News Summary

Capital One is transitioning its travel booking platform, originally developed by Montréal’s Hopper, to an in-house operation, bringing many of Hopper’s staff along. This shift marks an evolution in the relationship between the two companies, with Capital One becoming Hopper’s largest API client, while Hopper retains a significant role through its application programming interfaces. This move follows Capital One’s significant investments in Hopper and aims to provide Capital One with greater independence and innovation capabilities in the travel sector. Hopper, while losing a major source of revenue, continues to focus on profitability and B2B operations, with ongoing relationships with other clients such as Air Canada.