Travel Payments

Travel Payments
After the July Fourth Fireworks, Look for Business Travel to Ignite
July 05, 2024

The barbecues will die down to a few flickering embers. The fireworks’ booming will echo and fade. And the summer getaways during the work-shortened week will give way to the return of the road warrior. The stage has been set for that rebound. The Tech...

Travel Payments
Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
July 03, 2024

Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant Group’s Alipay+ and other major international card organizations — have extended the International Consumer Friendly Zones program to the major...

Travel Payments
Accor Selects Stripe as Primary Payments Partner Globally
June 11, 2024

Hospitality company Accor has selected financial infrastructure platform Stripe as its primary payments partner globally.  After using multiple payment gateways with different providers, Accor is now working with Stripe to implement a single centralized system across all its hospitality properties for online bookings, the companies...

Travel Payments
Summer Staycations in Store as Consumers Trade Down on Travel
June 10, 2024

As we recently reported, despite steady signs of inflation, about half of U.S. consumers are planning to take summer vacations in the weeks to come — and many even anticipate spending even more this summer than last.  But, as PYMNTS Intelligence recently revealed in its...

Travel Payments
Inspirato Looks to Country Club Model to Expand Luxury Travel Platform
June 06, 2024

There are summer vacations. Then there are high-end summer vacations. And then there’s Inspirato. Bringing an innovative subscription and membership model to its affluent clientele, the company has just turned profitable in its 13th year of existence, leveraging a funding round of $25 million from...

Travel Payments
Corporations Follow Small Businesses in Returning to Travel
June 04, 2024

Large corporations are reportedly catching up with small and medium-sized businesses (SMBs) in returning to business travel. While SMBs led the post-pandemic rebound in business travel, corporations are increasingly booking travel as well, Reuters reported Tuesday (June 4). Hotel CEOs attending the NYU International Hospitality...

Travel Payments
Middle-Income Vacationers Plan to Spend $500 More This Year Than Last
June 04, 2024

Despite hard-to-shake concerns about inflation, nearly half of U.S. consumers are planning to take a break this summer — and many plan to shell out more on getaways this year than last year.   According to PYMNTS Intelligence data, 48% of consumers have already made travel...

Travel Payments
STR, Tourism Economics Say Cost of Living Impacts Hotel Performance
June 03, 2024

The hotel industry’s performance is being impacted by reduced travel volume caused by the rising cost of goods and services. So said STR, a provider of data, analytics and insights for the global hospitality industry, and Tourism Economics, a provider of intelligence on the economy...

Travel Payments
Rho and Navan Integrate Corporate Cards, Travel and Expense Platform
May 24, 2024

Rho and Navan have launched a unified finance suite that customers can use to manage corporate travel and expenses, enforce expense policy compliance, send payments and close the books. This co-branded solution brings together the capabilities of Rho Corporate Cards and the Navan travel and expense super app, the companies said in a...