Mentioned Companies:

Loyalty Points as an Asset Class

Leveraging loyalty program assets for cash has been crucial for airlines and hotel operators as they battle the economic effects of the coronavirus pandemic. In April, Hilton presold $1 billion worth of loyalty points to American Express, the hotel company’s co-brand credit card partner. In June, United Airlines announced that it had secured a $5.00-billion loan (upsized to $6.80 billion) arranged by Goldman Sachs, Barclays, and Morgan Stanley using its MileagePlus program as collateral. The airline estimated the value of the MileagePlus program at $21.90 billion. In September, Delta Airline...

Want to read more?

Please log into your subscriber account.

Check out our subscription offers.
New subscribers receive over 130 articles in the 22 issues published each year, plus the last five years of issues (that’s over 1,200 articles) as a download link, which are fully searchable in PDF format.

© Copyright 2024 Nilson Report


October 2020
Headlines in this Issue
Charts in this Issue

Payment Cards in the U.S. Projected Purchase Volume in 2024

U.S. Payment Cards—Purchase Volume

U.S. Payment Cards—Purchase Transactions

U.S. Payment Cards—Purchase Volume 2019 vs. 2024

U.S. Payment Cards—Total Volume

U.S. Payment Cards—Total Transactions

U.S. Payment Cards—Outstandings

U.S. Payment Cards—Cardholders

U.S. Payment Cards—Cards