The travel industry is one of the world’s largest industries. Each year, the travel and tourism industry has a huge economic impact, including: accommodations, transportation, attractions and entertainment. However, despite considerable success, businesses do struggle to secure certain services that are critical to operating smoothly. Why? Traditional lenders consider the travel and tourism industry “too
Travel industry trends are always changing in accord with new opportunities brought about by the modern world of technology. The world of travel and hospitality has entered a new era of growth and transformation. Global business travel spending accounted for $1.2 trillion in 2015, which is up 5% from 2014. Travel and Hospitality Industry One
Credit card payment capability is inevitable for specialized transportation. Private airline service providers and jet charters choose credit card processing for most of their customers. This is a high ticket industry, with considerable risk exposure, so traditional merchant service providers usually refuse to open a merchant account for a startup airline or charter business. Fortunately,
The recent years in the US airline industry have witnessed improved balance sheets, increased valuations. The industry has generated 13 consecutive quarters of profitability with operating margins near or above 10%. Airline industry demand is expected to grow even more in 2017. In January 2017, demand for the major 7 players increased by an average
Women play a dominant role among travel consumers and sellers, but they don’t occupy the highest decision-making positions in the industry. In 2014, women made 80% of travel decisions, which equals to $125 billion of the travel industry’s purchasing power. Women are becoming more and more confident and empowered to travel alone, as the recent
The credit card processing industry currently classifies the travel business among the dreaded “high-risk” class of economic ventures. This due to the fact that most travel agencies finalize transactions prior to the day of travel, which means the customers pay in advance. The early payment leaves the merchants open to chargebacks due to unforeseen changes
Merchant accounts can be easy to find for many merchants, but for those in the travel industry it can seem like an impossible task. Travel agencies, booking agencies, and websites promoting various issues can be seen as “high risk” by the processing industry, leaving you in a jam. Instead of just Googling for a random
Are you involved with travel agencies, packages, and clubs? If yes, location means a lot to you. You know that travel and timeshares must be accessible anywhere, let alone accepting payments electronically anywhere anytime. Running a Travel Agency? If you are operating in the travel industry, meaning you own a travel agency, tour guide service,
“Play by the rules, but be ferocious.” – Ph. Knight There is a high level of competition in the travel industry. The travel and tourism sector is also so much diverse. No matter what products and services travel marketers offer, they should focus on the below-mentioned main SEO rules. Also, it is immensely important for
The travel industry is going through a renaissance. Not only are people who used to travel coming back, but Millennials are also discovering the wonder of travel. But even with a new generation spending thousands in disposable income on travel, many companies still use old payment processing services to manage their client’s accounts. A continued
