Managing Payments Costs the Industry Billions Each Year. The Solution: Better Fraud Management.
The good news is, things are looking up for travel agents. According to data published by Statista, the average travel intermediary’s profits as a share of revenue doubled from 6% in 2005 to 12% in 2015.
Learn the Top 3 Travel Fraud Indicators…and Where They Fall Short
The average card-not-present fraud rate in the travel industry went up 4% in 2017 compared to the previous year. That’s a startling increase,
Examining 4 of the Most Promising Travel Tech Tools
Advancing technologies play a role in shaping every industry, but the effect is especially pronounced in the travel tech space.
Many travel verticals have added pressures that other businesses don’t necessarily need to contend with.
OTAs Lose Billions Every Year to Travel Fraud…Here’s What to Do About It
Rapid growth and development in the OTA space has been a game-changer for the travel industry. Consumers enjoy more control over their ticketing,
Why "Game-Over" for One Player Is a Game-Changer for the Industry
The travel industry was rocked by the sudden and dramatic closure of British air carrier Monarch in October 2017.
The way the event unfolded really did seem like something out of a video game—the carrier appeared to be flying high one moment,
4 Ways Blockchain Could Revolutionize the Travel Industry
What if there were a way for airlines to increase profits and significantly reduce operation costs, all without sacrificing the level of service delivered to customers?
How Loyalty Program Fraud Takes Travel & Entertainment for a Ride
Rewards and other perks for repeat patrons are a great way of encouraging customers to keep coming back. But these same value-added services can also cost businesses in the travel and entertainment industries millions each year through loyalty program fraud.
How Secure Is Your Personal Data When Making an Airline Reservation?
In the age of global terrorism, high-tech hackings, and ransomware attacks, can the airline industry protect your privacy? Carriers are being asked to gather more and more personal passenger information without a corresponding increase in data security measures.
Duty-Free Shopping May Benefit Carriers, but it May Also Cost Them
Carriers throughout the European market are currently working to catch up to their North American counterparts in terms of onboard internet access. However,
Will New Revenue Streams Cause Profit Loss for Airlines?
In an often-unstable global economy, it can be challenging for airlines to generate necessary profits. As a result, many legacy carriers are experimenting with new revenue streams,