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Published on 23/06/2024
Payment solutions FLOA payment solutions for the tourism industry
In an economic context marked by inflation, consumer behavior is changing, particularly in the tourism sector. FLOA5, as a key player in the multi-installment payment market, responds effectively to these new requirements. FLOA's diversified range of products and services makes it the ideal solution for industry professionals and travelers looking for payment solutions.
Stable average basket despite inflation
In the first quarter of 2024, FLOA's average basket for the travel and tourism sector remained stable at 1052€1, with a slight increase (+1.56%) compared to 2023. The 2024 study by Interface Tourism Insights2 confirms this finding: despite inflation, the French are maintaining their vacation budgets, thanks in particular to solutions such as payment in instalments. What's even more interesting is that advance bookings tend to have a higher basket value, while "last minute" trips see their value increase significantly (+3.3%)1.
Growth in transactions and demand
The trend towards paying for a trip in instalments grew by a significant 10.27%1 among our partner merchants. This increase reflects not only a growth in demand, but also the growing adoption of instalments as the preferred means of payment. On average, FLOA recorded a 16%1 increase in the number of bookings per day compared with the previous year. FLOA supports an average of 1,800 passengers per day1with its multi-payment solutions.
The BNPL an effective conversion lever
Buy Now, Pay Later (BNPL)3 5 has established itself as a major customer expectation and a powerful conversion driver. According to the Kantar study for FLOA in 20234, travel is the third most frequently financed category by BNPL3. The catch rate on dry flights is 25%1. The 4 fois5 payment option for an airline ticket, for example, is particularly popular and contributes to this trend.
FLOA one of the leading providers of multi-installment payment solutions for travel and tourism
FLOA confirms its role as a key player in travel payment in instalments, offering flexible solutions tailored to the needs of travellers and industry professionals. Whether you're paying for a one-way ticket or a round-trip flight, paying in instalments is an effective way of maintaining and stimulating tourist activity in times of economic uncertainty.
Easy integration into your existing system
One of the major advantages of the FLOA solution is its ease of integration into existing systems. Whether you run a small business or a large corporation, integrating FLOA as a payment method is seamless, with no major disruption to your current operations. With extensive compatibility with e-commerce platforms and responsive technical support, FLOA ensures a smooth transition to multi-payment solutions. This not only reduces time-to-market, but also optimizes the user experience by offering a transparent and secure payment process.
Integrating FLOA as a payment solution can not only increase your conversions, but also offer greater customer satisfaction. Don't let economic volatility impact your business: choose FLOA to offer your customers a flexible payment solution.
With its proven expertise and proven results, FLOA is positioned as the ideal solution for payment in instalments in the travel industry, guaranteeing efficient management of financial flows and an enhanced user experience, essential for building customer loyalty in this competitive sector.
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