There are those that think that the traditional damage deposit is out of date and is actually affecting

your booking process. There are those that swear by it.

Now my name is Mark Simpson. I give hosts all over the world the tools,

the tactics to training, the most important of the confidence to go and increase your data bookings.

And the damage deposit is something that has been a hot topic in the hospitality community and team-boostly and forums

for several fields for many years now.

Now I reached out to some amazing people at Superhug to ask this very question.

What are the pros and cons of the traditional damage deposit and how they are helping this industry solve it?

So I'm going to throw it over. I've asked for a video response.

The best of the best is coming up.

So please make sure you check this out and then leave the comments below while you're watching with your

opinion on the traditional damage deposit. Is it a yay? Is it a nay? And why?

Hi Mark and everyone at Team Boostly.

Thanks very much for asking Superhug to answer these really important questions.

We talk about this daily with our property managers and also our internal team.

We're always trying to find that right solution for deposits for our clients.

So first of all, the pros of taking a traditional damage deposit would be

it's less risk for the property manager.

It means that they don't have to fulfill the cost of damage if something was to happen,

especially if they haven't got the cash flow for doing that because if they take that traditional damage deposit,

they're going to be able to just pay for the damage from that.

Secondly, it's a huge deterrent for guests actually causing damage during that booking.

...