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Across its platforms, Group helps travellers around the world make informed and cost-effective bookings for travel products and services, and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centers.
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Group is a leading global travel service provider comprising of, Ctrip, Skyscanner, and Qunar. Price Freeze will be available on Europe and North America sites in early 2022 accessible in-app, on mobile browser and desktop. Through this initiative, any travel brand can integrate and seamlessly distribute Hopper's suite of fintech products or travel agency content. Hopper is powering the Price Freeze feature as part of its B2B initiative, Hopper Cloud. "These products have the ability to generate incremental revenue for brands, while offering customers the flexibility and transparency they want from the travel industry. "Travel fintech has the potential to generate $200 billion in customer spend annually," said Fred Lalonde, CEO and Co-Founder of Hopper. "At Group we are constantly seeking out ways to bring benefits to travelers, with this new Price Freeze feature, powered by Hopper, we are giving our customers more ways to save money when they book flights." "Travel is rebounding and as international borders continue to open, we'll see prices increase to match demand," said Yudong Tan, CEO of the Flight Business Group, Group. If the price goes down after the user freezes, they pay that new lower price.
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If a user freezes a flight and prices go up, we cover the difference up to a set amount. Price Freeze is a win-win for customers that ensures they always get the best deal. Price Freeze on gives users the opportunity to lock in prices ahead before prices surge. With increased travel demand and rising jet fuel prices, Hopper is expecting domestic and international airfare to increase, reaching pre-pandemic levels.