TRAVEL · VERIFIED DEVELOPMENT
The 2% Fee Behind America's Travel Boom
WHY IT MATTERS
This fee has significant implications for consumers and the travel industry as a whole, highlighting the need for greater transparency and understanding of the fees associated with travel expenses.
What happened
Airlines and hotels have built significant businesses on uncapped card fees in the US. A 2% fee is often the driving force behind these businesses, but it's rarely discussed.
This fee has contributed to America's travel boom, but its impact is not well understood. The fee is often hidden in the fine print of credit card agreements, making it difficult for consumers to understand its significance.
As a result, consumers may be unknowingly paying more for their travel expenses.
PRIMARY SOURCES
The 2% Fee Behind the American Travel Boom
Skift · Rafat Ali · Discovery only; publisher copyright and subscription terms apply