Skift Take
Expedia Group has a strong – and growing – business to business segment that is about a quarter of its overall revenue. Booking Holdings and Hopper are nipping at Expedia's heels.
Expedia Group and Mastercard are teaming to power a loyalty points redemption program that enables banks and credit unions that issue Mastercards to enable their cardholders to redeem credit card loyalty points after booking Expedia-provided trips.
Mastercard has partnerships with numerous co-branded card issuers, including Chase Card Services, Citi Retail Services, and Capital One, for example, that can potentially tap into the Mastercard-Expedia Group loyalty services, although some of these Mastercard partners already use rival travel providers.
Hopper, for example, is the travel provider for Capital One Travel.
The Mastercard-Expedia Group partnership has Expedia providing a booking template, which it calls its white label template technology, and Mastercard chips in with its digital redemption solution.
The partnership means that travelers who have co-branded Mastercards from participating banks can redeem Mastercard points when they book their trips.
Expedia Group