article thumbnail

GBTA: Business travel spending to reach $1.8T by 2027

Hotel Business

trillion by 2027. Now in its 15th edition, this latest report outlines the top-level outlook for forecasted global business travel spending and other trends for 2023 to 2027. trillion by 2027, fueled by more favorable economic conditions than expected in 2022 and 2023. by 2027 appeared first on hotelbusiness.com.

article thumbnail

Food Delivery Fraud: Challenges in Ensuring Security for Platforms, Drivers, and Consumers

Modern Restaurant Management

And experts predict the market will increase close to $500B by 2027. Credit card numbers and other information can be exposed during data breaches or through an account takeover (ATO), where they are posted or sold for hackers and other bad actors who get access to the information.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

POS Market Momentum Continues

Modern Restaurant Management

Rapid inclination of restaurateurs to adopt POS software for better management of operations will complement the restaurant POS terminals market by 2027. estimates that the restaurant POS terminals market could surpass US$25 billion by 2027. Surging Demand for Robust Restaurant POS Systems. Booming Fast-Food Restaurant Space.

article thumbnail

Four Factors Likely to Drive Global Mobile Wallet Market Expansion

Modern Restaurant Management

As per a recent report by Global Market Insights, mobile wallet market size is projected to exceed USD 700 billion by 2027. Mobile wallets are expected to record a strong footprint in restaurants on account of the ongoing concerns over sanitation as well as minimizing contact between customers and staffers.

Marketing 199
article thumbnail

Factors Likely to Drive Global Mobile Wallet Market Expansion

Modern Restaurant Management

As per a recent report by Global Market Insights, mobile wallet market size is projected to exceed USD 700 billion by 2027. Mobile wallets are expected to record a strong footprint in restaurants on account of the ongoing concerns over sanitation as well as minimizing contact between customers and staffers.

Marketing 177
article thumbnail

Sustainability: The Next Stop for Spanish Tourism Excellence

Revenue Hub

1 Travel and tourism accounted for around 14 percent of Spain’s total GDP and provided one in eight jobs. For instance, a 2022 survey by a travel insurance company found that 65 percent of UK holiday makers thought Spain would be too hot to visit by 2027. 4 Of course, Spain’s tourism sector cannot combat climate change alone.

article thumbnail

What are 5 Must Have Features to Look for in a PMS?

Revenue Hub

The travel market is forecast to grow over 14% annually between 2022 and 2027, with over two-thirds of travelers now most concerned with value when booking. Looking to the future, it’s clear that neither point solutions nor tried and true PMS of years past is the answer.