Insight
Expedia's contract with RBC potentially failed due to the exclusivity terms requested by RBC, which would have restricted Expedia's ability to partner with other Canadian financial institutions.
Hopper Takes Over Canadian Bank Deal From Expedia
Summary
Hopper's B2B arm, HTS, has secured a deal with RBC, Canada's largest bank, taking over from Expedia Group after 12 years. This move comes as Capital One Travel downgrades its relationship with HTS, creating questions about Expedia’s travel partnerships. The contract's exclusivity with RBC put other Expedia partnerships at risk.
Key takeaway