Blog

Reading Time: 3 minutesCOVID-19 has undoubtedly had a massive impact on the hospitality industry, including an estimated loss of $4.5 trillion in revenue, but as we move into the second quarter of 2021, there are signs of life at the end of the tunnel. An increase in vaccinations and reopening plans in several regions worldwide have signaled that […]

Reading Time: 4 minutesFrom both a consumer and B2B perspective, hotel payment has evolved significantly in response to the global pandemic. In 2020, innovative contactless payment methods and a focus on fraud prevention took center stage, but what will shape payment in 2021? Recently, Onyx’s Senior VP of Product and Marketing Brian Clubb participated as a panelist in […]

Reading Time: 4 minutesWhile 2020 has been extraordinarily tough on travel, the industry is no stranger to periods of slow recovery. In fact, the effects of 9/11 on the profitability of airlines had only subsided for two years before the recession of 2008 hit, resetting the recovery clock. Hotels have traditionally bounced back from recessions quicker than airlines, […]

Reading Time: 5 minutesFrom both a corporate and consumer standpoint, cross-border payments have integrated themselves into our daily life. Today’s companies do business around the world. Manufacturers source parts, materials, and labor abroad as often as they do domestically, and in some cases, large corporations outsource more than half of their business abroad. Global travel, both for business […]

Reading Time: 2 minutesOnyx CenterSource is excited to announce our new role as contributing data partner for the Skift Recovery Index. While the global hospitality market continues to navigate recovery from the COVID-19 pandemic, the availability of actionable data and insights remains vital. The Skift Recovery Index helps provide those insights by including a detailed view of the […]