France is taking steps to close a tax loophole and end the more favorable tax treatment short-term furnished rentals such as AirBnB receive compared to long-term rentals. “We are going to reform the tax rules and I will make proposals. When a windfall gets too...
The rise of the connected economy, and the blurring of lines between digital and “in-person” realms, is shaking up the corporate travel market. Zoom — and video calls in general — has proven to have staying power even as the pandemic recedes and economies (not...
Payments services company Worldline has launched a partnership with travel website travelplanbooker.com. “At its core, this new partnership empowers today’s traveler to be their own travel agent, planning and tailoring their trips to their own personal desires and budget,” Worldline said in a news release Monday (June 5). The three-year...
German travel platform GetYourGuide has raised $194 million to expand into North America. The company announced the equity and credit financing Thursday (June 1), saying it would allow it to invest in artificial intelligence (AI) innovations. “The investment will help increase the pace of innovation for travelers and supply...
CellPoint Digital has teamed with Mexico’s Grupo Xcaret to streamline travel payments. “With nearly 40 million foreign tourists expected to visit Mexico in 2023, having a secure, efficient and cross-border payment solution is key for the travel industry,” the companies said in a news release Tuesday (May 23). ...
The international travel bounce-back continues, flying in the face of sky-high airfares and hotel costs, and making a strong case for travel merchants to up their performance when it comes to streamlining local requirements, managing foreign exchange (FX), and providing consumers with payment methods of...
Despite earnings losses, carriers predict soaring demand as the United States enters the summer travel season. Airlines’ summer flight forecasts range from rosy to hesitant after a disappointing holiday travel season, The Wall Street Journal (WSJ) reported in April. Southwest, for example, saw a quarterly loss of $159...
Airwallex and Expedia Group have teamed up to offer a discount to global business travelers. Existing and new users of the Airwallex payments and financial platform can receive a 10% discount off hotel stays that they book on the Expedia travel technology platform, the companies...
OmniPay and Discover® Global Network have partnered to launch the OmniPay Travel Card. This collaboration brings together the capabilities of OmniPay, a non-bank financial institution (NBFI) and electronic money issuer (EMI) supervised by the Central Bank of the Philippines, and Discover Global Network, the payment brand of Discover Financial...