5 Must-Know Strategies about Hospitality Payments with Stripe

Key takeaways

Leverage "Point of Sale" Psychology

To maximize guest spend, the video suggests moving beyond just the initial booking fee. By integrating modern payment options at every touchpoint, you can significantly increase the "Total Guest Value":

Pre-arrival Upselling: Offering room upgrades or equipment rentals (like bikes or firewood) via automated emails before the guest arrives.

Frictionless Payments: 

Embracing modern options like Apple Pay, Google Pay, and "Buy Now, Pay Later" (Affirm/Klarna) can increase conversion rates by making the checkout process feel instantaneous and less financially daunting.