Despite the hospitality sector in Thailand being projected to reach $1.5billion in 2025 and grow at a CAGR of 5.67 to $1.98billion by 2030, it is being held back by outdated infrastructure, manual reconciliation, and high cross-border fees. To combat this, dLocal, the cross-border payment platform connecting merchants to emerging markets, has partnered with Cloudbeds, the hospitality management tech provider.
Through the new partnership, Cloudbeds will implement dLocal’s Platform solution to automate property onboarding, manage ledgers, and settle payments in local currency, eliminating operational friction and improving financial access for thousands of businesses. This will ensure challenges associated with acceptance of preferred payment methods, both local and international, will now longer create cashflow issues or become administrative burdens.
“Through our partnership with Cloudbeds, we’re simplifying payment processing for businesses in Thailand’s hospitality sector. By enabling local currency settlements and improving payment efficiency, we help streamline operations and support the growth of businesses in emerging markets, allowing them to stay competitive in a rapidly evolving global economy,” said Alberto Bentancur, head of growth at dLocal.
Furthermore, this partnership allows Thai hotels to easily onboard, process payments on their websites, receive OTAs payments, and accept both local and international credit cards. These streamlined transactions improve the guest experience by reducing check-in disruptions and ensuring a smooth stay.
Streamlining processes
Hotels and properties that leverage Cloudbeds can now process payments directly through the platform, creating a seamless experience while streamlining operations and unifying business and financial management.
Cloudbeds handles transactions, allowing properties to receive local settlements. By automating fund distribution, the collaboration optimises cash flow, simplifies financial management, and strengthens the financial stability of hotels across Thailand.
“This strategic partnership with dLocal enables us to automate payment processes, making it easier for Thai hotels to manage operations and improve financial efficiency. By offering seamless payments, local settlements, and automated fund distribution, we’re supporting the growth of Thailand’s hospitality sector—enhancing cash flow, simplifying payment management, and helping hotels remain competitive in a digital, global market,” said Tony Vardiman, VP of global payments and operations at Cloudbeds.
