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COF to Take Full Control of Travel Platform With Hopper Tech Deal In this article : COF's Hopper Pivot Marks Strategic Shift in Travel Business COF Seeks to Build Integrated Travel Ecosyst...
Last american express company earnings: 4/24 07:00 am
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US:NYSE Investor Relations: ir.americanexpress.com
ties and around 150 employees who helped build its travel portal, Capital One Travel. The move marks a strategic shift as Capital One internalizes capabilities developed over a four-year partnership. Along with talent, Capital One will gain licenses, servicing agreements and key supplier relationships, enabling it to operate the platform more independently. The transition includes plans to establish direct connections with travel suppliers, strengthening control over inventory and customer experience. While the deal is still pending, it signals Capital One's intent to deepen its footprint in the travel ecosystem. Although Hopper will no longer power Capital One Travel, the collaboration is not ending entirely. Hopper will continue supplying fintech products, such as price freeze and disruption protection tools. However, the shift means Hopper is set to lose a major revenue stream, as Capital One had been its largest partner. The development reflects Hopper's broader pivot towa
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