What Is OTA Reconciliation for Hotels?
OTA reconciliation connects the reservation the hotel serviced with the financial result the OTA and payment process produced.
Read articlePractical guidance on OTA reconciliation, virtual cards, commissions, payment processing, accounts payable and the financial gaps that can survive a normal hotel close.
OTA reconciliation connects the reservation the hotel serviced with the financial result the OTA and payment process produced.
Read articleA completed OTA stay can still leave valid virtual-card value uncollected.
Read articleCommission should follow the valid final stay, not simply the reservation value when it was first booked.
Read articleAccounting can balance around what happened even when the underlying economic outcome was wrong.
Read articleDuplicate hotel vendor payments can be posted correctly and still represent the same economic obligation paid twice.
Read articleProcessor reconciliation narrows a complex statement to charges that can actually be tested against verified terms.
Read articleRevenue management and revenue recovery protect different parts of hotel profitability.
Read articleThe booking can be profitable while the final financial settlement still leaks value.
Read articleOTA reconciliation works best when the hotel can connect the final stay, OTA financial record and payment outcome.
Read articleNo required integration does not mean every recovery report should wait until month-end.
Read articlePrevention and recovery solve different parts of the AP problem.
Read articleCash recovery and future savings are both useful, but they are not the same financial result.
Read articleTravel commission should follow the final eligible stay, not an outdated reservation snapshot.
Read articleRecovery quality depends on proving the dollar, not producing the most exceptions.
Read articleSee the recovery opportunity in your own financial data before deciding whether to authorize InnRecon to pursue it.