Expedia Group and Klarna are jointly enabling travelers to “Travel now, pay later”
Today one of the world’s leading travel platforms Expedia Group and European payments provider Klarna have announced they are collaborating to allow customers at Hotels.com, Expedia.com and ebookers to “travel now, pay later”.
With Klarna, Expedia Group brands will provide customers the flexibility to pay over time. When planning the next holiday, travelers in Germany and the Nordics will no longer be required to pay in full at the time of booking, easing the financial burden of booking a holiday and creating an overall better experience of planning travel.
Research from Klarna conducted in the UK, Germany and Sweden shows that most shoppers think the upfront costs can create anxiety and force consumers to rein in their holiday spend, compromising trip quality.
The research also revealed that respondents would be more likely to book if they could pay the cost of travel over time and manage their finances in a sustainable way which also increases their excitement of booking travel.