Travel Payments

Travel Payments
HDFC Bank and Marriott Bonvoy Introduce Travel Card
August 25, 2023

India’s HDFC Bank has teamed up with Marriott Bonvoy, the travel program by Marriott International, to introduce a co-branded hotel credit card. The Marriott Bonvoy HDFC Bank Credit Card is aiming to become “one of the most rewarding travel cards in India,” the companies said in a Thursday (Aug. 24) press release....

Travel Payments
Working Capital Innovations Give Travel Sector Flexible Financing Tailwinds
August 22, 2023

Demand for travel has taken flight this summer, with record-breaking numbers of people planning trips. This seasonal surge in sunny escapism is not just limited to leisure travel; business travel is also making a comeback. But as nearly 1 in 4 U.S. consumers make their travel plans,...

Travel Payments
SAP Concur Debuts Booking Experience as Travel Costs Climb
August 17, 2023

Travel/expense management platform SAP Concur is set to unveil a new booking experience. According to an announcement on Thursday (Aug. 17),  the company will create an “end-to-end booking experience across air, hotel, and car rental bookings” for the online travel company Sabre, with plans to...

Travel Payments
GBTA, Visa Say Business Travel Rebounded Faster Than Expected
August 14, 2023

Business travel is bouncing back following a pent-up demand for in-person meetings and events as the world moves beyond the pandemic. This rebound is occurring faster than expected, the Global Business Travel Association (GBTA) and Visa said in a Monday (Aug. 14) press release. Global...

Travel Payments
Mesh Payments Launches Travel Management System With Integrated Corporate Cards
August 14, 2023

Mesh Payments has launched a travel management solution that provides travel, payment and expense management for global enterprises. The new Mesh Travel Management system includes artificial intelligence (AI)-enabled spend management, global visibility and reporting capabilities, global compliance, and multi-currency corporate cards, the company said in...

Travel Payments
Sabre Adds AI-Powered Tool to Customize Lodging Options
August 14, 2023

Sabre has added artificial intelligence (AI)-powered lodging capabilities for travel agencies. Lodging AI, the newest addition to the Sabre Travel AI suite of solutions, helps travel agencies improve hotel attachment rates and offer more personalized lodging options, the company said in a Monday (Aug. 14) press release....

Travel Payments
Business Travel Costs Expected to Keep Climbing
August 10, 2023

Global business travel and events costs are expected to keep climbing through the remainder of 2023 and into 2024. However, lingering economic uncertainty and a gradual easing of supply-side constraints are likely to result in more subdued price increases than the record hikes during 2022,...

Travel Payments
Expedia Sees ‘Tremendous Momentum’ in B2B Segment
August 04, 2023

Travel website Expedia has a well-known consumer-facing website, but it also delivers a growing number of products behind the scenes. The company is seeing “tremendous momentum” in its B2B business, Expedia Group Vice Chairman and CEO Peter Kern said Thursday (Aug. 3) during the company’s...

Travel Payments
TripAdvisor’s Revenue Grows 18% as Consumers Seek Experiences
August 03, 2023

Consumers are hungry for experiences, and that’s been good news for TripAdvisor. The travel service announced second-quarter 2023 earnings results Thursday (Aug. 3) that showed its experience earnings surpassing its hotel earnings for the first time, with overall revenue growth up 18%. “[O]ur data from...