Flywire Accepted into Global Luxury Travel Group Virtuoso®

Rhea-AI Summary

Flywire (NASDAQ: FLYW) has been accepted into Virtuoso's exclusive network of luxury travel partners, joining 2,300 preferred suppliers across 100 countries. This prestigious inclusion gives Flywire access to Virtuoso's network of luxury travel advisors and their high-value clientele, who collectively generate approximately $35 billion in annual sales. Flywire's payment solution supports 140+ currencies and various payment methods, offering international travelers a seamless payment experience while providing travel operators with transparent pricing, real-time tracking, and automated reconciliation features. The partnership enables Flywire to establish direct relationships with leading leisure travel agencies globally and market through Virtuoso's communication channels, including the prominent Virtuoso Travel Week event.

Positive

• Access to Virtuoso's network generating $35 billion in annual sales
• Expansion of market reach through 2,300 preferred suppliers in 100 countries
• Enhanced marketing opportunities through Virtuoso's communication channels and events

Negative

• None.

Insights

Strategic Partnerships Analyst

Flywire's inclusion in Virtuoso's luxury travel network opens significant revenue opportunities in the $35B luxury travel market.

Flywire's acceptance into Virtuoso's exclusive network of luxury travel partners represents a strategic milestone for the payments company. Virtuoso is no small player - its agencies generate approximately $35 billion in annual sales across its network of 2,300 preferred suppliers in 100 countries, making this partnership particularly valuable.

This acceptance gives Flywire direct access to premium travel agencies across North America, Latin America, Europe, Asia-Pacific, Africa, and the Middle East. For a payments enablement company, this represents a significant distribution opportunity, especially considering the high-value transactions typical in luxury travel.

The partnership aligns perfectly with Flywire's existing business - they already serve thousands of luxury travel brands including tour operators, destination management companies, and accommodation providers. Their technology supports 140+ currencies and diverse payment methods, which solves a critical pain point for international luxury travelers who expect seamless experiences.

For Flywire investors, this partnership offers three key benefits: 1) Enhanced revenue potential through access to Virtuoso's $35 billion ecosystem, 2) Strengthened competitive positioning in the luxury travel payments segment, and 3) Increased brand visibility among high-value travel partners. The timing is particularly advantageous as luxury travel continues to outperform other travel segments in post-pandemic recovery.

Flywire recognized for its superior software and payments capabilities and extensive client footprint across luxury travel providers around the world

BOSTON, May 29, 2025 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ: FLYW) (Flywire), a global payments enablement and software company, announced that it has been accepted into Virtuoso®’s exclusive portfolio of luxury travel partners, comprising 2,300 preferred suppliers in 100 countries. Inclusion in Virtuoso will provide Flywire new sales and marketing opportunities to the network’s luxury travel advisors and their highly desirable clientele. Virtuoso agencies worldwide sell an average of (U.S.) $35 billion annually, making the network one of the most significant players in luxury travel.

“Virtuoso’s acceptance process is incredibly selective, so becoming a preferred partner is an honor for Flywire,” said Colin Smyth, SVP and GM of Travel at Flywire. “The reputation that Virtuoso member agencies have for outstanding dedication to their clients complements Flywire’s approach to service. Now that we’re part of this renowned network, we look forward to offering Virtuoso advisors and their clients the convenient, secure and streamlined payment experiences that they’ve come to expect from Flywire.”

Flywire joins Virtuoso’s collection of the finest luxury hotels, resorts, cruise lines, airlines, tour operators and other travel entities worldwide. These partners, which specialize in world-class client service and experiences, provide superior offerings, rare opportunities and exceptional value for Virtuoso clients. These prestigious providers can market to Virtuoso clients via network vehicles and to Virtuoso agencies through multiple communications channels and events, including Virtuoso Travel Week, luxury travel’s preeminent worldwide gathering. Flywire’s acceptance into Virtuoso gives it direct relationships with the world’s leading leisure travel agencies in North and Latin America, the Caribbean, Europe, Asia-Pacific, Africa and the Middle East.

“We’re proud to include Flywire as part of our Technology Partner Community – a program designed to provide our network with access to leading technology innovators across the industry,” said Virtuoso’s Senior Vice President, Global Products Thatcher Brown. “Flywire is a standout in the payments and software space, offering a secure, global solution that drives operational efficiency. By connecting our preferred partners and member agencies with companies like Flywire, we empower them to stay informed and make the best strategic decisions for their businesses.”

Trusted by thousands of luxury travel brands, Flywire enables tour operators, destination management companies, accommodation providers and other luxury businesses to offer high-end travelers a seamless and secure payment experience, all around the world. Backed by a powerful global payment network that supports more than 140 currencies and diverse payment methods, Flywire allows international travelers to pay in their preferred way, eliminating confusion and unexpected fees associated with foreign exchange. For providers, Flywire provides transparent pricing, real-time payment tracking and around-the-clock multilingual support, as well as high-end software integrations that automate reconciliation and reduce back-office work. Additionally, Flywire streamlines the commission payment experience between buyers and suppliers in the luxury travel ecosystem.

Resources

• To learn more about Flywire’s software and payment solutions for the global travel industry, visit here
• Flywire recently commissioned a survey of 500+ ultra luxury travelers from the U.S. on their travel preferences. For data points and key takeaways, please visit: Flywire's annual luxury travel report.

About Flywire

Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports more than 4,600 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.

About Virtuoso

Virtuoso® is the leading global travel agency network specializing in luxury and experiential travel. This by-invitation-only organization comprises over 1,200 travel agency locations with more than 20,000 travel advisors in 58 countries throughout North America, Latin America, the Caribbean, Europe, Asia-Pacific, Africa and the Middle East. Drawing upon its preferred relationships with 2,300 of the world’s best hotels and resorts, cruise lines, airlines, tour companies and premier destinations, the network provides its upscale clientele with exclusive amenities, rare experiences and privileged access. Normalized annual sales of (U.S.) $35 billion make Virtuoso a powerhouse in the luxury travel industry. For more information, visit www.virtuoso.com.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations of the potential benefits of and opportunities from being a preferred partner. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media Contacts:

Sarah King
Flywire
Media@Flywire.com 

Misty Belles
Vice President, Global Public Relations
Virtuoso
Phone: +1.202.553.8817
Email: mbelles@virtuoso.com

Investor Contacts:

Masha Kahn
IR@Flywire.com 

FAQ

What does Flywire's (FLYW) acceptance into Virtuoso mean for the company?

Flywire's acceptance into Virtuoso gives it access to an exclusive network of luxury travel partners generating $35 billion in annual sales, providing new sales and marketing opportunities with premium travel advisors and their high-value clientele.

How many currencies does Flywire (FLYW) support for travel payments?

Flywire supports more than 140 currencies and diverse payment methods for international travelers.

What is the size of Virtuoso's partner network that Flywire (FLYW) is joining?

Virtuoso's network includes 2,300 preferred suppliers across 100 countries.

What features does Flywire (FLYW) offer to travel providers?

Flywire offers transparent pricing, real-time payment tracking, multilingual support, software integrations for automated reconciliation, and streamlined commission payment processing between buyers and suppliers.