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

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. The company’s target market includes Gen Z and millennials. The company offers rooms in markets like New York, San Francisco, Nashville, New Orleans, Chicago and Orlando. The Platform.

Las Vegas 142
Insiders

Sign Up for our Newsletter

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

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. The company has had success with this type of market vigilance, but hotels are quickly catching on. Market Growth and Opportunity.

article thumbnail

What ‘The Simpsons,’ Art And Millennials Have In Common

PYMNTS

“It was meant to be a criticism of the art market, and I think it’s going to double the value of the work.”. Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. It’s a very fast-moving market.”. million, including fees.

article thumbnail

Turns Out Millennials Buy Their Clothes On Amazon

PYMNTS

As retailers across categories fawn over shares of millennial spending power, new insight from market research and analytics firm Slice Intelligence indicates that, in terms of apparel market sales, one online retailer appears to have already won the battle. percent of online apparel sales go to millennials. Old Navy (5.1

article thumbnail

Millennials Spend Less While On Business Trips

PYMNTS

Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel.

article thumbnail

Why Flexibility’s The Ticket For Online Festival Booking Platforms

PYMNTS

Huge festivals might have hundreds of staff members, Sabban noted, but smaller and more independent promoters comprise the majority of the festival market. The Booking Process. Consumers can begin the booking process by selecting a festival on the website – say, The Airbeat One Festival in Germany – and then arrive at a guide page.

Online 130