The neobank is seeking to cash in on a rebound in overseas travel with a booking product that includes 10% cashback—the launch will also let the company promote existing travel offerings and drive engagement with its app.

Business and leisure travelers have returned to what happens in Las Vegas, as the Las Vegas Convention and Visitors Authority (LVCVA) welcomes visitors back with a new motto that touts the city’s innovative and experiential offerings. Watch Industry Voices: Spotlight on Travel with LVCVA’s Kate Wik, CMO, to learn how the destination marketer is managing visitors’ pent-up demand and shorter booking windows.

eMarketer was pleased to moderate a Tech-Talk Webinar featuring Criteo's Rory Mitchell, executive managing director, Americas. He discussed how travel and retail advertisers can prepare for the increase in travelers, and flight, hotel, and car rental bookings.

The coronavirus has upended the US travel industry. Fears of infection, governmental measures restricting travel and access to public places, and the economic downturn will depress bookings, sales and ad spending in 2020 and beyond.

Other recent additions to its suite of consumer banking tools include travel booking and a slew of new benefits for its paid-account customers. The bigger picture: Payday could help Revolut make inroads with prospective business clients as well as consumer banking customers. Revolut’s early access features could help persuade customers to try out the neobank.

Has travel ad spending taken flight?

No industry has been as devastated by the coronavirus pandemic and its effects as travel. Airlines, car rental agencies, hotels and resorts, online booking services, cruises and destination marketing organizations, and business travel support services found their operations ground to a near-halt for much of Q2 2020, and the situation has barely improved in H2.

The US travel industry this year remains largely impacted by the pandemic, even as travel has picked up in H2. This sluggishness is due to paused cruises, a near standstill in business travel, and restrained international travel.

Alerts for international debit card transactions will regain importance as travel picks up. In early July, the UK government began relaxing COVID-19 restrictions, and travel bookings are bouncing back. This makes international transaction alerts even more important for neobanks, many of which support travel- and exchange-related features to begin with.

If I'm booking a hotel somewhere, and I haven’t finished the booking cycle, but then I go and read something online somewhere else, and then I see this hotel again, that's annoying. That's all third-party data sharing. But if I'm a Spiegel or Telegraph reader and I give them the right to use my data, that's because I like them and I have a better experience if I go there.

The acquisition gave Chase access to cxLoyalty’s travel and rewards businesses and could help the issuer beef up its travel booking portal, Chase Ultimate Rewards. Enhancing the portal with more travel perks could attract cardholders who are interested in booking summer and fall vacations, which should help Chase capture more volume.

The primary driver of the decrease is a sharp pullback of spending by the travel industry, which has been hit harder by the pandemic than any other industry. The travel industry, especially online travel agencies (OTAs) like Booking.com and Expedia, have traditionally been heavy search spenders, funneling billions of dollars of ad investment into Google each year.