The PYMNTS Travel Payments Study, an Amadeus collaboration, seeks to explore and explain why travel companies around the globe are looking to rebuild their payments structures. To do so, it delves into the economic stressors facing the modern travel industry and details how these stressors are causing them to change the way they look at payments innovation.
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Four out of 10 travel operators struggle to manage multiple payment service providers.
82 percent of travel companies innovate to combat the loss of customers.
36 percent of travel companies expect innovations to decrease costs.
The global travel industry pays $75B on its payments structure every year.