Reading Time: 4 minutesWhile 2020 has been extraordinarily tough on travel, the industry is no stranger to periods of slow recovery. In fact, the effects of 9/11 on the profitability of airlines had only subsided for two years before the recession of 2008 hit, resetting the recovery clock. Hotels have traditionally bounced back from recessions quicker than airlines, […]
Read More →Reading Time: 4 minutesTravel agency commission settlement is an important steppingstone to building profitable relationships between hotels and travel agencies. Intermediaries, like travel agencies and OTAs, are an important part of a hotel’s distribution plan, and intermediary payments have grown to be the second largest expense of rooms departments. Along with a desirable hotel offering and tiered commissions, […]
Read More →Reading Time: 5 minutesFrom both a corporate and consumer standpoint, cross-border payments have integrated themselves into our daily life. Today’s companies do business around the world. Manufacturers source parts, materials, and labor abroad as often as they do domestically, and in some cases, large corporations outsource more than half of their business abroad. Global travel, both for business […]
Read More →Reading Time: 2 minutesOnyx CenterSource is excited to announce our new role as contributing data partner for the Skift Recovery Index. While the global hospitality market continues to navigate recovery from the COVID-19 pandemic, the availability of actionable data and insights remains vital. The Skift Recovery Index helps provide those insights by including a detailed view of the […]
Read More →Reading Time: 4 minutes When the hospitality industry speaks about payment innovation, much of the emphasis is put on guest payment experience in the hospitality space. With more and more guests demanding ease of payment for trips and hotel stays, it’s no wonder that keeping up with payment demand sees such enthusiastic discussion.But by concentrating on guest payments, […]
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