Travel Payments

Amex GBT Says Global Business Travel to Top $1 Trillion in 2023
Amex GBT Says Global Business Travel to Top $1 Trillion in 2023
March 09, 2023  |  Earnings

Business travel is back in a big way, which is good news for travel platforms. This, as American Express Global Business Travel (Amex GBT) leaders...

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Business-Focused Hotels Reportedly Have Difficulty Accessing Credit
Business-Focused Hotels Reportedly Have Difficulty Accessing Credit
March 06, 2023  |  Loans

Business-focused hotels that survived the pandemic shutdowns are now facing other challenges. Difficulty accessing credit is among the problems they are coping with today, The...

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Consumers Crave Escape as Travelers Keep Spending 
Consumers Crave Escape as Travelers Keep Spending 
February 25, 2023  |  Travel Payments

Some call it “revenge travel” but it’s really more of a “great escape.” This, at a time when inflation-flattened consumers are cutting back on everything...

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Booking Holdings Says Hotel Stays Finally Eclipse Pre-COVID Levels
Booking Holdings Says Hotel Stays Finally Eclipse Pre-COVID Levels
February 23, 2023  |  Travel Payments

Online travel agency Booking Holdings delivered a strong fourth quarter, driven in no small part by changes in its payments strategy and digital booking capabilities,...

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Voxel and Booking.com Launch Invoice Collection Tool for Travel Industry
Voxel and Booking.com Launch Invoice Collection Tool for Travel Industry
February 10, 2023  |  Travel Payments

Voxel has partnered with Booking.com to deploy an invoice collection tool for the travel industry. TravelDailyNews reported Friday (Feb. 10) that the Spanish B2B payments firm and the travel website...

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American Express and Microsoft Develop AI-Powered Business Travel Expense Reporting
American Express and Microsoft Develop AI-Powered Business Travel Expense Reporting
February 09, 2023  |  Travel Payments

American Express and Microsoft are working to simplify business travel expense reporting. The companies have developed an artificial intelligence (AI)- and machine learning (ML)-powered solution...

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Alaska Airlines Says Tech Sector Business Travel ‘Severely Depressed’
Alaska Airlines Says Tech Sector Business Travel ‘Severely Depressed’
January 27, 2023  |  Travel Payments

Tech industry cutbacks are having an impact on business travel. During a Thursday (Jan. 26) earnings call, Alaska Airlines reported that while its overall corporate travel...

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Mastercard Says Q4 Spending Lifted by Travel Rebound but Slowdown Looms
Mastercard Says Q4 Spending Lifted by Travel Rebound but Slowdown Looms
January 26, 2023  |  Mastercard

Slower volume growth is in the cards, but consumers are still spending. Mastercard’s latest earnings results show at least some nod to economic uncertainty that...

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Kayak Says 40% Increase in Flight Prices Stokes Demand for BNPL  
Kayak Says 40% Increase in Flight Prices Stokes Demand for BNPL  
January 25, 2023  |  BNPL

Kayak is hoping installment payments will lure travelers as flight prices soar. The travel website announced Wednesday (Jan. 25) that it was working with buy now, pay...

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