Buy now, pay later (BNPL), which for the last several years suddenly seemed to be everywhere, has been conspicuously slow in coming to the travel vertical. The explanation for why, Flywire Travel Segment Head Colin Smyth told PYMNTS’ Karen Webster earlier this year, is simple enough — travel...
Summer 2021 may be the summer of fun, depending on whether you’re vaccinated and where you plan to go. At a high level, the world is reopening, and consumers are eager to satisfy the pent-up wanderlust that has remained dormant for the last 15 months....
Marriott International CEO Tony Capuano said he thinks the lines between business and leisure travel are becoming more blurred, CNBC reported. Capuano, talking on “Squawk on the Street,” said the increase in people taking trips has helped the hotel industry in the wake of the...
As the threat of the pandemic recedes, as we move toward actually, physically, getting around again, it’s safe to say that travel will rebound. PYMNTS’ own research has shown that roughly two-thirds of consumers long to see friends and family more; roughly a third are...
American Express Global Business Travel (GBT) is acquiring Expedia Group’s corporate travel unit, Egencia, at undisclosed terms. Paul Abbott, GBT’s CEO, said in a press release that the company’s technology and Neo platform will complement Egencia’s digital business travel platform, and is another tool that...
Icelandair has collaborated with InsurTech firm Cover Genius to provide an embedded “Covid Plus” Cover for their global customers, according to an announcement emailed to PYMNTS. “As a leading international airline, our mission is to offer our passengers the best services both on the ground...
While the recreational travel segment is seeing recovery as vaccines go out and consumers become more comfortable flying the friendly skies again, the return of business travel is far less certain. American Airlines, for example, will fly 90 percent of its summer seat capacity by...
Some of the biggest banks in Europe are mulling a cut in business trips post-pandemic by as much as 50 percent, Financial Times reported. The decision stems from the success during the global COVID-19 pandemic of conducting business remotely, saving banks time and money. The...
After almost a year of a steady drumbeat of disastrous results out of the industry as a whole, airlines are starting to show up with increasing bookings figures and a sunnier outlook on the future. Last week both Southwest and American Airlines joined the growing...