The coronavirus outbreak is crippling the $1.7 trillion tourism industry, the biggest setback for the travel sector in almost 20 years, according to reports on Wednesday (March 4). International tourism generated $1.7 trillion in revenue in 2018, according to the UN World Tourism Organization. Previous...
In the 21st century, for businesses across many verticals, disruption comes at the speed of digital. That’s especially true of the travel industry, where a “mobile-first” mentality and the emergence of online marketplaces has increasingly brought an omnichannel experience to researching, booking and paying for...
The first part of 2020 has brought some significant activity in the world of travel — activity that could, in the coming months and years, further influence how consumers travel, and how they buy and pay for their trips. The latest travel-related news emerged on Tuesday...
As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. That’s the general...
Berlin-based travel aggregator app Omio is rolling out in the U.S. and Canada as part of a global expansion effort, the company announced on Tuesday (Jan. 14). People in the U.S. and Canada can use Omio for price comparisons and other travel details and then...
By 2021 – about a year from now – over 20 percent of all payments globally will be made with a mobile wallet. As usage grows, brands are responding with expanded mobile features and more end-to-end experiences. Things are really taking off in the travel...
The Chase Sapphire Reserve card, used for travel credit, is getting an overhaul this month that will include a price hike for new members. The card’s annual fee will be rising from $450 to $550 as of Saturday (Jan. 12), though new members before then...
You may not have noticed, but travel is becoming much more than just packing the family into a car or plane to visit the coast or some amusement park. Adventure travel is on the rise, and payments are playing a part in this increasing trend....
Up until recently, business travel and hospitality would take a few general forms. Perhaps a fancy hotel downtown. Or less fancy digs near the airport. Or maybe a relatively bland extended-stay operation right off the interstate. But digital technology and the sharing economy, already the...
