Reading Time: 5 minutesSeveral high-profile business names have recently shared their opinion on the future of business travel in the wake of the ongoing COVID-19 pandemic, which has taken close to 2.5 million lives, ravaged economies, devastated supply chains and international trade, and cost the global travel industry an estimated $935 billion. While both leisure and business travel […]
Read More →Reading Time: 4 minutesFrom both a consumer and B2B perspective, hotel payment has evolved significantly in response to the global pandemic. In 2020, innovative contactless payment methods and a focus on fraud prevention took center stage, but what will shape payment in 2021? Recently, Onyx’s Senior VP of Product and Marketing Brian Clubb participated as a panelist in […]
Read More →Reading Time: 4 minutes2020 brought dramatic ups and downs to the travel industry. Airports recorded a reduction of more than 6 billion passengers. Innovation brought the wonders of travel temporarily to the living rooms of people all around the world living under stay-at-home orders. There was hope in the form of a vaccine that promises a brighter future […]
Read More →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, […]
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