Noesis Capital Advisors launches its new initiative "Pay Today Stay Later"
This initiative is meant to encourage travel enthusiasts across the country to extend helping hand to their preferred hotels in this difficult time by buying hotel credit vouchers.
Noesis Capital Advisors has taken up a nonprofit sustainability initiative to launch "Pay Today Stay Later" program. This intitiative is meant to encourage travel enthusiasts across the country to extend helping hand to their preferred hotels in this difficult time by buying Hotel credit vouchers. This will generate cash liquidity for the hotels to meet their fixed expenses like staff salaries. In return, hotels will incentivize the purchasers of these credit vouchers. This is an industry-wide program for hotels all over India.
These hotels credit vouchers will be sold now for INR 10000 and will have a value of INR 15000 after the 30-day maturation period. It's up to each hotel to specify any expiration, blackout dates, restrictions, etc. As of now, the ability to purchase credit vouchers will last through September 30, 2020, but each hotel can stipulate when they stop selling credit vouchers. People can also purchase multiple credits vouchers, but each hotel can decide if they want to put a cap on the number of credit voucher people can buy.
“As a traveller, it's an opportunity to help their favourite hotels and to support hotel’s housekeepers, Chefs, Reception desk team, security personnel, bartenders and everyone who keeps the hotel running as they are the ones who contribute to their beautiful memories of their stay at the hotel. Travellers money spent under this initiative will go farther and be put to even better use in the interest of Indian hospitality ecosystem as this sector jobs 10 million people, says Nandivardhan Jain, CEO, Noesis Capital Advisors.