Study Finds 66% of Global Travel Companies Hindered by Inefficient Payment Systems, Impacting Margins

New research reveals that 66% of travel companies are experiencing reduced profit margins due to outdated or complex payment systems, prompting 90% of them to prioritize modernizing their financial operations this year. The report, a collaboration between Airwallex and Skift,…

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High Summer Temperatures and Hurricanes in US May Impact Fuel Prices as Oil Refiners Face Challenges

The combination of record-breaking heat and looming hurricanes is set to challenge U.S. refiners in the weeks ahead, potentially leading to highly volatile fuel prices during the peak travel season, analysts warned. The annual Atlantic hurricane season, running from June…

Read MoreHigh Summer Temperatures and Hurricanes in US May Impact Fuel Prices as Oil Refiners Face Challenges