Travel Payments

Travel Payments
Travala Integrates Solana Blockchain With Crypto Travel Platform
September 23, 2024

Cryptocurrency-native travel platform Travala integrated the Solana blockchain network. As part of the integration, Travala will add SOL travel rewards as an option for loyalty program members, while also deploying its AVA token — used to access its loyalty program — on Solana, according to...

Travel Payments
Report: American Airlines Considering Making Citigroup Sole Credit Card Partner
September 20, 2024

American Airlines is reportedly considering consolidating its business with a single credit card partner, potentially by making Citigroup its exclusive partner and dropping Barclays. The airline’s talks with banks and card networks are ongoing and the timing of an agreement is unknown, CNBC reported Friday...

Travel Payments
Airbnb: Long-Term Stays Present ‘Huge Growth Opportunity’
September 19, 2024

With some cities suffering housing shortages, Airbnb is eyeing long-term stays. The vacation rental company is focused on expanding its long-term rental business, meaning stays of 28 days or more, CEO Brian Chesky said at a travel conference, Reuters reported Thursday (Sept. 19). “Stays of...

Travel Payments
Expedia Teams With Influencers and Celebs on Shoppable Storefronts
September 16, 2024

Expedia has launched a series of “shoppable storefronts” curated by social media influencers and brands. The company’s Travel Shops, announced Monday (Sept. 16), allow creators to share and save travel recommendations using the Expedia app. “Every day, people are liking and buying products recommended by influencers they trust,...

Travel Payments
Klarna and UATP Partner on Flexible Payment Options for Airlines
September 10, 2024

Global payment network UATP and buy now, pay later (BNPL) provider Klarna have partnered to allow airlines to offer Klarna’s flexible payment options. With this collaboration, airline customers can select Klarna’s immediate payments; short-term, interest-free BNPL; or longer-term financing for travel products and services, the...

Travel Payments
One in Every Ten Dollars Globally Spent on Travel in 2024
September 03, 2024

Travel spending will generate a record 10% of gross domestic product (GDP) this year. That’s according to a report Monday (Sept. 3) by Reuters, citing data from World Travel and Tourism Council (WTTC), a non-profit membership group. The WTTC estimates show the travel industry contributing...

Travel Payments
Travel Platforms Reroute Strategies to Elevate Customer Engagement
August 16, 2024

As inflation reshapes consumer spending, travel giants Expedia, Airbnb and Booking Holdings are adjusting their strategies to drive customer engagement and bookings amid shifting family budgets and evolving preferences. Expedia is enhancing its One Key loyalty program with a co-branded credit card and expanding its global...

Travel Payments
Private Jet Demand Dips as Prices Rise and COVID Fears Fade
August 16, 2024

Private jet charter flights reportedly experienced a decline of 15% in the first half of this year compared to their peak in 2022. The drop in demand can be partly attributed to a waning of the surge in demand caused by the pandemic and to...

Travel Payments
Airbnb: Travelers Delay Booking Accommodations Amid Macro Uncertainty
August 06, 2024

Airbnb has seen shorter booking lead times in recent weeks, with customers around the world booking their accommodations closer to their expected time of arrival. A growing share of customers are booking just days or a couple of weeks in advance, Airbnb executives said Tuesday...