Cashless Hotels
Hotels have a significant amount of cash spend for a variety of reasons; international travelers, vacationers budgeting their trip using cash last the tool, kids spending money, etc. Dealing with this cash is burdensome and expensive for hotel operators.
​
Inconveniencing Guests
When a customer wants to pay with cash and your business is cashless via other alternatives, the customer must be inconvenienced to find a conversion device and return to their transaction. Smart safes and cash recyclers do not hinder the guest. However, they cost the operator a significant amount of time and cost to operate. DoughDepot solves both of these guest issues and provides a simple, autonomous, no cost solution for the hotel to go cashless.
​
Cost of Cash in a Hotel:
We estimate that cash costs approximately 5% - 12.5% of cash sales for hotel operators. If your hotel does $10 million in cash sales a year DoughDepot’s cashless business solution should save you approximately $500k - $1.25 million / year. Lastly, DoughDepot does not convert cash to a card because it inconveniences the customer, charges the customer breakage (if unused money on the card), and the business has to pay increased credit card processing fees. In the same example as before, if your restaurant does $10 million a year in cash sales and you convert that $10 million in cash to card, which is spent at your location, your credit card processing will increase $200,000 to $350,000. DoughDepot has no charge for going cashless, reach out to our team to see how our cashless solution works.
Cashless Interaction for Hotel Guest
We know that your guests drive your business and their happiness is important to your business. DoughDepot has designed multiple ways for your guests to interact when going cashless, select the best one that fits your model best.