Hotel Payments news and trends

Reeco Raises $10 Million to Grow Hospitality Procurement Marketplace
B2B Payments // March 28, 2023

Reeco has raised $10 million in seed funding and expanded the availability of its hospitality procurement marketplace. The marketplace, which connects hospitality buyers and suppliers, uses artificial intelligence (AI) to match the buyer’s order to one or more optimal suppliers, Reeco said Tuesday (March 28). “Reeco...

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

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 developed a tool to automate invoice collection to streamline reconciliation processes and ensure that invoices meet the legal requirements of...

HRS Debuts Invisible Pay To Increase Hotel Compliance
Travel Payments // October 24, 2019

In an effort to change the global hotel corporate payment process, end-to-end business travel technology provider HRS is rolling out a new corporate hotel payment platform. The Invisible Pay product aims to tackle the longstanding challenge of “high levels of out-of-policy spend and insufficient use...

Quick Reads
Reeco Raises $10 Million to Grow Hospitality Procurement Marketplace

March 28, 2023
Reeco has raised $10 million in seed funding and expanded the availability of its hospitality procurement marketplace. The marketplace, which connects hospitality buyers and suppliers, uses artificial intelligence (AI) to match the buyer’s order to one or more optimal suppliers, Reeco said Tuesday (March 28). “Reeco was built for the unsung heroes of hospitality,” Reeco Co-Founder […]

Voxel and Booking.com Launch Invoice Collection Tool for Travel Industry

February 10, 2023
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 developed a tool to automate...