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Payment innovation slow in travel but consumer demand is driving change

Barriers to innovation cited by travel companies include the complexity of processing payments, handling new payment methods and the cost of payments. According to the study , retail travel agencies spend 7.5% of revenue on payments while airlines spend 4.2% and hotels spend 4.5%. On average, travel companies spend about 6.2% on payments. Consumer demand was seen as the biggest driver to invest in new payment options at 91% followed by loss of customers at 83%. Many companies are planning to start payment innovation with 14% saying they plan to “initiate a lot of innovation” and 81% saying “some.” You probably want a daily dose of digital travel, right? Subscribe to the PhocusWire newsletter below! I accept the Terms and Conditions and Privacy Policy . Within the online travel agency segment, 100% say they are planning payment innovation. According to the report, OTAs currently offer about six payment options on average with all offering web payment. In addition, the OTA category is twice as likely to offer payment via chat platforms.

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On Site: Toy Story Opening Launches Big Disney World Makeover

Everyone in the family can enjoy the updating for Toy Story Land of one of Disney’s Hollywood Studios most popular rides, Toy Story Mania!, which has a colorful new entrance directly from Toy Story Land. It also has expanded pre-ride entertainment, including a giant Mr. Potato Head and a big Etch-a-Sketch game board, which will keep kids busy as they wait in the lines that inevitably grow for this popular attraction. The ride, now with a third track to accommodate more guests in a shorter time, is a virtual old-time shooting gallery in which riders lob baseballs and cream pies at five stops to hit targets populated with characters from the Toy Story movies. The laughing is almost nonstop as guests in each car shoot for the highest point scores. Woody’s Lunchbox, the fast-service restaurant in Toy Story Land, serves some new family-friendly food items created exclusively for the park. These include Totchos, a creative cross between potato puffs and chili-cheese nachos; a Woody’s version of the Monte Cristo sandwich, and a BBQ Brisket Melt sandwich with smoked brisket, sourdough bread and Texas-style barbeque ingredients. As with more than 20 quick-service restaurants throughout Walt Disney World, guests planning to lunch at Woody’s Lunchbox can pre-order their meals on the “My Disney Experience” mobile app, pay for the order online using their credit card, and pick up the meal at a restaurant window without waiting in the ordering line. There is aa colorful outdoor dining patio adjacent to the restaurant with lots of covered table seating. Buzz Lightyear outside the Alien Swirling Saucers. // Photo by Maureen Cody Stone Mindful that families can have limited patience with long waiting lines for Disney’s most popular attractions, Walt Disney Imagineers launched a new “Play Disney Parks” mobile app at both Walt Disney World and Disneyland to coincide with the June 30 Toy Story Land opening.

For the original version including any supplementary images or video, visit https://www.travelagentcentral.com/destinations/site-toy-story-opening-launches-big-disney-world-makeover

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