蘑菇AV

And nondiscretionary spending is holding up, with strong growth in services, especially travel and entertainment. McInerney expects Visa鈥檚 volume will keep relying on the strength of cross-border travel. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 daily recap of top stories reshaping the payments industry.

Goods and services spending grew 6% YoY, while travel and entertainment grew 7% YoY. Younger generations drove growth:. Gen Z and millennials鈥� spending jumped up 13% YoY. Gen X volume grew 5%, while baby boomers and older generations鈥� volume increased just 2% YoY. Why it matters: Amex鈥檚 push to win over younger generations is working.

That sentiment holds true for the rest of the eight services respondents were asked about, including live concerts (49% against, 33% in favor), air travel (47% to 39%), and food delivery (43% to 40%).

As part of its mission to make every Pin shoppable, Pinterest has added a Travel Catalogs feature, allowing travel brands to upload their products and turn them into dynamic Pins with pricing, images, and descriptions. It also introduced a new solution called Premiere Spotlight, placing video ads on the search page, the first place users go to find new ideas. YouTube plays defense with ad-skippers.

Travel and hospitality brands like United Airlines are particularly well positioned to break into commerce media due to the massive amounts of first-party data they collect from customers.

In the days of traditional media, advertising was primarily the purview of companies promoting products tied to the GDP, like automotive and travel, said our analyst Paul Verna, co-author of our Ad Spending Benchmarks: Q3 2024 report. As advertising became more digital and more service companies became central to the ad industry, that connection was somewhat broken.

The new Paze digital wallet, for example, can recommend stored card options鈥攕uch as a co-branded travel credit card when purchasing an airline ticket鈥攁t checkout. This more closely aligns card rewards and benefits with the type of purchase a user makes. Passwordless checkout removes friction.

The continued struggles of its linear networks and the impact of external challenges like global travel trends on its parks business indicate that Disney must maintain a flexible and innovative strategy to ensure long-term success and stability in a rapidly changing entertainment industry.

Yesterday鈥檚 Chart of the Day: Have rewards, will travel.

It鈥檚 a trend that aligns with their comments over the holidays鈥攎any Gen Zers said they couldn鈥檛 afford to travel home, but the same portion said they鈥檇 never forgo a Taylor Swift concert to help clear their debt. Many prioritize fun over saving for the future, which confirms they feel they need to burn off steam and may not be aware of how to tackle their financial priorities.

Walmart鈥檚 Walmart Deals sale, which the retail giant promises will be its 鈥渓argest savings event ever鈥� across categories such as electronics, home, toys, and travel, runs from July 8-11. Walmart+ members can access the discounts five hours ahead of the general public at noon ET.

Apparel and accessories and toys and hobbies are the only gifting categories set to outpace the ecommerce sales growth rate benchmark of 11.3% for the full holiday season, with demand for clothes staying elevated amid the return-to-office, travel, and social events. It won鈥檛 be an easy holiday season for a lot of specialty retailers.

Travel platforms. Simple standalone products鈥攍ike hospitalization or disability due to an accident鈥攚ould be the best fit for this narrower use case. Online travel agencies like Booking.com or short-term rental platforms like Airbnb are digitally mature and have experience offering insurance to hosts and partners. The right partnerships bring more consumers into the fold鈥攁nd they鈥檙e primed to buy.

When users want to learn how to decorate a living room, apply a current makeup technique, or find a hotel in a travel destination, social search ads can help them learn something new鈥攁nd learn about a brand. Make organic social content searchable.

While it remains to be seen whether the company鈥檚 customers will embrace the opportunity to arrange for furniture assembly or landscaping services through the platform, the success of other initiatives, including a travel booking service and grocery delivery, is empowering Uber to look for more expansion opportunities.

#TikTokMadeMeBuyIt: While Gen Z consumers have not been immune to the effects of inflation, they鈥檙e less likely to cut back on fun or impulse purchases, dining out, or leisure travel than millennial, Gen X, and Boomer shoppers. Nearly one-third (32%) of Gen Z consumers report shopping online at least once per day, the most out of any generation.

Particularly hard-hit areas include the food sector (20% decline) and travel and family verticals (29% drops). Why it matters: SGE delivers precise answers to user queries directly within a chat, reducing the necessity for users to click through to publishers' websites. If users find what they need directly in an SGE chat, their incentive to visit the original content source decreases.

Rewards should change with spending patterns, potentially focusing on everyday spending like groceries rather than travel to attract savings-conscious consumers. Embrace alternative payment methods. Higher rates could give nontraditional payment plans like buy now, pay later (BNPL) a chance to steal market share from credit cards as consumers seek out more flexible and interest-free payment options.

Similar to the regionalization strategy that Amazon recently deployed, Target鈥檚 model cuts down the distance goods travel even if it adds some redundancies. In doing so, it saves the retailer time and money by enabling it to optimize its network so that, for example, sunscreen and beach toys are located near Florida in January, but not near Maine.

The company expects around 65% of its stores will be serviced via automation by 2026, while 55% of fulfillment center volumes will travel through automated facilities, per a company release. The benefits of automation: Automation is one component of Walmart鈥檚 push to make its supply chain more connected, efficient, and responsive to consumer demand.

US premium travel credit card issuers should step up security features. Payments Trends to Watch for 2023. Yesterday鈥檚 Chart of the Day: All about Gen Alpha.