Tracking and Marriott Teamed up To Offering new benefits for Marriott Bonvoy loyalty card members.
In addition to the opportunity to earn more points, the companies announced that cardmembers can now take advantage of new “travel now, pay later” perks. news release Friday (July 12th).
“The new ‘Travel Now, Pay Later’ benefit allows cardmembers to pay for eligible travel purchases in equal monthly installments with no interest or plan fees,” the release states. “The benefit applies to purchases between $100 and $5,000 directly with airlines or at participating Marriott Bonvoy hotels. Cardmembers can earn points on these purchases as usual.”
The buy now, pay later (BNPL) service comes at a time when many Americans are planning trips over the summer, with nearly half making trip plans months in advance.
This is according to the PYMNTS Intelligence Summer Travel Edition. “Consumer Credit Economic Monitor” According to the report, 48% of U.S. consumers planning to travel this summer had their summer travel plans finalized in April.
“Why the impatience? PYMNTS Intelligence finds that there are several key factors that will lead consumers to travel more this year,” the report states.
“41% of consumers who are taking a vacation this summer say that simply having an increased interest in travel is their reason for wanting to get out of town (21% say it’s their top motivator). In other words, many Americans suffer “How to get out of the post-pandemic slump”
Financial optimism is also an important motivator. 29% of consumers Nineteen percent said improving personal finances contributed to their increased desire to travel, while 19% said stable employment was the reason. Similarly, Lower travel costs are encouraging 16% of tourists, while 12% say confidence in the economy is driving their travel plans.
“But just because consumers are optimistic about their financial situation doesn’t mean they’re not worried about travel costs,” PYMNTS wrote. “Our report found that people planning to travel this summer expect their trip to cost about $2,400, and 78% say they plan to pay for at least a portion of their trip with a credit card.”
Last week, Marriott launched an online travel booking program designed for small and medium-sized businesses. for a moment when Business travel is recovering.
dubbing Business Access with Marriott BonvoyThe program includes a set of online booking tools with benefits and rewards from the Marriott Bonvoy portfolio of brands.
“Whether small businesses are looking for convenient online booking capabilities for their employees or better expense management solutions, the all-in-one platform, “By integrating with our portfolio of hotel brands around the world, we give you everything you need to serve your business travel needs,” Drew Pinto, executive vice president and chief revenue and technology officer, Marriott International, said in a news release.
