Hopper Signs Deal to Power RBC’s Avion Rewards Travel Program
Montreal-based travel technology company Hopper has signed a long-term agreement with the Royal Bank of Canada (RBC) to power its Avion Rewards Travel program. Through its B2B subsidiary, Hopper Technology Solutions, the deal replaces RBC's previous partnership with Expedia and is expected to generate hundreds of millions in annual revenue for Hopper. The updated platform will allow Avion members to book flights, accommodations, car rentals, and activities using points, while also offering Hopper’s insurance-like products for travel flexibility. This strategic move underscores Hopper’s successful pivot from a consumer-facing app to an enterprise-focused technology provider, with B2B partnerships now driving over 90 percent of its revenue. The announcement follows a significant restructuring of Hopper’s relationship with Capital One, which recently brought its travel platform operations in-house. Despite this shift and previous layoffs aimed at profitability, Hopper reports positive earnings and continues to expand its portfolio, which includes partnerships with major financial institutions like CommBank. The deal highlights the growing integration of fintech and travel services within the Canadian banking sector.
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Hopper Signs Deal to Power RBC’s Avion Rewards Travel Program
Montreal-based travel technology company Hopper has signed a long-term agreement with the Royal Bank of Canada (RBC) to power its Avion Rewards Travel program. Through its B2B subsidiary, Hopper Technology Solutions, the deal replaces RBC's previous partnership with Expedia and is expected to generate hundreds of millions in annual revenue for Hopper. The updated platform will allow Avion members to book flights, accommodations, car rentals, and activities using points, while also offering Hopper’s insurance-like products for travel flexibility. This strategic move underscores Hopper’s successful pivot from a consumer-facing app to an enterprise-focused technology provider, with B2B partnerships now driving over 90 percent of its revenue. The announcement follows a significant restructuring of Hopper’s relationship with Capital One, which recently brought its travel platform operations in-house. Despite this shift and previous layoffs aimed at profitability, Hopper reports positive earnings and continues to expand its portfolio, which includes partnerships with major financial institutions like CommBank. The deal highlights the growing integration of fintech and travel services within the Canadian banking sector.
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