Capital One Set to Acquire Hopper Travel Software and Hire Key Hotel and Engineering Staff: Scoop
Photo Credit: Hopper founder and CEO Fred Lalonde speaking at Skift Global Forum 2023 in New York City. Skift
Skift Take
A new deal may serve to loosen the Capital One-Hopper partnership. Meanwhile, Hopper CEO Fred Lalonde co-founded and chairs a climate company: Doesn't a struggling Hopper require his full-time attention?
Capital One plans to buy the installed software from Hopper that powers Capital One Travel and to hire several of Hopper's hotel and engineering teams, according to a source familiar with the potential deal.
A second source told Skift that members of Hopper's hotel and engineering teams in Europe and Canada have already been receiving job offers from Capital One. Skift has reached to several Hopper employees but has not been able to confirm that offers have gone out.
The hotel and engineering hires would help Capital One with two goals: Establish more direct relationships with hotels to build inventory and develop travel and fintech offerings.
Capital One is a Hopper investor and widely considered to be its largest B2B partner. Hopper has powered much of Capital One Travel's revamped portal since 2021, but Capital One has e
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