News

Noesis Capital Advisors launches “Pay Today Stay Later”

Nandivardhan Pic 1 Noesis Capital Advisors launches “Pay Today Stay Later”

In the interest of Indian hospitality ecosystem, Noesis Capital Advisors as a responsible hotel investment advisory firm in India has taken up a nonprofit sustainability initiative to launch “Pay Today Stay Later” program which is meant to encourage travel enthusiasts across the country to extend a 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.

“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 th
  e 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 the Indian hospitality ecosystem as this sector jobs 10 million people, says Nandivardhan Jain, CEO, Noesis Capital Advisors.

These hotel 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.

There is no commission structure here – 100% goes directly to the hotel. After flowing through our website, the relationship with the consumer is of the hotel only. Preferred properties for this platform will be hotels/resorts in leisure markets and key metro cities.

“Currently, 150+ hotels are live on our platform and we are considering requests from 300+ more hotels. The Pay Today, Stay Later platform is being updated in real-time as more hotels are confirming participation. People will be reaching out to hotels directly via email to purchase through our website”, adds Nandivardhan Jain.

Since its inception, Noesis Capital Advisors has provided consultancy and advisory services to more than 1900 hotel owners, hotel operating companies, hotel investors and financial institutions. Its reach is in more than 60 cities of South Asia where it is servicing 68 international, national and regional hotel brands across various hotel formats ranging from ultra-luxury to economy segment. 
The company has on its portfolio some of the most well-known and respected names in the hospitality sector like the Marriott International, Wyndham Hotels & Resorts, Lemon Tree Hotels, ITC Hotels, Stay Well, Fern, Lords, VITS, Svenska, Royal Orchid, Mint Hotels among others. Noesis has a mandate from mid & budget hotel chains that are looking for rapid expansion across South Asia and UAE.

Related posts

TAFI remembers legendary JRD Tata on his 117th birth anniversary at their first meeting

The newly elected Managing Committee of TAFI held its first meeting in Mumbai on 28th July. Two members were co-opted to the…

FICCI to organise 2nd Virtual Edition of Travel, Tourism & Hospitality E-Conclave

FICCI is organizing the Second Virtual Edition of Travel, Tourism & Hospitality E Conclave: The Road to Resilience & Recovery on August 5 -6, (Thursday- Friday),…

One Earth Hotels opens new 30-room ‘One Earth Avaas' in the holy city of Amritsar

One Earth Hotels announces the opening of ‘One Earth Avaas’ in Amritsar.

Novotel Hyderabad Convention Centre celebrates with a special Bonalu Festival Brunch

Novotel Hyderabad Convention Centre celebrates with a Bonalu Festival Brunch

South African Tourism's video celebrates the nation’s resilient spirit and unity

South African Tourism, released an inspirational video calling on all South Africans to reflect the spirit of revolutionary South African leader Nelson…

2HUB makes its foray in Business Travel segment with a strong innovation team

2HUB Pvt Ltd. a major B2B travel management and services company, makes its foray in the Business Travel segment. This will help…

amã Stays & Trails steps into scenic Munnar with a great collection of 7 Tea Estate Bungalows

IHCL announced seven heritage Tea Estate bungalows in Munnar

Munish Kumar Ranawat appointed new Learning & Development Manager at Fairmont Jaipur

Fairmont Jaipur appoints Munish Kumar Ranawat as Learning & Development Manager. We are delighted to share that Fairmont Jaipur, the brand’s flagship property…

TAFI elects with a big majority a new team on July 24, 2021

TAFI (Travel Agents Federation of India) announced its new National Management Committee on July 24, 2021 post elections. Members, pan India, from…

Qatar re-opens borders for fully vaccinated international travellers

The State of Qatar re-opens its borders to international travellers who are vaccinated