article thumbnail

Reaching Millennial Travelers With Payments Technology

PYMNTS

Hotels, airlines and homesharing platforms need strategies to satisfy the travel needs of four generations of jetsetters, who each have different booking and payment preferences. Some millennials, in one case, would abandon travel booking processes if their preferred payment method was not offered. 59%: Share of U.S.

article thumbnail

Deep Dive: Travel, Hospitality Get A Millennial Makeover

PYMNTS

Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave. Furthermore, millennials are set to spend $1.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Taking A Sharing Economy Approach To Hotel Booking

PYMNTS

That idea gradually morphed into Roost, which allows consumers to book a hotel and find a roommate. They can then choose the regions or neighborhoods in which they are comfortable staying, and pay for their room with a credit or debit card via Stripe. The company’s target market includes Gen Z and millennials. The Platform.

Las Vegas 142
article thumbnail

Homesharing Platforms Vie For Millennial, Gen Z Travelers

PYMNTS

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Approximately 70 percent of guests use Pay Less Upfront when it is available, Shrauger noted.

article thumbnail

What’s Under The Millennial Christmas Tree This Year?

PYMNTS

However, after almost 50 years, it began to fade in the 1980s, disrupted by the emergence of store-branded credit cards. Yet, instead of offering the option to pay now and buy later, the credit cards reversed the order of operation and allowed customers to buy now and pay later over time. That’s not all.

article thumbnail

5 Considerations When Seeking a Financial Advisor

Perficient

However, those not in the wealthy or close to retirement-age categories – i.e., Gen Z-ers, millennials, and low to mid-income individuals – could greatly benefit from a financial advisor’s assistance, and financial advisors can stand to profit by diversifying their business books, as well. population. population.

article thumbnail

Amex Plans New Restaurant Reservation Offering For Platinum Customers

PYMNTS

To help its Platinum cardholders book tables at restaurants through their phones, including those that have Michelin stars, American Express plans to roll out a reservation service that will be reportedly similar to OpenTable. The offering will arrive in the U.K. this fall before coming to the U.S. The offering will arrive in the U.K.