White Paper offers practical insights for travel intermediaries navigating the complexities of cross-border B2B travel payments
SUNRATE, a global payments and treasury management platform, has unveiled a new white paper entitled “Navigating the Complexities of Cross-Border B2B Travel Payments: Practical Insights for Travel Intermediaries” at Travel Tech Asia 2024, Asia’s premier Travel Technology Trade Show.
According to Statista, global revenue from the online travel market reached nearly 600 billion US dollars in 2023, with projections indicating steady growth in the coming years, expected to surpass 800 billion US dollars by 2028. Moreover, when examining global travel and tourism revenue by sales channels, the dominance of the online market is clear, with online transactions accounting for over two-thirds of the total sales value.
Despite the lucrative opportunities in this expanding industry, travel intermediaries such as Online Travel Agencies…
