TRAVEL TECHNOLOGY

International Payments Leader Nuvei Partners with Edgar, Dunn & Company to Share Best Practices on Growth Strategies for Travel Operators

Nuvei | January 20, 2021

International Payments Leader Nuvei Partners with Edgar, Dunn & Company to Share Best Practices on Growth Strategies for Travel Operators
Nuvei, the payment technology partner of flourishing brands, announces report and overview  of "Redefining travel payments in the post-COVID-19 era," a white paper report and survey pinpointing growth strategies for travel operators in the aftermath of the pandemic, driven by payment technology. Created as a team with Edgar, Dunn and Company ("EDC"), with investment from Visa, this far reaching study contains information, experiences and noteworthy insight for the travel area as it designs its 2021 rebound, including the basic significance of a computerized first system, the best and innovative payment models to receive, and what authoritative changes could all the more quickly catalyze growth opportunities.

The COVID-19 pandemic and its connected isolates and travel limitations significantly affected travel industry income all through 2020, leaving related organizations looking for arrangements. The new arrival of antibodies has flagged a promising end to current circumstances, furnishing travel administrators with the certainty to set their rebound strategies in motion. It was considering this that Nuvei got together with EDC, an autonomous, worldwide technique counseling firm having some expertise in payments and computerized monetary administrations, to deliver "Redefining travel payments in the post-COVID-19 era."

The report includes top to bottom experiences into current industry problem areas and payment-related answers for the future, interviews with top aircrafts and online travel specialists and an industry-wide review directed among September and November 2020, just as examination of the outcomes. It features changing client assumptions that require new methodologies for progress, including utilizing payment technology to a more noteworthy degree than previously and intended to support merchants in their recovery.

Spotlight

The hospitality and tourism industry has always managed to transform itself. With the advent of technology and the internet, people no longer need to physically book their trips with travel agents. With the increase in number of websites like Expedia, Booking.com, Skyscanner, Kayak, eDreams etc. (used to book and compare airline tickets, hotel reservations, car rentals, vacation packages and various attractions and services via the internet) booking has been made easy and new services are springing up more than ever: Airbnb, HotelTonight etc. all of which facilitates the process for customers.

Related News

Jewish National Fund USA Launches Virtual Tours to Israel, Registration Ongoing

Jewish National Fund | May 13, 2020

The Jewish National Fund USA (JNF), just launched virtual tours, taking people to Israel and showing them iconic places. People buy seats on virtual buses, they have a professional tour guide all via Zoom. Business Bureau consistently award Jewish National Fund with their highest ratings, indicating the organization’s trustworthiness and fiscal responsibility. Since the stay-at-home orders have been put in place so many of us have canceled our travel plans, domestically and internationally. In fact, according to the World Tourism Organization, international tourism could decline by 60-80% over the entire year and that means billions of dollars in lost revenue. However, some San Diegans are finding different ways to travel. The Jewish National Fund USA (JNF), just launched virtual tours, taking people to Israel and showing them iconic places like the Old City of Jerusalem, the Dead Sea and much more. Here's how it works People buy seats on virtual buses, they have a professional tour guide all via Zoom. Just last week, a San Diego group finished their five-day virtual trip. JNF board member, Lauren Lizerbram, and her husband Sol, who is the national president of JNF, experienced the virtual trip. It's really really a fun, exciting, emotional, motivating trip. It was a fabulous idea. It really took off beyond our wildest expectations and, like I said, we have over 700 people signed up. We really want to support these licensed tour guides in Israel ~ Lizerbram The five-day experience is $50. All of the money goes to the tour guides in Israel who aren't working right now. The virtual tours are an hour a day. Seven hundred people have already registered. Learn More: WHAT POSITIVE TRAVEL TRENDS COULD COME FROM CORONAVIRUS?

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BUSINESS TRAVEL

TripActions Liquid Payments and Expense System now Integrates with Leading Corporate Finance Systems

TripActions | January 11, 2021

Corporate travel management platform TripActions said in an official statement that its TripActions Liquid payments and cost framework presently incorporates with driving corporate finance systems. Among the enterprise resource planning (ERP) frameworks with which TripActions Liquid communicates now are NetSuite, Microsoft Dynamics, Sage Intacct, SAP and Xero, according to the release. "This integration automates and integrates [travel and entertainment (T&E)] and ERP data to help finance teams experience an entirely new level of visibility over financial data," Michael Sindicich, general manager of TripActions Liquid, said in the release. "An automated link with ERP systems will improve analytical capabilities and provide executives with true spending intelligence across the greater organization." Among the advantages of the integrations TripActions promotes in the release about the new mixes is that account groups will have the option to follow costs as they're caused instead of when representatives submit them. TripActions states in marketing materials that a major preferred position it offers business travelers is a powerful online platform combined with admittance to human travel agents 'round the clock. TripActions' contributions incorporate the Liquid payment card, which PYMNTS detailed kills frustrations that arise — in any event, during seasons of limited travel — that come from having employees working from remote outposts.

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Dubai Tourism partners with Microsoft to streamline data-driven services

Microsoft | August 09, 2020

Dubai's Department of Tourism and Commerce Marketing (Dubai Tourism) has partnered with Microsoft to further streamline data-driven services offered to stakeholders. The move will also enhance the e-learning platform for the Dubai College of Tourism (DCT) and adopt an innovative approach towards showcasing the city as a must-visit destination. The wide scope of collaboration between Dubai Tourism and Microsoft is largely based on leveraging the Azure cloud platform, which provides a range of services from computing to networking, databases to analytics, and artificial intelligence designed to help organisations run their digital systems and processes more efficiently. Dubai Tourism's goal is to create a strong data analytics platform on the cloud that will help it share valuable business insights via online dashboards to facilitate managerial decision-making and to constantly update public and private stakeholders with critical industry-related information.

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Spotlight

The hospitality and tourism industry has always managed to transform itself. With the advent of technology and the internet, people no longer need to physically book their trips with travel agents. With the increase in number of websites like Expedia, Booking.com, Skyscanner, Kayak, eDreams etc. (used to book and compare airline tickets, hotel reservations, car rentals, vacation packages and various attractions and services via the internet) booking has been made easy and new services are springing up more than ever: Airbnb, HotelTonight etc. all of which facilitates the process for customers.