BMO has launched a new travel rewards card with Mastercard, saying the card meets frequent travelers’ demands for rewards and benefits. The new BMO Escape Credit Card features accelerated rewards on travel-related spending, no foreign transaction fees and additional traveler benefits, the companies said in a Monday (Aug....
Airbnb Inc. has introduced a “Reserve Now, Pay Later” feature for U.S. customers, allowing travelers to book certain domestic stays without making an upfront payment. The program, available on listings with moderate or flexible cancellation policies, lets guests delay full payment until shortly before the...
Thredd has rolled out a new real-time payments offering for its travel agency customers. The issuer processor announced Tuesday (Aug. 12) that it has become the first to offer these customers “real time payment control” via new flexible product codes made possible through the Mastercard Wholesale Program (MWP). “This new...
Booking Holdings CEO Glenn Fogel reportedly said that the United States needs to invest in passport and immigration booths at airports to help reverse a decline in foreign tourists. “It can be very aggravating to come to the U.S. because the first thing you see is a long...
Affluent travelers, not middle-class vacationers, appear poised to keep the world’s tourism engine humming even as the broader economy cools. Visa’s July “Global Travel Insight” report found that households earning more than $200,000 a year (barely 5% of all households) accounted for roughly 1 in...
With summer in full swing, travelers must beware that artificial intelligence (AI) systems could spot mishaps and misbehaviors that might otherwise go unnoticed by a human employee. Car rental company Hertz, which also owns Dollar and Thrifty, is using AI to scan vehicles for damage,...
Delta Air Lines said it is not using artificial intelligence (AI) to set airfares based on an individual passenger’s data, as it seeks to quell growing concerns about how it institutes “personalized pricing.” Delta Chief External Affairs Officer Peter Carter said that at any given...
Sen. Mark Warner (D-Va.) is warning that Delta Air Lines’ use of artificial intelligence (AI) to tailor airfare prices to individual customers represents a troubling shift toward what he calls “surveillance pricing.” “I’ve recently seen where I think AI can be used handily in a...
Booking Holdings said Tuesday (July 29) that U.S. consumers reined in their travel spending in the second quarter, while their Asian and European counterparts picked up the slack. The parent of Booking.com, Priceline, Agoda, Kayak, and OpenTable said the U.S. was its slowest-growing region, up...