TRAVEL TECHNOLOGY

Safeguarding the future of travel

July 8, 2021

This whitepaper explains:
  • Travel is an ultra-high-risk sector for card acquirers because most payments are for future delivery. If merchants fail to fulfill a service for which they have taken payment (often months in advance) customers can recover their money from the acquirer by initiating chargeback.
  • Acquirers traditionally demand substantial cash collateral (holdbacks) or other financial security from travel merchants to mitigate this risk.
  • Holdbacks lock away substantial funds for travel companies and can therefore be highly damaging to liquidity.
  • High-profile collapses and the COVID-19 crisis have driven acquirers to impose  harsher terms or quit the travel sector completely.

Spotlight

Fursan Travel

Fursan Travel is the Kingdom’s leading provider of leisure and corporate travel, meetings and events, and GSA services. With a growing number of branch locations, increased investment in technology and people, and a fresh approach to travel management, we’re offering our customers more choice than ever before. With Fursan Travel, “one call does it all”. Contact us at 920010788 within KSA, (+966) 11 484 6444 or visit us online at http://www.fursan.com.sa. for booking online Gofursan.com

OTHER WHITEPAPERS
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An Uncertain Future: COVID-19's Global Impact on the Travel Industry

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21st Century Forecasting for the Travel & Hospitality Industry

whitePaper | May 20, 2021

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The Latest Trends in Europe’s Travel Space

whitePaper | December 31, 2019

The European travel space is a lucrative business for sites offering accommodations, flights and vacation packages. People in Europe have an average per capita purchasing power of close to €15K and tend to travel more than any other region in the world. But as this report will show, traffic and user acquisition statistics for top travel sites tend to differ when looked at in terms of country, device, category or sector.

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COVID-19 AND THE FUTURE OF TOURISM IN ASIA AND THE PACIFIC

whitePaper | March 19, 2022

Tourism in the region has been rapidly transforming for decades. Rising regional incomes and shifting consumer consciousness have shaped the growth of intraregional travel and customer preferences. Global megatrends such as digitalization and globalization have also influenced the sector. Yet even among these major changes, the COVID- 19 pandemic stands as a milestone in tourism’s development in our region. Existing trends, such as digitalization, have been accelerated, and industry faces new demands in areas such as health and safety protocols. Many tourism businesses across the region are thus reimagining the future of tourism and their place in it.

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Maximizing revenue across the traveler’s journey

whitePaper | January 22, 2020

The travel technology world is thriving, with a considerable amount of innovation occurring in Ireland. To highlight this, Enterprise Ireland, the trade and development agency of the Irish government, commissioned Atmosphere Research Group, an independent and objective travel industry market research firm, to prepare this Thought Leadership Paper. Atmosphere Research interviewed 10 of Enterprise Ireland’s portfolio companies, forming our own opinions about each firm. The report also includes data from Atmosphere’s proprietary studies of travelers in five countries that Enterprise Ireland selected:

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Spotlight

Fursan Travel

Fursan Travel is the Kingdom’s leading provider of leisure and corporate travel, meetings and events, and GSA services. With a growing number of branch locations, increased investment in technology and people, and a fresh approach to travel management, we’re offering our customers more choice than ever before. With Fursan Travel, “one call does it all”. Contact us at 920010788 within KSA, (+966) 11 484 6444 or visit us online at http://www.fursan.com.sa. for booking online Gofursan.com

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