Global payment network UATP and buy now, pay later (BNPL) provider Klarna have partnered to allow airlines to offer Klarna’s flexible payment options. With this collaboration, airline customers can select Klarna’s immediate payments; short-term, interest-free BNPL; or longer-term financing for travel products and services, the...
Travel spending will generate a record 10% of gross domestic product (GDP) this year. That’s according to a report Monday (Sept. 3) by Reuters, citing data from World Travel and Tourism Council (WTTC), a non-profit membership group. The WTTC estimates show the travel industry contributing...
As inflation reshapes consumer spending, travel giants Expedia, Airbnb and Booking Holdings are adjusting their strategies to drive customer engagement and bookings amid shifting family budgets and evolving preferences. Expedia is enhancing its One Key loyalty program with a co-branded credit card and expanding its global...
Private jet charter flights reportedly experienced a decline of 15% in the first half of this year compared to their peak in 2022. The drop in demand can be partly attributed to a waning of the surge in demand caused by the pandemic and to...
Airbnb has seen shorter booking lead times in recent weeks, with customers around the world booking their accommodations closer to their expected time of arrival. A growing share of customers are booking just days or a couple of weeks in advance, Airbnb executives said Tuesday...
Airbnb is reportedly planning luxury offerings like personal chefs to entice travelers away from hotels. The company wants to move beyond accommodations and experiences to “services that will make it better for guests to stay in Airbnbs,” Chief Business Officer Dave Stephenson said in an interview with Bloomberg News Wednesday...
Global business travel spending is expected to reach a record high in 2024, exceeding the current record that was set in the pre-pandemic year of 2019. The Global Business Travel Association (GBTA) said it expects global business travel spending to increase 11.1% in 2024, reaching $1.48...
As young consumers look for meaningful, in-person experiences, more are traveling for ticketed events, driving vacation spending. A recent report from Allianz Partners found that 1 in 4 U.S. consumers intends to “travel to a destination to attend a major pop culture event,” and that...
Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company calls “long-standing limitations” of static pricing, promotion and distribution technologies. “Independent hotel owners, general managers and sales leaders have traditionally...