Revenue in hospitality is evolving. By 2028, global hotel revenue is projected to reach $508.9 billion, and yet, only 30% of guest spend typically goes toward the room rate. The other 70% is now being spent on transportation, food & beverage, wellness, and other non-room services.

The payments market is undergoing a significant transformation, presenting challenges for Payment Service Providers (PSPs) to stay competitive. This shift is driven by technological advancements, regulatory changes, and evolving customer expectations.

Nexi and Planet will offer hospitality brands a superior integrated acceptance solution, combining payments, software and networking together to enhance the customer and merchant experience. Nexi Group, the European PayTech, and Planet, a leading global provider of integrated payments and technology solutions for retail and hospitality customers, have signed a letter of intent to enter a strategic partnership.