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Travel Payments Study

Payments by the numbers in the travel industry:

– Global travel industry generates ~$1.4 Trillion /yr
– 5.4% of revenue is spent on processing payments
– Airlines, travel agencies, and Hotels pay ~$75 Billion /yr to payment service providers
– $31.9 Billion /yr =hotel industry spend on payment fees
– 48.7% of travel companies say their payment structures’ complexity hinders innovation
– 4 in 10 travel operators are managing multiple payment service providers

you can get the detailed report here:

Travel Payments Study

Published inMarket snapshot

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