Clutching at straws and as a complete generalisation for starters, does anyone have any idea of what proportion of hotel bookings would typically be made in cash ? Or ideally have a link to such data or useful comment?
We're talking low-end London hotels, say £45-£60 per night, not too dis-similar from a guest house, so customers are likely to be tradesmen, budget tourists, perhaps younger people on a night out etc. Hotel used booking.com and Laterooms etc. I'm thinking that the majority of bookings would be either through an online agent, with the majority of the others paying by credit/debit card on arrival. Can't believe that many people these days would pay by cash, especially as you can't typically reserve rooms in advance, and I understand that hotels generally want ID and card details anyway for security purposes anyway.
I'm thinking 5%-10% tops.
Absolutely no accounting records to rely upon, other than bank statements.