Buy now, pay later - a form of credit that allows a consumer to pay off a purchase over time in smaller installments - has taken off in the travel industry in recent years. From 2019 to 2021, the number of BNPL loans originated in the United States by five lenders grew by 970%, to 180 million loan [...]

Following a “red-hot” summer, a new report by digital intelligence platform Similarweb paints a “mixed picture” of travel trends, according to Similarweb senior insights manager Jim Corridore. The report uses data from three of the biggest online travel agencies: Expedia, Airbnb and B [...]

The third quarter was Airbnb’s most profitable quarter ever, the company reports. Revenue for the period ending Sept. 30, 2022, was $2.9 billion, up 29% year-on-year, while adjusted EBITDA was $1.5 billion – a 32% climb from Q3 2021. Net income for the third quarter of 2022 reached $1.2 b [...]

BARRING no major disruptions, the tours, activities and attractions (TAA) sector will exceed pre-pandemic levels by 2024, with global revenue reaching $260 billion. But the recovery will be uneven, with certain regions, channels and segments recovering faster than others. Online travel agencie [...]