Over 70 percent of hotel suppliers have yet to receive the money owed to them by hotel companies for their services, it was learnt via the findings of a recently conducted survey. From a sample of 34, 70.4 per cent respondents said the hotels owed them money, revealed the Hotelier Middle East Supplier Survey.
22.9 per cent of the respondents said that the money owed to their companies is the biggest hurdle for their business at the moment. In fact, 8.8 per cent of the respondents said that the money owed to them was over $1 million while 35.2 per cent said they were owed over $100,000.
All in all, 80 per cent of the respondents said that “it is taking longer than ever to receive payment from hotels for suppliers’ services” but were hopeful that they would be paid soon.
