Merchants involved in the hotel industry know it can be challenging to obtain a travel merchant account. Even large hotel brands are labeled as “high risk.” Traditional banks, worried about risk and legal exposure, try to stay away from high-risk businesses. Data Breaches in the Hotel Industry The hotel sector has experienced well-publicized data breaches in recent years. Particularly, Hilton Worldwide,...
“Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.” – Carlos Slim Merchants in the hotel industry should take control of their credit card processing performance and find the right merchant account provider that would give them the best available terms of service. Hotel Card Payment Authorization Through authorization, card issuers approve or decline...
After being in a slump, the hotel industry is finally seeing an upsurge. Experts are saying the shift is due to several factors such as; the economic recovery, easier and less expensive hotel bookings, changes in demographics, demand for more properties, and international demand. A recent Forbes report shows that hotel owners are making more revenue per room. Occupancy rates...
Booking-dot-what? Online traveling booking is hot right now, thanks to many discount travel apps and websites. According to a recent survey, nearly 180 million people visited travel websites in June 2015. This number is huge, and it is expected to rise in the coming months. The prices are great, and the service is quick, but are these websites really worth...
We have seen the commercials and online ads for booking websites. These websites promise to book your hotel room, rental car, and airplane ticket for a fraction of the original fee. While most of these sites are legit, and there are few problems with consumers, the hotel and airline industries hate these sites. They cost them money, as people are...
The Hard Rock Hotel & Casino Las Vegas was the latest large chain to be the victim of a malware attack. Officials are afraid that the malware may have made consumer information vulnerable to hackers. In light of the recent major breaches that occurred in Target, Home Depot, and others the company is taking the threat seriously and working to...
Do you have a small hotel but, can’t find a payment processor to help you fulfill your dream? Unfortunately, if you have a boutique hotel, or bed and breakfast, you may not be able to find a payment processor to handle your account, as investing in new hotels is considered high risk. Luckily there are some online payment processors who...
The latest business hit hard by a major security breach hails from the hotels industry: Mandarin Oriental. The hotel chain suffers from an issue common to hotels and data security. From the time when a card is swiped and the payment processing is under-way, the customer’s information becomes vulnerable due to outdated payment hardware and payment gateways. Now, more than...
