Tariffs have reportedly led to an increase in the number of wealthy Americans traveling to Europe to buy luxury goods. Some consumers make these trips to avoid paying tariffs—although they are supposed to declare their purchases to customs agents upon their return to the U.S.—while others...
Watch more: Personalized Pricing: Smart Strategy or Scary Surveillance? Delta Air Lines’ July disclosure of using personalized pricing, or when the amount an individual pays is determined by their personal information, is reigniting an old debate. How far can businesses go when it comes to...
BMO has launched a new travel rewards card with Mastercard, saying the card meets frequent travelers’ demands for rewards and benefits. The new BMO Escape Credit Card features accelerated rewards on travel-related spending, no foreign transaction fees and additional traveler benefits, the companies said in a Monday (Aug....
Airbnb Inc. has introduced a “Reserve Now, Pay Later” feature for U.S. customers, allowing travelers to book certain domestic stays without making an upfront payment. The program, available on listings with moderate or flexible cancellation policies, lets guests delay full payment until shortly before the...
Thredd has rolled out a new real-time payments offering for its travel agency customers. The issuer processor announced Tuesday (Aug. 12) that it has become the first to offer these customers “real time payment control” via new flexible product codes made possible through the Mastercard Wholesale Program (MWP). “This new...
Booking Holdings CEO Glenn Fogel reportedly said that the United States needs to invest in passport and immigration booths at airports to help reverse a decline in foreign tourists. “It can be very aggravating to come to the U.S. because the first thing you see is a long...
Carvana has reported that electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) made up 9% of total vehicles sold in Q2 2025, up from just over 2% in Q2 2023. The figure, detailed in Carvana’s EV Trends Report, marks a fourfold increase in two...
Affluent travelers, not middle-class vacationers, appear poised to keep the world’s tourism engine humming even as the broader economy cools. Visa’s July “Global Travel Insight” report found that households earning more than $200,000 a year (barely 5% of all households) accounted for roughly 1 in...
With summer in full swing, travelers must beware that artificial intelligence (AI) systems could spot mishaps and misbehaviors that might otherwise go unnoticed by a human employee. Car rental company Hertz, which also owns Dollar and Thrifty, is using AI to scan vehicles for damage,...