PYMNTS-MonitorEdge-May-2024

Travel Payments

Expedia Sees ‘Tremendous Momentum’ in B2B Segment
Expedia Sees ‘Tremendous Momentum’ in B2B Segment
August 04, 2023  |  Travel Payments

Travel website Expedia has a well-known consumer-facing website, but it also delivers a growing number of products behind the scenes. The company is seeing “tremendous...

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Robust Leisure Travel Demand Drives Booking Holdings’ Q2 Performance
Robust Leisure Travel Demand Drives Booking Holdings’ Q2 Performance
August 03, 2023  |  Earnings

Online travel company Booking Holdings reported strong results for the second quarter, driven by robust leisure travel demand and a focus on artificial intelligence (AI) technology. “I...

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TripAdvisor’s Revenue Grows 18% as Consumers Seek Experiences
TripAdvisor’s Revenue Grows 18% as Consumers Seek Experiences
August 03, 2023  |  Travel Payments

Consumers are hungry for experiences, and that’s been good news for TripAdvisor. The travel service announced second-quarter 2023 earnings results Thursday (Aug. 3) that showed...

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Expedia Sees 15% Gain in Active Loyalty Members but Booking Growth Slows
Expedia Sees 15% Gain in Active Loyalty Members but Booking Growth Slows
August 03, 2023  |  Earnings

Expedia’s second-quarter results showed gains in loyalty membership, a surge in B2B contributions as travel is becoming more affordable amid a pullback in pricing. But...

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Domestic Airlines Struggle as Consumers Embrace Global Travel
Domestic Airlines Struggle as Consumers Embrace Global Travel
August 03, 2023  |  Travel Payments

This summer has brought a travel boom. Just not in the way airlines might have expected. As Bloomberg News reported Thursday (Aug. 3), travelers seem to want to...

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Global Travel Propels MGM Resorts’ Q2 Revenue
Global Travel Propels MGM Resorts’ Q2 Revenue
August 02, 2023  |  Earnings

MGM Resorts reported Wednesday (Aug. 2) a second-quarter revenue of $3.94 billion, representing a 21% year-over-year increase. The company also beat Wall Street’s consensus estimate...

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Affirm Lets Cathay Pacific Travelers ‘Pay Over Time’
Affirm Lets Cathay Pacific Travelers ‘Pay Over Time’
July 27, 2023  |  BNPL

Hong Kong-based airline Cathay Pacific has chosen Affirm as its U.S. “pay-over-time” partner. The partnership, announced Thursday (July 27), lets the air carrier’s customers use Affirm’s buy now, pay later (BNPL)...

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Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into the Fold
Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into the Fold
July 27, 2023  |  Buy Now Pay Later

The build vs. buy debate is a perennial one in technology, and in payments.  For neobank Upgrade, in the bid to extend its credit, mobile...

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Business Travel Platform BizAway Receives $11 Million to Drive Innovation
Business Travel Platform BizAway Receives $11 Million to Drive Innovation
July 24, 2023  |  Investments

Business travel platform BizAway has received 10 million euros (about $11 million) of new medium-term funding to help propel its growth. BizAway will use the new capital...

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