Travel & Hospitality

Your business is to take people on adventures, our business is to help you get them there. When you are in the business of travel and hospitality, you are less in the business of places and more so in the business of people. Their comfort, safety and convenience are your key concerns. In hospitality there are various expenses such as staff costs, food and beverages and utilities that need regular maintenance.

The travel and hospitality cash advance is the ideal finance opportunity to stay on top of your expenses. We are aware that tourism sees a major peak during the year end holidays and majority of your income is achieved during this time. Considering this, you could take advantage of our option of split processing which allows you to pay off your funding through different methods and in a varying amount that is convenient for you.

Opportunities to grow your business, with a Merchant Capital Cash Advance

Training staff: Ensure that you staff is well equipped to handle any customer you may have. Regular training sessions are valuable in maintaining an experience for your customer that is both of high quality and consistent across the staff members.
Technology: Investing in technology that could assist in making your business processes easier. Consider online booking platforms and programs that make managing your staff more efficient.

Seasonality

The holiday season: In South Africa the major school holidays and Christmas holidays fall in Summertime. During this time, we see an influx of holiday makers travelling down to the coast to destinations like Cape Town, Plettenberg Bay and Durban. In many cases, the tourism during this time can increase anywhere between 150% to 300% as seen in previous years. This trend is a yearly occurrence and therefore easy to predict and prepare for.

Travel & Hospitality

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