Hotel reservations for business travelers visiting Hong Kong will be simpler thanks to a partnership between Agoda and FinTech Airwallex.
The companies claim that their agreement, which was just announced in a news release, aims to satisfy the growing need for business travel.
When making bookings through the Agoda travel platform, Hong Kong’s small businesses and startups with Airwallex business accounts can benefit from hotel discounts and rebates on travel and accommodation.
Arnold Chan, general manager of Airwallex for Hong Kong and Southeast Asia, stated that “after nearly three years of pandemic travel restrictions, local enterprises are eager to start flying again.” Traveling enables firms to keep one step ahead of the competition and identify opportunities for expansion.
Other notable examples of the increased demand for business travel include American Express Ventures’ last-week investment in hotel software provider Selfbook and Regions Bank’s launch of a virtual card intended to streamline business travel payments.
Last week, Airwallex announced a collaboration with Plaid to offer more easy payment options. The partnership enables Airwallex to provide speedier Automated Clearing House (ACH) payments and a cost-effective way for customers to authorize bank account debits.
The company has joined Agoda because, according to recent research, clients are increasingly using digital solutions to pay for flights and handle travel-related issues.
Airlines booking websites and apps saw a 16% increase in customer usage in the second quarter of 2022, making them the digital activity with the greatest growth rate out of the 37 we studied for the study “How The World Does Digital: The Impact Of Payments On Digital Transformation.”
The use of applications to book and pay for bus, train, and taxi trips experienced a 15% increase, making it the second-fastest growing area of digital activity.
These figures show people’s strong desire to travel despite inflation as well as the increasing digital transformation of how they pay for it, according to our survey.