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...
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 Outdated payment systems, however, have long posed significant challenges for travel and hospitality businesses, leading to slow payouts, delayed disbursements and...
Airbnb is reportedly planning luxury offerings like personal chefs to entice travelers away from hotels. The company wants to move beyond accommodations and experiences to “services that will make it better for guests to stay in Airbnbs,” Chief Business Officer Dave Stephenson said in an interview with Bloomberg News Wednesday...
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. “The Last Transaction: Family Spending Habits Reveal Merchant Opportunities in Retail and Travel,” a PYMNTS...
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 Outdated payment systems, however, have long posed significant challenges for travel and hospitality businesses, leading to slow payouts, delayed disbursements and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....
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 its artificial intelligence (AI) capabilities and to grow alternative accommodations all saw progress during the quarter, Booking Holdings CEO Glenn Fogel said Wednesday (Oct. 30) […]
September 03, 2024
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...
July 31, 2024
Airbnb is reportedly planning luxury offerings like personal chefs to entice travelers away from hotels. The company wants to move beyond accommodations and experiences to “services that will make it better...
May 13, 2024
Citi is enhancing its Premier credit card to offer new benefits and protections for travelers. The banking giant’s Strata Premier card, announced Monday (May 13), offers increased benefits and more opportunities to...
