Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant Group’s Alipay+ and other major international card organizations — have extended the International Consumer Friendly Zones program to the major...
Hospitality company Accor has selected financial infrastructure platform Stripe as its primary payments partner globally. After using multiple payment gateways with different providers, Accor is now working with Stripe to implement a single centralized system across all its hospitality properties for online bookings, the companies...
As we recently reported, despite steady signs of inflation, about half of U.S. consumers are planning to take summer vacations in the weeks to come — and many even anticipate spending even more this summer than last. But, as PYMNTS Intelligence recently revealed in its...
There are summer vacations. Then there are high-end summer vacations. And then there’s Inspirato. Bringing an innovative subscription and membership model to its affluent clientele, the company has just turned profitable in its 13th year of existence, leveraging a funding round of $25 million from...
Large corporations are reportedly catching up with small and medium-sized businesses (SMBs) in returning to business travel. While SMBs led the post-pandemic rebound in business travel, corporations are increasingly booking travel as well, Reuters reported Tuesday (June 4). Hotel CEOs attending the NYU International Hospitality...
Despite hard-to-shake concerns about inflation, nearly half of U.S. consumers are planning to take a break this summer — and many plan to shell out more on getaways this year than last year. According to PYMNTS Intelligence data, 48% of consumers have already made travel...
The hotel industry’s performance is being impacted by reduced travel volume caused by the rising cost of goods and services. So said STR, a provider of data, analytics and insights for the global hospitality industry, and Tourism Economics, a provider of intelligence on the economy...
Rho and Navan have launched a unified finance suite that customers can use to manage corporate travel and expenses, enforce expense policy compliance, send payments and close the books. This co-branded solution brings together the capabilities of Rho Corporate Cards and the Navan travel and expense super app, the companies said in a...
Sabre has launched an artificial intelligence (AI)-powered retailing platform designed to enable airlines to adopt an “offer and order” approach. The new SabreMosaic platform allows airlines to offer a more personalized and dynamic retailing experience and create new revenue opportunities, the company said in a Wednesday (May 22) press...
