Travel finance: A smarter way to pay for holidays

2019-10-20T17:50:03+01:00

The past few years have been full of challenges for UK travel firms.

The online revolution has made travellers increasingly detached from travel agencies as they search for a better deal and Brexit uncertainties are starting to impact consumer confidence and make people more conscious of holiday spending. Yet recent consumer research put travel as a firm priority with over 27% considering their annual family holiday as something they cannot live without.

So what can travel companies do to stay ahead at this difficult time?

Well, why not give customers what they really value – a smarter way to pay for the holiday they want.

More people than ever are using the abundance of information and technology available on the internet to research holidays, compare prices and choose the most affordable options for them. TripAdvisor, Skyscanner and Airbnb are increasingly capturing market share by using smart technology to turn traditional holiday-makers into independent travellers and it seems the convenience associated with professional travel agency services is being neglected in favour of lower costs.

Although these online travel providers are driving down the cost of travel, there’s no denying that the price of a family holiday during peak-season can be more than most of us have spare at the end of the month.

Point-of-sale finance hasn’t traditionally been used in the travel sector but is now helping retailers increase travel bookings and improve customer loyalty. Letting customers spread the cost of their holiday gives them increased control over their finances and allows them to book holidays on their own terms.

We’re the only provider who can offer point-of-sale finance for travel. It’s quick and easy for holiday-goers with our great mobile-first technology. Giving customers a flexible way to pay is highly valued and boosts customer loyalty and drives repeat holiday bookings. Customers choose from a variety of attractive rates and terms and can complete the application online, on mobile, over the phone or face to face.

The world is changing fast and this new challenging economy is calling for new solutions. Deko is helping hundreds of merchants differentiate themselves from their competitors to grow even further. Don’t wait too long. The travel market continues to evolve quickly and customers are always on the lookout for those offering something new that they truly value.

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To offer finance through Deko, you will need:

  • Turnover of over £1m
  • Trading history greater than one year
  • Positive balance sheet

Get in touch using the form below or email us at lenders@dekopay.com and we’ll get back to you as soon as we can.