Instant Payments Book a Long Stay With Independent Hotels
Small Business Real-time Payments Barometer: Hospitality Edition
Many independent hotel chains have adopted instant payment methods, and the overwhelming majority of these SMBs expect to send more of them in the next year. What factors make instant so attractive to this segment? PYMNTS Intelligence’s latest 45-page report, “Small Business Real-time Payments Barometer: Hospitality Edition,” a collaboration with The Clearing House, features 11 figures of exclusive data revealing key insights industry players need to stay competitive.
Inside the July Study
- 83%: Share of hospitality SMBs that used instant payments in the last year
- 57%: Share of hospitality SMBs that sent instant payments that cite risk reduction as a key reason
- 82%: Share of hospitality SMBs that mainly use instant payments that report very or extremely healthy balance sheets
