What's Happening?
DayBlink GPO, a leading hospitality buying consortium, has announced a strategic partnership with OneJourney, an embedded-payments company. This collaboration aims to provide over 1,100 luxury independent hotels with a new revenue stream through the SwiftPay
platform. SwiftPay allows hotels to transform routine supplier and operating payments into a recurring income stream, while automating back-office tasks. This initiative is part of DayBlink's mission to help independent hotels compete with major brands by improving profitability and revenue growth. The partnership will enable hotels to earn cashback on eligible spend and benefit from AI-driven invoice and reconciliation automation.
Why It's Important?
This partnership is significant as it offers luxury independent hotels a competitive edge in the hospitality industry. By turning everyday payments into a revenue source, hotels can enhance their financial performance without additional costs or risks. This initiative could lead to increased profitability for independent hotels, allowing them to compete more effectively with larger hotel chains. The collaboration also highlights the growing importance of technology in streamlining operations and generating new revenue streams in the hospitality sector.
What's Next?
The rollout of the SwiftPay platform to DayBlink's member hotels is expected over the coming months. The companies plan to collaborate on educational initiatives, events, and co-marketing efforts to promote the benefits of the platform. As hotels adopt this new payment system, it could lead to broader industry changes, encouraging other independent hotels to explore similar revenue-generating opportunities.
