Articles tagged “merchant model”

Online Travel

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Cryptocurrency is only in its early days, but already it's easy to see how its mission to democratize the financial system might be co-opted. And do currency reformers really need Facebook, with all of its baggage, leading this Libra effort?

Dennis Schaal, Skift | 5 years ago

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Online Travel

Expedia Faces Traveler Fee Lawsuit Alleging Tax Fraud and Racketeering

Online travel agencies have been vehemently opposed to detailing the components of the taxes and fees they collect on prepaid hotel bookings because it would expose the wholesale rates they obtain from hotels and the markups that the booking sites impose. This lawsuit could potentially impose changes in Expedia's financial relationship with its affiliates.

Dennis Schaal, Skift | 5 years ago

Expedia Faces Traveler Fee Lawsuit Alleging Tax Fraud and Racketeering

Online Travel

Booking Holdings Makes Major Pivot Toward Prepaid Hotel Bookings

It's back to the future for Booking Holdings, which is pivoting to emphasize the prepaid hotel model that its Booking.com unit basically spurned for most of its history. This means better cash flow because consumers pay when they book, and higher commissions.

Dennis Schaal, Skift | 6 years ago

Booking Holdings Makes Major Pivot Toward Prepaid Hotel Bookings