Perk Partners with Hotel Platform Katanox
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The partnership reflects accelerating consolidation of hotel distribution and payments, with account-to-account settlement potentially changing how corporate hotel bookings are paid and reconciled and adding competitive pressure to traditional GDS distribution.
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- Business Travel NewsPerk Partners with Hotel Platform Katanox
Perk has formed a strategic partnership with lodging distribution and payments platform Katanox, giving Perk access to Katanox's platform to streamline how hotel bookings are made, paid for, reconciled and settled. The two companies will also collaborate to broaden Perk's hotel partner network through Katanox. Katanox uses account-to-account payment infrastructure that reduces the need for card-based payments for hotel bookings, and its platform connects hotels and travel agents to bring together payments, reconciliation, settlement and distribution. Katanox began pursuing TMC partnerships in 2022, positioning itself as a challenger to global distribution systems, with TMC partners includin…