Online Travel Update: Tripadvisor Plus announces initial hotel partners for its subscription service, and Booking Holdings reveals more details around their planned fintech business | Foster Garvey PC2 min read
TripAdvisor Plus, the new subscription service from the popular travel website, has announced its initial hotel partners. The service, which launched earlier this year, offers members exclusive discounts and perks on hotel stays. Meanwhile, Booking Holdings, the parent company of Booking.com, has revealed more information about its upcoming fintech venture.
Initial Hotel Partners for TripAdvisor Plus
TripAdvisor Plus aims to provide members with more value for their money when booking hotel stays. For an annual fee of $99, subscribers receive a variety of perks, including room upgrades, welcome gifts, and free breakfast. In addition, members can take advantage of exclusive discounts of up to 10% on hotel rates.
Now, TripAdvisor Plus has announced its initial hotel partners, which include well-known brands such as IHG Hotels & Resorts, Radisson Hotel Group, and Preferred Hotels & Resorts. These partners will offer exclusive rates and benefits to TripAdvisor Plus members, allowing them to save money and enjoy a more luxurious hotel experience.
Booking Holdings’ Planned Fintech Business
Booking Holdings, which owns several popular travel brands including Booking.com and Kayak, has revealed more details about its planned fintech venture. The company plans to create a platform that will allow customers to book travel and also manage their finances.
The platform, which is still in development, will offer a range of financial services, including loans and insurance. Customers will be able to access these services through the Booking.com app, as well as a separate app that is currently in the works.
Booking Holdings has stated that the new platform will help customers save money and manage their finances more easily. By offering a range of financial services alongside travel booking, the company hopes to provide a more holistic travel experience for its customers.
What This Means for the Travel Industry
Both TripAdvisor Plus and Booking Holdings’ planned fintech venture represent significant developments in the travel industry. With TripAdvisor Plus, hotels have the opportunity to attract more customers by offering exclusive rates and perks to subscribers. Meanwhile, Booking Holdings’ fintech platform could revolutionize the way customers book and pay for travel.
As the travel industry continues to evolve, it’s likely that we’ll see more innovative services and platforms emerge. For customers, this means more options and opportunities to save money and enjoy a better travel experience. For travel brands, it means adapting to the changing landscape and finding new ways to provide value to their customers.