Mews Expands Revenue Capture Tools for Hotels with Three New Features
Event summary
- Mews launched three new features: Recurring Payments, Multicurrency expansion to US/Canada, and Accounts Receivable.
- Recurring Payments has been piloted by over 100 properties, generating 16,000 payment plans with 98% on-time collection.
- Multicurrency has generated €1.55 million in additional revenue for nearly 5,000 European hotels since its launch 14 months ago.
- Accounts Receivable automates invoice issuance and collection, reducing manual work and improving cash flow visibility.
The big picture
Mews is positioning itself as more than a property management system, evolving into a comprehensive financial partner for hotels. The new features address key pain points in revenue capture and cash flow management, aligning with the broader industry trend of integrating fintech solutions into hospitality operations. With 15,000 properties using its platform, Mews' moves could set new standards for operational efficiency in the sector.
What we're watching
- Adoption Pace
- How quickly US and Canadian hotels will adopt Multicurrency for online payments, and the impact on revenue.
- Automation Impact
- Whether Accounts Receivable can significantly reduce invoice collection times across different currencies.
- Competitive Response
- How rival hospitality platforms will react to Mews' expanded financial tools for hotels.
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