Stack Capital Holding Hopper Announces Strategic Partnerships With Hotelbeds & WebBeds
28 September 2023 - 9:50PM
Stack Capital Group Inc., (TSX:STCK and STCK.WT) is pleased to
announce that Hopper, Inc. (“Hopper”), an existing portfolio
holding, has entered into strategic partnerships with Hotelbeds, a
global leader in the TravelTech space, and WebBeds, a global
marketplace which provides powerful distribution solutions that
make the buying and selling of travel products easier.
As the third largest online travel agency in the
United States, with 100+ million app downloads, these new
partnerships allow Hopper to ‘super-charge’ its efforts to build
the best-in-class global hotel supply network, benefitting both its
app users along with the impressive list of Hopper Cloud partners
and their respective clients.
“Impressive partnership announcements, which
combine to significantly expand Hopper’s inventory of hotel
properties worldwide,” said Jeff Parks, CEO of Stack Capital.
“Hopper customers, whether direct via the app or through any of
Hopper’s B2B partners, will benefit from better selection and
booking options.”
To access a copy of the Hopper announcement
please click here.
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares and Warrants on the TSX. At the same
time, the public structure also allows the Company to focus its
efforts on maximizing long-term performance through a portfolio of
high growth businesses, which are not widely available to most
Canadian investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
About Hopper
Hopper is the world's fastest-growing
mobile-first travel marketplace, focused on helping customers save
money and travel better. The Hopper app has over 100 million
downloads and continues to capture market share around the world.
By leveraging massive amounts of data and machine learning, the
company has developed several unique fintech solutions that address
everything from pricing volatility to trip disruptions. Through its
B2B initiative, Hopper Cloud, the company is syndicating its
travel fintech products and inventory, providing companies that
aspire to sell travel a differentiated consumer experience and
offering. Hopper has increased its revenue 2.5X year-over-year and
now sells over $7 billion in travel and travel fintech annually. To
find out more about Hopper, visit Hopper.com.
About Hotelbeds
Hotelbeds are global leaders in the TravelTech
space, connecting and empowering businesses by facilitating bridges
in the ever-changing and expanding travel ecosystem. Our
cloud-based technology platforms offer fast and simple access to a
global network of travel products, from accommodation to
ancillaries and payments, while rich data and intelligence helps to
generate demand. By operating exclusively in the B2B arena, we are
uniquely placed to drive growth for our partners without competing
for the end customer. Our teams of 3000+ experts on the ground
provide local expertise and support to boost trading even further,
even in the most hard-to-reach spaces. Our unique blend of
technology, data and passionate people serve as a catalyst for B2B
travel players aiming to unlock their full potential.
About WebBeds
Launched in 2013, WebBeds is a travel brand of
Webjet Limited (ASX: WEB), and a global marketplace for the travel
trade, providing powerful distribution solutions that make selling
and buying travel products easier. It sources accommodation and
destination services from travel suppliers, aggregates, and
merchandises that content in the WebBeds platform, then distributes
it to its global network of travel trade buyers, who sell to the
traveling public.
Hotels and other suppliers - global and regional
hotel chains, independent hotels, apartments, resorts, attractions,
transfer, and sightseeing companies and more - can sell their
products to a global network of online and offline travel buyers
through robust solutions that provide greater inventory control to
simplify distribution, and leverage WebBeds enhanced analytics to
inform inventory optimisation choices – saving costs and increasing
revenue.
Travel buyers - online travel agencies, retail
travel agents, corporate travel managers, tour operators,
wholesalers, tourism boards, super apps, DMC’s, group providers,
airlines and more - can integrate the hundreds of thousands of
hotels and ground services in the WebBeds marketplace through
simple and seamless API connectivity, or they can search, shop and
book online through one of WebBeds trade only booking sites.
WebBeds operates globally through four
geographic regions – Europe, Asia Pacific, MEA (Middle East and
Africa) and Americas - with over 1,500 travel professionals working
in 120 cities across 50 countries worldwide. WebBeds also operates
specialist brands JacTravel DMC and UHl. JacTravel DMC provides
tailormade travel arrangements for offline FIT and groups traveling
to the UK, Ireland, and key mainland European destinations to the
international travel trade. UHI is a genuine pioneer, providing
online pilgrimage travel services to travel agencies worldwide.
For more information, please visit our website
at www.stackcapitalgroup.com or contact:Brian ViveirosVP, Corporate
Development, and Investor
Relations647.280.3307brian@stackcapitalgroup.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d03149b1-46e5-4d73-841e-cb4647d03743
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