Our holiday-shortened weekly Online Travel Update for the week ending Friday, November 25 is below. This week’s Update features (again) multiple stories on booking platforms planned roll out of new payment tools. We’ve also included a copy of the Legal Alert we circulated last week regarding the FTC’s planned rule making regarding resort fees. Interested industry members have a limited opportunity to submit comments to the FTC regarding any proposed rule.
Expedia Partners with Payment Application Afterpay. Expedia and buy now pay later payment app, Afterpay, announced this past week that Expedia’s flight and hotel inventory will now be available through Afterpay’s app. Users of the app will now be able to pay for their bookings in four interest-free monthly payments. According to Expedia, Afterpay is the first of many future similar partnerships. It will be interesting to watch how suppliers respond to these new flexible payment options, particularly with regard to discounted rate plans whose conditions include advance payment.
Fareportal Introduces New Cancelation Options. Users of Fareportal’s online travel agencies, CheapOair and One Travel, will now be able to cancel their air bookings for any reason, irrespective of what a carrier’s cancelation policy might provide (purchasers of non-refundable tickets may receive a refund up to 80% of the ticket price). Launched earlier this year (June) on CheapOair, the service is now available on One Travel and will be soon available on CheapOairCanada. Fareportal expects to announce additional “fintech” products and services in the months ahead.
Have a great week everyone.
Greg Duff founded and chairs Foster Garvey’s national Hospitality, Travel & Tourism group. His practice largely focuses on operations-oriented matters faced by hospitality industry members, including sales and marketing, distribution and e-commerce, procurement and technology. Greg also serves as counsel and legal advisor to many of the hospitality industry’s associations and trade groups, including AH&LA, HFTP and HSMAI.