Travel companies know that payments innovation is mission-critical when it comes to acquiring and retaining consumers all over the world. It’s a clear fact in the data — 81 percent of travel firms indicated that payments innovation is on the menu for the next three years, according...
The global travel industry generates approximately $1.4 trillion in revenue annually and, in doing so, spends 5.4 percent of its revenue processing payments. In fact, worldwide airlines, travel agencies and hotels spend some $75 billion per year to pay their payment service providers. That’s as...
September 11, 2018
Travel companies know that payments innovation is mission-critical when it comes to acquiring and retaining consumers all over the world. It’s a clear fact in the data — 81 percent of travel firms indicated that payments innovation is on the menu for the next three years, according to the PYMNTS/Amadeus IT Group Travel Payments Study. Bart Tompkins, […]
September 11, 2018
Airlines and hotels are not payments companies — and they don’t want to be. They are in the business of flying planes and managing hotel rooms and that is where they would prefer to lay their focus. But, like it or not, payments are not only a part of the travel business — they are […]
