6 ways to optimise your payment strategy for 2016

With consumer confidence returning to the travel industry—7% growth expected in 2015 and 2016—capturing opportunities in the wake of challenges remains a concern for leisure travel brands. Consumers expect more, technologies are changing the face of competition, and travel partners face increasing pressure on margins, but what can be done to address these issues?

Consider though, that as you face these challenges, your competitors do as well.

So what can you—whether travel agent, OTA, aggregator, or tour operator—do to rise above the clutter, building market share while maintaining profitability?

Where to Start: Customer Focus and Business Agility

It could be as simple as ‘provide a high degree of customer focus and agility,’ but to achieve this, you must address underlying inefficiencies that prevent you from providing the focus toward demanding customers and agility needed by your organization as a whole.

One of the best places to start? Optimize business processes and financial management processes.

Biggest Challenges in the Leisure Travel Market

Using exclusive research from FirstPartner, we have put together a whitepaper that summarizes the main challenges travel retailers and intermediaries face in the current market.

Topics covered include:

• Increasing demands from customers
• Evolving channels and the need to stay on top
• Challenges of profitable suppler management

Whitepaper: Six Ways to Optimise Your Payment Strategy

To address these challenges, we have offered six strategies you can adopt in order to achieve an edge in this, the increasingly lucrative and competitive leisure travel market.

What You Will Learn

Whether you’re operating in Europe or beyond, meeting the needs of consumers, suppliers, and stakeholders is a challenge faced by travel retailers and intermediaries everywhere, but with the advice shared in this whitepaper, you can take measureable and effective steps allowing you to:

• Meet Consumer Demands
• Address Issues Cash Flow Management
• Strengthen Relationships with Suppliers
• Prevent Challenges Stemming from Managing and Paying a Fragmented Supplier Base
• Reduce the Cost of Invoice Reconciliation
• Grab Increased Market Share through Improved Customer Satisfaction and Enhanced Flexibility

The whitepaper is a must read for any travel retaile, it offers six practical tips for achieving an edge to streamline processes, reduce costs and risks and strengthen relationships with suppliers.

Download the Whitepaper and learn the steps that you can take to optimise your payment strategy and capture opportunities available to you.