Evention Launches OTA Recon to Recover the $430,000 Most Hotels Don't Know They're Losing Every Year
Summary
Evention launched OTA Recon, a new module in its Evention Platform that automates reservation-level reconciliation for OTA bookings to recover hidden revenue. The company says OTA billing errors—like virtual card underpayments, commission overpayments, and double-charges—can collectively cost a typical 300-room hotel more than $430,000 per year. OTA Recon pulls OTA reservations, virtual credit card payments, commission invoices, and payout records and matches them daily against the property management system to flag and classify exceptions before recovery windows close. Early adopters report recovering 10–40x the platform cost, cutting manual reconciliation time by 96% and errors by 95%, and Evention will demo the product at HITEC 2026.
Classifications
industries
Retail
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
Accounting Software
Financial Automation Software
Linked Companies
Evention LLC
$10M to $25M