Trip.com Group today showcased its vision for the future of travel at its Envision 2023 global partner conference. The conference was attended by about 700 industry partners globally.
25.08.2023 - 14:38 / skift.com / Asia Pacific / Matthew Parsons
China’s Trip.com has struck two new partnerships, covering the UK and Asia Pacific, to give customers the opportunity to delay or spread out payments for their purchases.
In Asia Trip.com has joined forces with Atome, while in the UK it will use Klarna.
Trip.com bookers in the UK will see Klarna as an additional payment option when they arrive at check-out, where they’ll be able to choose one of three payment options: pay the full amount immediately, pay the full amount within 30 days, or pay in three installments over 60 days.
Trip.com’s Atome partnership will first only be available in Singapore, before other Asia Pacific regions in 2023.
In the face of a squeezed household budgets, buy now pay later schemes are becoming more popular. They tend to be common when buying bigger ticket items, like a vacation, but even food delivery platforms are looking to split payments for customers.
Klarna claims its short-term, interest and fee and fee free credit products deliver positive outcomes for consumers, with extremely low default rates of “well below 1 percent”.
“Klarna assesses a consumer’s ability to repay on each purchase, taking a real time view of someone’s financial circumstances which means using Klarna is never guaranteed,” it said.The company restricts the use of its services if consumers miss a payment to prevent debt building up.
Trip.com offers 1.2 million hotels and flights from 480 airlines.
Trip.com Group today showcased its vision for the future of travel at its Envision 2023 global partner conference. The conference was attended by about 700 industry partners globally.
Affirm, the buy now, pay later vendor, now has both sides of what used to be called the online travel “duopoly” with its latest partner, Booking.com. The former duopoly, at least according to hotel industry critics, was Expedia Group and Booking Holdings. With the Thursday announcement that Booking.com customers would see Affirm’s buy now, pay later options at checkout when they are purchasing trips, Affirm now counts several Booking Holdings brands as partners, also including Agoda, Priceline and Kayak.
ITB China, the marketplace for China’s travel industry, is thrilled to announce its collaboration with Trip.com Group, the leading global travel service provider for this year’s highly anticipated event, taking place from 12 – 14 September 2023 in Shanghai.
Travel prices across Europe have started to decline, following months of continuous hikes in air fares and hotel rates. However, they’re expected to remain highly volatile for several years as the market undergoes a correction.
Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt’s interest rates to the Chinese online travel giant’s performance against specific environmental targets.
Travelers booking flights and hotels from Expedia in a co-branded feature in the Afterpay app can now choose to pay in four interest-free payments over six weeks, Expedia announced.
When a company as large as Shopify, circa 10,000 employees, declares it is banning meetings that involve more than two people, change is afoot.
Even though China’s recent relaxation of Covid measures is widely seen as a step forward for travel, Trip.com is still cautious in the very near term as winter is usually a slack season for both business and leisure travel.
Good morning from Skift. It’s Thursday, January 5, and here’s what you need to know about the business of travel today.
Cendyn, a software company that offers customer relationship management, digital marketing, and operations tools to hotels, has hired a new chief executive.
Online travel agency Trip.com Group hopes that cross-border travel capacity for China will be back to normal by the third quarter of this year.
Australia’s Flight Centre Travel Group is buying UK-based tour operator Scott Dunn for $148 million (A$211 million), in a bid to expand into the U.S., as well as the UK.