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How Younger Generations Impact Travel Marketplaces, Payments

PYMNTS

What this demographic wants out of peer-to-peer (P2P) marketplaces is changing, however, as more millennials become fully active members of the working world. Millennials are still spending money on trips and vacations, but how and where they do so is shifting. Millennials And Their Changing Travel And Payment Opinions.

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Travel Meets Connected Commerce

PYMNTS

This fact was recently illuminated by a Booking.com finding that 20 percent of customers will bail on a booking they’ve begun if denied usage of their preferred alt-pay method. Travel players on the leading edge are vying to stay there through payments innovation. Millennials will spend an estimated $1.4 Trillion Vacation.

Meeting 141
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Splitty Makes It Easier To Grab A Piece Of The Travel Industry

PYMNTS

Travel industry services are catering to the thousands of millennial and Gen Z travelers who are booking big trips by augmenting their platforms with online and mobile support. Travel platforms are enabling more online bookings than ever, and 83 percent of U.S. Merchants Need To Rethink Booking.

Industry 168
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Digital Payments, Online Ordering And Memberships Top This Week’s News

PYMNTS

Millennials Drive More to Faster Payments . Millennials and Gen Z are among the groups that are most likely to have received instant payments. NEW DATA: Five Payments Innovations for Winning the Digital-First Shopper. Booking Holdings CEO Says Travel Recovery Will Take Years, Not Quarters. Trackers and Reports.

Online 148
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Corporate T&E Adjusts To The ‘Bleisure’ Wave: Rydoo

PYMNTS

A new generation of professionals have changed the way they travel for work and, as a result, how those employees want to book and pay for that travel. “Technology and demographic changes are transforming business travel. The Pew Research Center found millennials are already the largest generation group in the U.S.

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AI’s Place In The $50B RV Market

PYMNTS

Technology and social media company Facebook is also growing more involved in the sharing economy. Some marketplaces are finding innovation in this space easier than others. Why Travel Firms Need To Cater To Millennial Payment Preferences. Millennials have a different take on travel than previous generations.

Marketing 132
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Why AI Could Be Fashion Rental Platforms’ Next Big Thing

PYMNTS

Technology may be changing, but the level of service consumers want from businesses is not. While many of these customers belong to the millennial and Gen Z age groups, and prefer to communicate via text or Messenger, companies in the sharing economy still need to maintain familiar channels, like contact lines, to satisfy older customers.