Mendel raised $35 million in a Series B funding round to expand the artificial intelligence (AI)-powered capabilities of its enterprise spend and travel management platform and to extend the platform into additional Latin American countries. “This round allows us to scale our AI capabilities and...
Hotel rewards program Wyndham Rewards partnered with Galileo Financial Technologies, SoFi’s technology platform, to launch a debit card that lets users earn travel rewards and points on everyday spend. The new Wyndham Rewards Debit Card is designed to cater to the many travelers, particularly younger...
Booking Holdings is seeing early results from growth initiatives while also recording better-than-expected gains in the third quarter. The company’s efforts to advance its “connected trip” vision, to continue developing its artificial intelligence (AI) capabilities and to grow alternative accommodations all saw progress during the...
Airbnb says New York City’s short-term rental law hasn’t done its job. “In the wake of stringent measures, consumers are instead facing all-time high hotel prices and residents facing all-time high rents,” the company wrote on its blog Tuesday (Sep. 3) as it called on the city to...
August 15, 2024
Travel spending is on a trajectory to reach an all-time high in 2024, making staffing for travel companies an even greater priority than ever. Outdated payment systems, however, have long posed significant challenges for travel and hospitality businesses, leading to slow payouts, delayed disbursements and reduced employee satisfaction and retention due to workers’ inability to […]
July 29, 2024
Married couples without children are leading the way in travel spending, data show, and as others pull back their purchasing in the category, these dual-income-no-kids consumers continue to shell out. ...
July 22, 2024
As young consumers look for meaningful, in-person experiences, more are traveling for ticketed events, driving vacation spending. A recent report from Allianz Partners found that 1 in 4 U.S. consumers...
November 21, 2023
The average holiday shopper anticipates spending roughly $860 this year on non-gift holiday purchases such as live entertainment or retail products for personal use — compared to $1,160 in 2022....
May 12, 2025
Americans are increasingly taking road trips amid an inflation- and tariff-related decline in consumer confidence. That’s according to a Monday (May 12) report from Bloomberg News, citing AAA figures showing that roughly 39 million Americans will drive this Memorial Day weekend. That’s a 3.1% gain from 2024 and the highest level in 20 years. The report adds […]
March 27, 2025
Mendel raised $35 million in a Series B funding round to expand the artificial intelligence (AI)-powered capabilities of its enterprise spend and travel management platform and to extend the platform...
March 17, 2025
Hotel rewards program Wyndham Rewards partnered with Galileo Financial Technologies, SoFi’s technology platform, to launch a debit card that lets users earn travel rewards and points on everyday spend. The...
October 30, 2024
Booking Holdings is seeing early results from growth initiatives while also recording better-than-expected gains in the third quarter. The company’s efforts to advance its “connected trip” vision, to continue developing...
