travel

TravelPerk Raises $104 Million to Expand Business Travel Management Platform
TravelPerk Raises $104 Million to Expand Business Travel Management Platform
January 23, 2024  |  Investments

TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to...

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Synchrony: Resilient Consumers Embrace ‘Pay Later’ Options as Credit Trends Normalize
Synchrony: Resilient Consumers Embrace ‘Pay Later’ Options as Credit Trends Normalize
January 23, 2024  |  Earnings

Synchrony Financial posted fourth-quarter results that showed charge-offs increasing as management pointed to credit normalization in the months ahead, and said the firm was also...

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3 in 4 Consumers With Children Are Likely to Use Card-Linked Offers for Traveling
3 in 4 Consumers With Children Are Likely to Use Card-Linked Offers for Traveling
January 22, 2024  |  Credit Cards

Credit cards have become more than just a means of payment. With the rise of travel credit cards, consumers now have the opportunity to earn...

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Virgin Atlantic, CellPoint Digital Form Payment Orchestration Partnership
Virgin Atlantic, CellPoint Digital Form Payment Orchestration Partnership
January 17, 2024  |  News

Virgin Atlantic has formed a partnership with airline-focused payment orchestration company CellPoint Digital. The collaboration is designed to make transactions for travelers on the British air carrier seamless and...

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Delta: Business Travel, Digital Transformation Bright Spots in Uncertain Economy
Delta: Business Travel, Digital Transformation Bright Spots in Uncertain Economy
January 12, 2024  |  Earnings

Ongoing macroeconomic headwinds and labor realities are grounding Delta Air Lines’ near-term outlook. The Atlanta-based airline told investors during its Friday (Jan. 12) December quarter...

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Evolve Taps Affirm to Provide Pay-Over-Time Options to Travelers
Evolve Taps Affirm to Provide Pay-Over-Time Options to Travelers
January 10, 2024  |  Buy Now Pay Later

Evolve, a vacation rental hospitality company, has partnered with payment network Affirm to provide pay-over-time options to travelers. Affirm will be the exclusive pay-over-time partner of Evolve,...

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Service Sector Inflation Could Test Consumers’ Appetite to Spend in 2024
Service Sector Inflation Could Test Consumers’ Appetite to Spend in 2024
January 05, 2024  |  Economy

Through the last several months, payment networks, banks and buy now, pay later (BNPL) firms have pointed to the resilience of the U.S. consumer. Consumers...

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Frontdesk’s Whole-Staff Layoffs Suggest Struggle to Break Through Consumer Inertia
Frontdesk’s Whole-Staff Layoffs Suggest Struggle to Break Through Consumer Inertia
January 03, 2024  |  Startups

With Frontdesk reportedly laying off its whole staff, it seems that amid ongoing financial challenges, short-term rental models may not present a needed enough solution...

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Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
Nomura Downgrades Uber and Lyft After Outsized Gains in 2023
December 29, 2023  |  Ridesharing

While ridesharing giants Uber and Lyft experienced significant growth in revenue in 2023, they reportedly facechallenges in 2024. For different reasons, financial services group Nomura...

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