Travel Tech Unfolded: Alternative Payment Methods
When it comes to growing your business, tapping into a global market hinges on making things localized for your travelers. What do we mean by this?
Travelers - like consumers in any industry - will be more likely to make a booking if their local currency and local payment methods are available at checkout. In this month’s Travel Tech Unfolded, we’ve got everything you need to know about alternative payment methods and how to get started offering them.
?As a travel business, the quickest method to scale is offering your tours to global markets – which means adapting everything from how you price your tours to the currency conversions you offer for the countries you’re targeting. Here’s how an integrated currency converter at checkout is one key to unlocking these global markets.
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For travel advisors selling group trips, managing operations - including handling hundreds of payments in and out of the business - can be a complex and time-consuming process, particularly for larger groups. Here, travel advisors share how their tips on everything from collecting deposits to choosing suppliers to partner with.
Across multiple industries, consumers are increasingly driven to transact when their preferred payment method is available - and travel is now following suit. Here’s why offering a variety of local payment methods is one of the most effective ways to drive bookings, save your business money on each transaction, and improve client satisfaction.
ABOUT WETRAVEL
Founded in 2016, WeTravel was built as a platform to support travel businesses by digitizing and simplifying the multi-day travel booking process. Now used by more than 5,000 companies--to transact with millions of travelers and thousands of suppliers, annually--the business has revolutionized how the travel industry managers and grows their businesses.
CEO/Owner Netrocket ?? B2B + Tech Inbound Marketing Expert ?? focused on Business Growth ?????? strategies.
9 个月Adapting payment methods to travelers' local preferences is crucial. Providing local currencies and payment methods at the local level increases the likelihood of bookings, making this aspect key to growth and success in the tourism industry.