The world’s largest homesharing platform says economic concerns and conditions are fueling growth in both travelers and hosts, albeit for different reasons. Speaking to investors in the wake of reporting record Q3 revenues, bookings, and profits, Airbnb Co-founder and CEO Brian Chesky explained the drivers...
As more consumers and companies size up Latin America for its ample opportunities, the need for speedy cross-border payments, aided by localization, will be close behind and key to unlocking that potential. This is particularly true for international travel into the region, as well as...
Tourist-heavy cities have seen more revenue from taxes on overnight hotel stays compared to other cities relying on business travel. Cities like Orlando, Oahu and others have reaped the benefits of the current environment, the report says, while those focused on commercial travel, such as...
When they say “pent-up travel demand” they mean it, as consumer use of airline booking apps and websites rose by double digits in the second quarter of 2022, signaling both a strong desire to travel despite inflation, and the increasing digital transformation of how travel...
Debt recovery platform Receeve announced it has been selected by buy now, pay later (BNPL) travel firm Fly Now Pay Later for its collections and recovery management solution. “The Fly Now Pay Later team is embracing a fast-paced global growth plan capitalising on rising travel...
Citi will be debuting a new portal, Citi Travel, with Booking.com to help customers plan and book their trips, a press release from the bank said. It comes as Americans are eager to travel, but many Americans have been reporting that they wait for a...
With PayPal reporting in early August that buy now, pay later (BNPL) usage surged 226% in the second quarter, it’s a strong indicator that installment credit is helping fuel a travel bump this year that’s maintained momentum despite inflation, and keeps branching out into new...
Short-term rental (STR) and hospitality platform Guesty raised $170 million in a Series E funding round to fuel the company’s growth and new product development as demand escalates across the industry and hospitality operators seek more support. The latest infusion of capital was led by...
Choice Hotels has launched “Choice Direct Pay,” a system that lets employers make reservations and pay lodging bills for employees traveling on business. The new system eliminates the need for employees to submit, and employers to process, a payment invoice for each overnight stay, according...