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trillion in 2026, a 370 percent increase from 2021. About 71 percent of this volume will come from B2B financial interactions, including those done in travel. The article explores the benefits virtual cards bring to the table and what a travel company should consider when implementing this method. Paul Van Alfen sums up.
As Phocuswright’s US Online Travel Agency Market Report 2022-2026 shows, OTAs receive only 22 percent of total gross bookings, lagging well behind direct supplier channels (41 percent) and offline agencies (37 percent). The channel share in US travel as of 2022. Source: Phocuswright. percent from 2023 to 2027.
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