The Paypers’ Travel Series – key takeaways from industry experts

The COVID-19 pandemic brought the tourism sector to a standstill. As per UN Tourism’s World Tourism Barometer, it took until late 2024 for the sector to manage a full recovery from what many consider one of the most significant crisis in its history. Despite geopolitical and climate challenges, growth for the industry is also in the cards. According to Statista, by 2029, the global travel and tourism market is anticipated to reach a value of USD 955,94 billion, with online sales projected to account for 75% of the total revenue. 

As the travel industry continues its growth, new payment technologies, trends, changes in customer behaviours, and regulations are reshaping payments in this sector, adding new layers of complexity. 

To offer an overview of the current pain points and the emerging opportunities in…