Articles tagged “travel technology”

International visitor spending in India in 2023 was 14% below pre-pandemic levels. UPI One World wallet eliminates the need for international travelers to carry currency, and could boost tourism spending in India.

Wyndham said its RevPAR (that's hotel-speak for "how much money we make per room") might be flat this year, but its EBITDA (that's finance-speak for "profits, kinda") was still looking good. The hotel franchisor partly chalked that up to an improved tech game that has helped it boost margins.

Niche vacation rental platforms are still raising money, just not quite as often as during pandemic times.

When you think of group tours, do rigid schedules, crowded buses, and a lack of authentic experiences come to mind? Nick Lim, The Travel Corporation's Asia CEO, talks about how they have changed that perception.

Travel startups raised roughly $2.8 billion during the first half of 2024. They had raised only $1.3 billion during the same period in 2023.

Modernizing payment and financial operations systems has become one of the top priorities for small- and medium-sized travel companies as they aim to achieve global scale rapidly and strategically. The choices they make today to streamline and unify their payment and financial operations will impact their ability to stay competitive in the future.

Driven by an increase in spending power, Indians are traveling to the U.S. in huge numbers. Gains are further boosted by major sporting events held in the U.S., as Indian sports fans are willing to travel far for events.

Accor will replace its legacy in-house platform with Amadeus's newest central reservation system over the next few years. The goal is to help reduce the hotel giant's reliance on costly online travel agencies by broadening the channels it can sell rooms on.

"It is impossible to rip out and replace everything we've got, because we are an industry where we have fragmentation," one investor told us.

The organization representing Amadeus and Booking.com says the new rules, as written, could leading to costlier operations for their members and travelers.