pay later is more popular among customers. Nowadays guests love booking hotels first and pay it later. With this function, most hotel can boost their sales.
Whether you are a hotel manager, or being in charge of Hotel management, hotels have a better solution to manage the online booking. With the help of ‘book now pay later‘, each guest gain a better customer experience.
In fact many hotel guests would like to stay longer. But how can you help them book the hotels on a tighter budget. Especially during this coronavirus hard period.
No doubt every hotels would like to get more leads online, but how? A solution that can help you boost sales is your hotel can offer various payment methods, like Passpay or ‘book now pay later‘. In this regards, your guests can have a another option to enjoy their holiday first without any worries.
Why hotels should offer ‘book now pay later’ option?
Here are reasons why hotels with ‘book now pay later’ can boost sales.
1. Gain more generation of leads
Besides retail industry, guests prefer to make purchase with installment plans.
Hotels can offer the installment payment option ‘Book Now Pay Later’ to attract more leads online. Guests can order different services from hotel, so they can enjoy some VIP services at present too.
Before customers book their hotel, they may search which hotels offer this ‘Buy Now Pay Later’ option. If your hotel provides this function, then you can get more potential leads.
2. Guests may stay longer in your hotels
According to some researches, Hotel Managers find customers would like to stay longer or spend more money with Paylater.
In fact, ‘book now pay later’ is a win-win solution to both Hotels and guests. With ‘book hotels now pay later’, guests can enjoy what they want first without any payment. Meanwhile hotels can get paid upfront.
Most hotels indicate they have a obvious increase since they started to offer ‘book now pay later’. 80% of hotel customers will try to pay their bills in monthly installment plan.
While avoiding pay the larger bill at one time, guests may consume more hotel services. Hence hotels can get more payment with more sales too.
3. Hotel guests prefer more payment methods
No matter which payment methods hotel offers, most hotel guests prefer they have more options. Customers will appreciate hotels offer another choice, so they can choose to make a one-time payment or pay it off over installments.
More payment methods mean hotels are trying to simplify their sales management and the booking process. Guests can make purchases offline and book hotels online more easily.
According to the market report, 60% guests expect that hotels can offer different payment methods before checkout. Actually 50% guests will leave the booking page if they think they could not afford the hotel booking. But if hotels offer ‘book now pay later’ option, then most guests will finish the booking.
4. Lower Hospitality Management Fees
Before using ‘Book Now Pay Later’, most hotels offer payment methods like credit cards.
But credit cards may increase some admin fees. For example, hotels may need customer-service staffs to chase the payment once guests’ credit cards are expired. Contrarily, you do not need to worry about the payment with Paylater, because you can get paid upfront. With the help of ‘Book Now Pay Later’, hotels can decrease the return rates of booking, and ensure your revenues.
Once guests book your hotels through Paylater, you can get paid upfront immediately. Paylater offers you the hotel booking solution, and takes all the risks instead of yours.
5. Efficient payment method both online & offline
‘Book now pay later’ option is not only for online booking but also offline booing at the front desk.
While guests who have already stay at the hotel want to stay longer, they may just book another few days at the front desk. With Paylater, hotel guests can book the hotels online or offline at any time, even they do not have a Visa or Master credit card.
Paylater by Passfeed can use both online and offline through various devices. Hotels just need to focus on the increase of sales.
How hotels offer ‘book now pay later’ option?
Sure hotels can find various ‘book now pay later’ payment gateways in the market, like Paylater.
With Paylater by Passfeed, hotels can set the payment in installment plans. Once your guests finish their online booking or offline booking, you can receive the payments. During the installment period, your guests do not need to pay anything. Even they do not need to pay any interest fees, if they pay the bills on time.
It’s so easy for hotels to apply Paylater by Passfeed, which can use on your checkout page, or Mobile APP. Paylater takes care of your banking, transaction, online booking, sales process, you need not worry about anything.
Provide ‘book now pay later’ option to improve your customers experience
‘Book now pay later’ option benefit both hotels and guests, especially Paylater by Passfeed. Million of hotels have offered this payment methods to attract more potential customers and increase their sales.
Moreover, hotels with ‘book now pay later’ option are more popular all over the world. With Paylater payment method, hotels can gain an affirmative word-of-mouth recommendations.
Of course guests will share their comments online, and Paylater offers your customers a better experience. After that your hotel can earn a chance to get a better review online.
Last but not least, Paylater will help you simplify your Hospitality management. Just add this blog to your book mark, then you can get our latest tips & trends about hotel industry.
2 thoughts on “How Hotel Book Now Pay Later can increase your sales”