Dollar shortage hampers hotels’ ability to pay booking platforms | Falta de dólares dificulta a hoteles pagar plataformas de reservas

Por Hortencia Rivera, Eju.tv:

Due to the lack of dollars, hotels are having trouble paying the platforms where foreigners make reservations

Hoteliers explain that they must pay bills in dollars every month. They warn that a significant portion of tourists book through these platforms.

Reference image
Source: Unitel

The shortage of dollars in the country is complicating various sectors, including the hotel industry, which, due to the lack of foreign currency for digital transactions, may find it difficult to showcase their businesses on platforms where foreigners can make reservations.

Jorge Emilio Vaca, president of the Hotel Chamber, stated that their sector is in a state of emergency and that the inflow of reservations through digital platforms and websites could be at risk.

“I estimate that about 40% of the reservations that hotels in Bolivia receive come through these intermediary websites, which we have to pay at the end of the month in dollars. With restrictions in the financial system, it becomes impossible for us to pay the bills, meaning that in the short term, we may not be able to be present on these sites, and foreigners won’t be able to book the hotels,” said Vaca.

The hotel sector emphasizes that tourism brings foreign currency into the country, so there needs to be a solution to the dollar shortage problem.

“Costs are in dollars, paid at the official exchange rate. When they pay in dollars, it goes to an account, and we receive it in bolivianos, and we’re already losing out. There’s loss everywhere,” explained the representative of the hotel sector.

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