By requiring a booking deposit, you ensure that the guest has an interest in following through with the reservation. It helps filter out casual enquiries and ensures that serious guests are more likely to arrive for their stay.

No-shows can be costly and disruptive to properties.  Collecting a deposit helps mitigate the risk of no-shows as guests are less likely to cancel or fail to appear if they have already invested financially.

For properties that allocate resources, staff, or optional extras based on reservations, a deposit ensures some revenue protection. If a guest cancels at the last minute or fails to show up, the deposit can help offset the losses incurred due to the missed opportunity to serve other guests.

Security can be refunded post-stay (either partially or in full), depending on whether or not any damage has been caused. You have the option to ask for full payment or a deposit upfront –

Inn Style allows owners to charge either a percentage or a monetary value booking deposit. Balance payments can be made either at the property or on the link provided in the automated balance payment reminder email.

Assure guests that their booking deposit allows them flexibility in rescheduling or modifying their reservation within reasonable terms. This can be valuable to the guests particularly in situations where plans may change or unforeseen circumstances arise.