Here is no threshold limit of account finalization for Hotel-Lodging, Motels, and Resorts in India.
The finalization of an account is done by the hotels or resort, and they can finalize the account at any time, regardless of the amount.
However, some hotels or resorts may have their own policies on when they finalize accounts, such as finalizing all accounts at the end of the month.
For further details access our website: https://www.mca.gov.in/
Here are some factors that may affect the finalization of an account:
1. The length of stay:
Hotels or resorts may finalize accounts more quickly for shorter stays.
2. The payment method:
Hotels or resorts may finalize accounts more quickly for payments made with credit cards.
3. The guest’s history with the hotel or resort:
Hotels or resorts may finalize accounts more quickly for guests who have a history of non-payment.
For further details access our website: https://vibrantfinserv.com