Reading Time: 3 minutesCOVID-19 has undoubtedly had a massive impact on the hospitality industry, including an estimated loss of $4.5 trillion in revenue, but as we move into the second quarter of 2021, there are signs of life at the end of the tunnel. An increase in vaccinations and reopening plans in several regions worldwide have signaled that […]
Read More →Reading Time: 4 minutesTravel agent money management is an essential art to master in the aftermath of the COVID-19 pandemic. The industry has already seen a rise in travel in the early months of the vaccine, with TSA traveler throughput volumes increasing 55% from February to March alone. As the travel industry starts its ascent back to pre-COVID […]
Read More →Reading Time: 4 minutesAs the hospitality industry continues to navigate the COVID-19 pandemic and early stages of recovery, a common sentiment among hotels is a focus on fundamentals—ensuring the foundational elements are in order to achieve success as the market recovers. While a focus on restoring revenue is key in recovery, agency relationships also play a pivotal role. […]
Read More →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 […]
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