Hotels.com Partners with Affirm to Bring Guests a Flexible Way to Book Trips
Hotels.com has partnered with Affirm (NASDAQ: AFRM) to offer flexible payment options for accommodations. Approved guests can now book trips and pay over time using Affirm's services, with no hidden or late fees. This collaboration expands on Affirm's existing partnership with Expedia Group, where it serves as the exclusive buy now, pay later provider for Expedia and Vrbo.
The partnership aims to enhance the travel experience by providing greater payment flexibility. Affirm's integration with Hotels.com allows travelers to split their total purchase cost into budget-friendly payments, with full transparency on the total cost upfront. This move aligns with Expedia Group's commitment to improving customer service through innovative technologies.
Hotels.com ha stretto una partnership con Affirm (NASDAQ: AFRM) per offrire opzioni di pagamento flessibili per le sistemazioni. Gli ospiti approvati possono ora prenotare viaggi e pagare nel tempo utilizzando i servizi di Affirm, senza costi nascosti o penali per ritardo. Questa collaborazione amplia l'esistente partnership di Affirm con Expedia Group, dove funge da fornitore esclusivo di pagamento posticipato per Expedia e Vrbo.
La partnership mira a migliorare l'esperienza di viaggio fornendo maggiore flessibilità nei pagamenti. L'integrazione di Affirm con Hotels.com consente ai viaggiatori di dividere il costo totale dell'acquisto in pagamenti accessibili, con piena trasparenza sul costo totale fin dall'inizio. Questa iniziativa si allinea con l'impegno di Expedia Group a migliorare il servizio clienti attraverso tecnologie innovative.
Hotels.com se ha asociado con Affirm (NASDAQ: AFRM) para ofrecer opciones de pago flexibles para alojamientos. Los huéspedes aprobados ahora pueden reservar viajes y pagar a plazos utilizando los servicios de Affirm, sin costos ocultos o cargos por retraso. Esta colaboración amplía la asociación existente de Affirm con Expedia Group, donde actúa como el proveedor exclusivo de compra ahora, paga después para Expedia y Vrbo.
La asociación tiene como objetivo mejorar la experiencia de viaje al proporcionar una mayor flexibilidad en los pagos. La integración de Affirm con Hotels.com permite a los viajeros dividir el costo total de la compra en pagos asequibles, con total transparencia sobre el costo total desde el principio. Este movimiento se alinea con el compromiso de Expedia Group de mejorar el servicio al cliente a través de tecnologías innovadoras.
Hotels.com은 Affirm (NASDAQ: AFRM)과 제휴하여 숙소에 대한 유연한 지불 옵션을 제공합니다. 승인된 고객은 이제 Affirm의 서비스를 사용하여 여행을 예약하고 시간에 따라 지불할 수 있으며 숨겨진 수수료나 연체료가 없습니다. 이 협력은 Affirm이 Expedia Group과 맺고 있는 기존 파트너십을 확장하며, Affirm은 Expedia와 Vrbo의 독점적인 '지금 사서 나중에 지불하기' 제공업체로 활동하고 있습니다.
이 파트너십은 더 큰 결제 유연성을 제공하여 여행 경험을 향상시키는 것을 목표로 합니다. Hotels.com과의 Affirms 통합은 여행자들이 전체 구매 비용을 예산에 맞게 나눠 지불할 수 있게 하며, 총 비용에 대한 완전한 투명성을 제공합니다. 이 움직임은 Expedia Group이 혁신적인 기술을 통해 고객 서비스를 개선하겠다는 약속과 일치합니다.
Hotels.com s'est associé à Affirm (NASDAQ: AFRM) pour offrir des options de paiement flexibles pour les hébergements. Les clients approuvés peuvent désormais réserver des voyages et payer au fil du temps en utilisant les services d'Affirm, sans frais cachés ni pénalités de retard. Cette collaboration s'inscrit dans le cadre du partenariat existant d'Affirm avec Expedia Group, où il agit en tant que fournisseur exclusif de 'achetez maintenant, payez plus tard' pour Expedia et Vrbo.
Le partenariat vise à améliorer l'expérience de voyage en offrant une plus grande flexibilité de paiement. L'intégration d'Affirm avec Hotels.com permet aux voyageurs de diviser le coût total de leur achat en paiements abordables, avec une transparence totale sur le coût global dès le départ. Cette initiative s'aligne avec l'engagement d'Expedia Group à améliorer le service client grâce à des technologies innovantes.
Hotels.com hat sich mit Affirm (NASDAQ: AFRM) zusammengetan, um flexible Zahlungsmöglichkeiten für Unterkünfte anzubieten. Genehmigte Gäste können jetzt Reisen buchen und über die Zeit mit den Dienstleistungen von Affirm bezahlen, ohne versteckte Kosten oder Versäumnisgebühren. Diese Zusammenarbeit erweitert die bestehende Partnerschaft von Affirm mit der Expedia Group, wo Affirm als exklusiver Anbieter für 'jetzt kaufen, später bezahlen' für Expedia und Vrbo fungiert.
Die Partnerschaft zielt darauf ab, das Reiseerlebnis zu verbessern, indem sie eine größere Zahlungsflexibilität bietet. Die Integration von Affirm mit Hotels.com ermöglicht es Reisenden, ihre Gesamtausgaben in budgetfreundliche Raten aufzuteilen, mit vollständiger Transparenz über die Gesamtkosten von Anfang an. Dieser Schritt steht im Einklang mit dem Engagement der Expedia Group, den Kundenservice durch innovative Technologien zu verbessern.
- Partnership with Hotels.com expands Affirm's reach in the travel sector
- Builds on existing successful partnership with Expedia Group since 2016
- Potential to drive overall sales and increase average order value for Hotels.com
- Affirm now partners with 292,000 retail partners, including major brands
- None.
Insights
This partnership between Hotels.com and Affirm represents a strategic expansion of Affirm's presence in the travel sector. While it's a positive development, the immediate financial impact is likely to be modest. The deal builds on Affirm's existing relationship with Expedia Group, potentially increasing transaction volume but not necessarily opening up a completely new market segment.
From an investor's perspective, this move reinforces Affirm's growth strategy in the travel industry, which could lead to increased revenue streams over time. However, it's important to note that the travel sector can be volatile and seasonal, which may affect the consistency of income from this partnership. The addition of Hotels.com to Affirm's partner list, bringing the total to 292,000, demonstrates continued market penetration but doesn't represent a game-changing shift in the company's financial outlook.
This partnership taps into a growing consumer trend for flexible payment options in travel. By offering Affirm's services, Hotels.com is positioning itself to capture a broader customer base, particularly among younger travelers and those seeking to manage their cash flow. The move could potentially increase booking rates and average transaction values for Hotels.com.
For Affirm, this deal strengthens its foothold in the lucrative travel market. With no hidden or late fees, Affirm's offering aligns well with consumer demands for transparency in financial products. However, it's important to monitor how this partnership performs against competitors in the buy-now-pay-later space, who are also aggressively expanding into travel. The success of this venture will largely depend on user adoption rates and the ability to convert price-sensitive browsers into actual bookings.
From a technological standpoint, this partnership highlights the increasing integration of fintech solutions into e-commerce platforms. Affirm's API must seamlessly integrate with Hotels.com's booking system to provide a frictionless user experience. This integration could potentially enhance data collection and analysis capabilities for both companies, leading to more personalized offerings and improved customer targeting.
However, it's important to consider the technical challenges and potential risks. As financial transactions become more integrated into travel bookings, there's an increased need for robust security measures and compliance with various financial regulations across different jurisdictions. The success of this partnership will partly depend on how well these technical aspects are managed, including system uptime, transaction speed and data protection.
Accommodations available in simple payments, with no hidden or late fees
By selecting Affirm at checkout, approved Hotels.com guests can split the total cost of their purchase into budget-friendly payments. They are shown the total cost of their purchase and will never pay more than they agree to upfront, as Affirm never charges customers any late or hidden fees.
“We are delighted to advance our partnership with Affirm and Hotels.com. This expanded collaboration offers travelers greater payment flexibility when booking their dream stays,” said Clayton Nelson, Vice President, Strategic Partnerships & Affiliates, Expedia Group. “It emphasizes our dedication to enhancing the travel experience with innovative technologies, empowering our partners to offer exceptional service to their customers.”
“Expanding our long-standing Expedia Group partnership to Hotels.com is a significant milestone in our shared journey to bring increased payment flexibility to travelers,” said Pat Suh, Affirm’s SVP of Revenue. “It builds upon the success Expedia Group and Affirm have achieved since 2016, and creates a frictionless experience to meet consumer demand for pay-over-time options in lodging.”
Hotels.com joins 292,000 Affirm retail partners, including Amazon, Casper, Newegg, SeatGeek, Royal Caribbean, Great Wolf Lodge, American Airlines and more. Offering Affirm at checkout can drive overall sales, increase average order value, and reach new customers.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | Twitter.
About Hotels.com® (or Hotels.com™)
The Hotels.com app makes it easy to find your perfect somewhere with almost one million places to stay around the world. So, whether you're looking for value in Vegas, treehouses in
© 2024 Hotels.com, LP, an Expedia Group company. All rights reserved. Hotels.com and the Hotels.com logo are trademarks of Hotels.com, LP. All other trademarks are property of their respective owners. CST# 2083949-50
About Expedia Group
Expedia Group, Inc. brands power travel for everyone, everywhere through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success, while facilitating memorable experiences for travelers. Our organization is made up of three pillars: Expedia Brands, housing all our consumer brands; Expedia Product & Technology, focused on the group’s product and technical strategy and offerings; and Expedia for Business, consisting of business-to-business solutions and relationships throughout the travel ecosystem.
Expedia Group’s three flagship consumer brands includes: Expedia®, Hotels.com®, and Vrbo®. One Key™ is our comprehensive loyalty program that unifies Expedia, Hotels.com and Vrbo into one simple, flexible travel rewards experience. To enroll in One Key, download Expedia, Hotels.com and Vrbo mobile apps for free on iOS and Android devices. One Key is currently available in the
For more information, visit www.expediagroup.com. Follow us on Twitter @expediagroup and check out our LinkedIn www.linkedin.com/company/expedia.
© 2024 Expedia, Inc., an Expedia Group company. All rights reserved. Trademarks and logos are the property of their respective owners. CST: 2029030-50
Payment options through Affirm are subject to eligibility, and are provided by these lending partners: affirm.com/lenders. CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to California Finance Law license 60DBO-111681.
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Press
Affirm
Alex Rafter
press@affirm.com
(650)398-2715
Expedia Group
press@expedia.com
Source: Affirm
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