Travel is one of the top ways consumers with healthy financial safety nets treat themselves, PYMNTS Intelligence research finds, and airlines are reaping the benefits. By the Numbers The PYMNTS Intelligence 2023 study “New Reality Check: The Paycheck-to-Paycheck Report: The Nonessential Spending Deep Dive Edition,”...
Business travel has changed for thousands of workers, thanks to COVID, cost-cutting and environmental worries. That’s according to a Sunday (Feb. 25) Financial Times (FT) report, which says some big companies in the U.S. and Europe have stopped allowing nonessential trips, while many business travelers...
Airbnb has expanded its City Portal to more than 430 jurisdictions worldwide over the past three years. Launched in 2020, the City Portal provides local governments and tourism organizations with insights into the Airbnb landscape and tourism trends in their communities, Airbnb said in a...
Uber reportedly wants to move deeper into India’s two- and three-wheeled vehicle market. Speaking during an event Thursday (Feb. 22) in Bangalore, CEO Dara Khosrowshahi said the company was trying out services from scooters to motorbikes in what he referred to as his “toughest market,” providing a blueprint for...
Uber and Lyft’s most recent earnings reports spotlight a widening divergence in approach in business models. At first glance, there’s a core focus for both firms: That would be matching the supply and demand for movement, of course, for drivers and customers to link up...
Just as banking-as-a-service (BaaS) and software-as-a-service (SaaS) have reshaped their respective industries, a new “as a service” model is emerging in the travel and tourism sector. This tourism-as-a-service concept aims to redefine connected travel, harnessing the potential of advanced technologies such as artificial intelligence (AI)...
Travel industry software provider Sabre has announced the results of its collaboration with FinTech Revolut. The two tech companies said Wednesday (Feb. 7) that they were able to onboard more than 40 customers in less than a year, with Revolut’s virtual cards now being generated within the Sabre Virtual Payments...
Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release. The rideshare platform’s latest release addresses key concerns such as earnings, deactivations and safety, Lyft said in a Tuesday (Feb. 6) blog post. “We take driving as...
ConnexPay launched a global travel card as part of a new suite of payment capabilities. The virtual card is designed to help ConnexPay’s travel company clients boost payment acceptance and minimize or eliminate foreign exchange fees, the payments company said in a news release Tuesday...