Categories
Digital digital payments payments Services travel travel payments

Expect Hotels to Mimic the Airline Payments Playbook as They Fight to Get Paid by Agencies

Hotel Zena, a new property from Viceroy Hotel and Resorts in Washington, D.C. Viceroy Hotel and Resorts Skift Take: Many guests pay travel agencies in advance for hotel bookings. But some agencies hold the money until weeks after a guest has checked out. Many hoteliers want to get the payments sooner. They could learn a […]

Categories
china china outbound China outbound travel Chinese travelers Digital mobile payments payments Services superapps travel travel tech travel technology trump wechat wechat pay

What Trump’s WeChat Ban May Mean for the Travel Sector

An image of a WeChat app user. Many U.S. based travel companies are reviewing an executive order from President Trump that bans WeChat, a superapp owned by tech giant Tencent. Tencent Skift Take: Trump’s ban on the Chinese superapp WeChat may turn out to be a mere annoyance for many Chinese travelers. But it could […]

Categories
Digital digital payments global blue mobile payments payments Services silver lake travel travel payments

Payments Firm for Airport Luxury Goods Shops Could Sell for $2.6 Billion

Woman with face mask shopping. Private equity firm Silver Lake disclosed concessions it offered to push through the $2.6 billion sale of its Swiss payments company Global Blue. Adobe Skift Take: Global Blue helps luxury goods shops at airports process purchases by international travelers. Private equity firm Silver Lake’s attempted sale of it looks likely […]

Categories
Digital digital payments mobile payments payments Services travel

The Travel Sector Is Retooling Back-Office Payments in Response to the Crisis

Apple Pay is one of the newer forms of payment that travel companies need to accommodate. The travel sector’s slo-mo refund process during the pandemic has upended the dull business of how money is sent and received. Apple Skift Take: The travel sector’s slo-mo refund process has infuriated everyone. So the crisis is upending the […]

Categories
acquisitions coronavirus Digital elliott management eNett gdss global distribution systems mergers payments Services travel travelport

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Widely divergent payment methods around the world provide an opportunity for disruption. Wex informed Travelport that it wants to back out of its agreement to buy eNett and Optal. Grab Skift Take: It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It’s […]

Categories
airlines corporate travel Digital hotels payments sabre Sabre Virtual Payments Services SkiftX travel Travel Services virtual cards

Executive Q&A: How to Cut Costs on Business-to-Business International Payments

Skift Take: Travel companies today are more dependent on moving money around the world than ever before. Minimizing the friction caused by foreign exchange fees, regulatory surcharges, and other international fees requires a secure and streamlined global payment solution. — Read the Complete Story On Skift

Categories
Digital digital payments fintech mobile payments payments Services travel travelport wex

Wex Buys Enett From Travelport for $1.7 Billion in a Travel Payments Mashup

A shot of Melissa Smith, Chair and CEO of payments company Wex, while speaking during a Ted Talk. Smith led the acquisition of eNett, a travel sector payments company. Wex Skift Take: With this deal, Wex now becomes a powerhouse in assisting business-to-business travel payments worldwide. The deal also gives cash to seller Travelport, which […]

Categories
alternative accommodations antitrust Booking Sites Digital hotels india makemytrip otas oyo payments travel

MakeMyTrip and Oyo Downplay India Regulatory Probe

Pictured is the Jai Mahal Lake Palace. Jaipur, India. MakeMyTrip pledges to cooperate with an regulatory probe in India about its relationship with budget hotelier Oyo. Jai Mahal Lake Palace Skift Take: MakeMyTrip definitely faces some near-term challenges, but it doesn’t consider a recently announced regulatory probe in India to be one of them. — […]

Categories
congress crypto crypto currencies Digital facebook libra payments Services travel

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

U.S. House Financial Services Committee Chairwoman Maxine Waters wants Facebook to solve a plethora of other issues before it entertains developing the Libra cryptocurrency. Bloomberg Skift Take: If the Facebook-inspired Libra cryptocurrency were ever to be one of the solutions travel and other companies might deploy to resolve global payment issues, they might want to […]

Categories
Digital Payment Technology payments skift tech forum stf2019 travel visa

Skift Tech Forum Video: Why Payment Strategy is Key to Travel’s Frictionless Future

Skift Take: A smart payments strategy sits at the heart of any successful travel business. But too many companies take this hidden infrastructure for granted in their decision-making. In this conversation with executives from Visa, we get a better sense of the evolving role that payments technology plays in today’s frictionless travel experience. — SkiftX […]