A guest who is not given any credit facility in the hotel.
Answers
Answer:
The Meaning of Credit Control
Credit control refers to the various measures taken by a hotel to ensure that guests settle their accounts in full at an agreed time. Controlling credit is the responsibility of the credit manager or clerk, who is a member of the accounts department.
Answer:
In many hotels, guests are not allowed to enjoy the hotel facilities on credit, because some hotels get their full payment only after a guest is departed and this is as per the agreement with the corporate offices and travel agents. But such cases the hotel owners face a loss of revenue to avoid such cases it is called Credit Control.
Explanation:
Cash flow is a significant term for maintaining in and out of cash in the account of hotels and other businesses. In a Hotel the main objective of the credit control measures:
- To prevent the guest who moves out of the hotel without settling their accounts.
- Late settlement of accounts happens due to corporate or travel agencies after the guest has departed.
- Delay in payment causes also major cash flow problems, in the case when companies or any agencies take time for settlement of accounts.
- Guests feel embarrassed while checking out as their credit card shows declined or not accepted in the hotel.