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Credit and Debit Cards Dominate Online Travel Payment

2014-04-14

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The new report "Global Online Travel Payment Snapshot 2014", confirms that credit and debit card dominate in the vast dynamic market of online payment for travel and lodging, while alternative payment methods are slowly making inroads.


Alternative payment methods such as E-Wallets, online banking and mobile payment are on the rise, and the digital currency Bitcoin is also accepted by some online travel agencies."


Global developments in online payments for online travel.
One general trend in online travel is the increasing use of mobile devices to make reservations, especially by business travelers and consumers who book last minute trips. With the increasing use of smartphones and tablet computers for travel planning, payment methods have to adapt to the emerging trend in consumer practice. A third of airlines already plan to facilitate the use of mobile payments for booking purposes in the next two years. PayPal is already accepted by an increasing number of travel booking websites.


More details at hotelmarketing.com