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

Airbnb: How To Win The $1.4T Battle For Millennials

PYMNTS

Airlines, hotels and homesharing platforms need strategies to satisfy the travel needs of four generations of jetsetters, each with different payment and booking preferences. For example, studies show that one in every five millennials would abandon travel booking processes if their preferred payment method was not offered.

article thumbnail

Leavy App Raises $14M To Help Millennials Raise Travel Funds

PYMNTS

Paris-based startup Leavy.co , which offers a travel app to help millennials finance their travel plans, has raised $14 million. Founded in 2017 by CEO Aziza Chaouachi, the app has been described as a “travel community and marketplace” that wants to help millennials travel for less. ” The Leavy.co by the end of this year.

article thumbnail

Groupon Buys AI Tool To Offer Text, Chat Bookings

PYMNTS

A study by eMarketer shows that most people, especially millennials , prefer to chat or message instead of calling on the phone. It will handle bookings, give answers right away when a customer asks a question, and it will also be able to remind customers when they need to re-book.

Tools 100
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 concept was mainly for music festivals and events – places where lots of younger, open-minded people are traveling on the same dates. 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.