What's Happening?
RobosizeME, a provider of AI-enabled workflow automation solutions for hotel groups, has announced a webinar titled 'Recover Lost OTA Revenue with Automated VCC Reconciliation.' The session aims to address
the financial challenge of revenue loss due to inconsistencies in OTA virtual credit card payments. The webinar will demonstrate how automated reconciliation can replace manual verifications, flag discrepancies daily, and prevent revenue leakage across OTA bookings. According to RobosizeME, hotels may lose between 1-2% of OTA revenue monthly due to undetected inconsistencies, with manual checks taking up to 30 minutes per OTA, per day, per property. The webinar will explore how these gaps occur and how automation can provide a systematic way to monitor OTA VCC transactions.
Why It's Important?
The significance of this development lies in its potential to enhance financial efficiency and revenue protection for hotels. By automating the reconciliation process, hotels can save significant time and resources, allowing finance teams to focus on more strategic tasks. The ability to detect and address discrepancies in near real-time can lead to substantial financial recovery, as evidenced by a case where a four-star hotel recovered over EUR 100,000 in city tax through manual reconciliation. Automation in this context not only reduces manual labor but also increases accuracy and scalability, which is crucial for hotel groups managing large volumes of OTA transactions.
What's Next?
The webinar is intended for hotel finance leaders, revenue managers, operations teams, and group-level executives responsible for payment accuracy and OTA management. Participants will learn how automated reconciliation can support daily monitoring, discrepancy detection, and revenue recovery. The session will provide practical insights into reducing manual work and protecting revenue, which could lead to broader adoption of automation technologies in the hospitality industry.
