The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange company Travelex, tells PYMNTS that the continued use of cash as the primary payment method for...
American Express has launched a small business-focused integration with American Express Global Business Travel. The collaboration, announced Monday (Mar. 4), lets businesses issue a virtual card for their employees via American Express Global Business Travel’s (Amex GBT) Neo1 spend management platform. This integration, the company said in...
Travel is one of the top ways consumers with healthy financial safety nets treat themselves, PYMNTS Intelligence research finds, and airlines are reaping the benefits. By the Numbers The PYMNTS Intelligence 2023 study “New Reality Check: The Paycheck-to-Paycheck Report: The Nonessential Spending Deep Dive Edition,”...
Business travel has changed for thousands of workers, thanks to COVID, cost-cutting and environmental worries. That’s according to a Sunday (Feb. 25) Financial Times (FT) report, which says some big companies in the U.S. and Europe have stopped allowing nonessential trips, while many business travelers...
Airbnb has expanded its City Portal to more than 430 jurisdictions worldwide over the past three years. Launched in 2020, the City Portal provides local governments and tourism organizations with insights into the Airbnb landscape and tourism trends in their communities, Airbnb said in a...
Just as banking-as-a-service (BaaS) and software-as-a-service (SaaS) have reshaped their respective industries, a new “as a service” model is emerging in the travel and tourism sector. This tourism-as-a-service concept aims to redefine connected travel, harnessing the potential of advanced technologies such as artificial intelligence (AI)...
Travel industry software provider Sabre has announced the results of its collaboration with FinTech Revolut. The two tech companies said Wednesday (Feb. 7) that they were able to onboard more than 40 customers in less than a year, with Revolut’s virtual cards now being generated within the Sabre Virtual Payments...
ConnexPay launched a global travel card as part of a new suite of payment capabilities. The virtual card is designed to help ConnexPay’s travel company clients boost payment acceptance and minimize or eliminate foreign exchange fees, the payments company said in a news release Tuesday...
American Express and Delta have introduced a revamped version of their co-branded SkyMiles credit cards. The new cards, announced Thursday (Jan. 31), offer a series of benefits to both frequent and occasional flyers, and comes as a majority of consumers are embracing card-linked offers for travel-related purchases. According to an...
