CNG Travel Group
(CNG) has announced that its new TLC (Travel Lodging Connector) Prompt Pay online hotel booking platform solves one of agents’ biggest bug bears - tracking, reconciling and receiving hotel commission.Described as ‘a major evolution’, TLC Prompt Pay offers corporate travel agents streamlined booking with 30,000 private rate and GDS hotel properties, above-average commission and ‘hands off’ commission collection and rapid payment.
CNG senior vice president for EMEA business development Tim Wright said: “With this significant service development, agents can compete more effectively with the giant online distributors, improve their booking choice, value and customer service, and lift revenue and profitability. Prompt Pay is a major evolution of CNG’s business model.”
According to Wright, Prompt Pay provides key relationship-building benefits for hotels and agents. “By ensuring agents get paid quickly for what they’re due, Prompt Pay reinforces the mutual business value that should exist between hotels and agents.”
CNG has upped the industry average commssion of 5-6% to 12%, which will be paid in two weeks. Target commission of up to 9% on all other Prompt Pay hotels will be paid monthly (compared to the usual 60 to 120 days). CNG will aim to collect commission from up to 90% of Prompt Pay-participating GDS hotels.