Hopper Fact Sheet

Brianna Schneider - Sep. 21, 2016

How Hopper Works

  • Hopper is a mobile app for iOS and Android devices that takes the guesswork out of the travel planning process by providing insightful, data-driven research to help travelers make better decisions about when to travel and purchase flights and accommodations.

Flights

  • Hopper collects ten five to fifteen billion airfare price quotes every day and has built a huge historical archive of several trillion prices from over the past several years.

  • Hopper uses this data to predict future flight prices with 95% accuracy, up to six months in advance of departure, and will recommend if a user should "buy now" or "wait for a better price."

  • Rather than dealing with the hassles of comparison shopping for flights online, Hopper monitors prices 24/7 and notifies users the instant they should buy or if prices are expected to rise.

  • Since flight deals can be time sensitive, the app offers the fastest way to book a flight. It takes only a few taps to complete the process in the app.

Hotels

  • Just like with airfare, Hopper uses big data to predict the future cost of accommodation. Hopper collects millions of hotel price quotes for over 500 hotels in New York every day, and has accumulated over a year's worth of data.

  • Hopper uses this data to make predictions with 95% recommendation accuracy up to six months in advance -- offering guidance around whether you should buy now or set up a watch and wait for a better price.

  • Hopper saves users an average of $34 a night on hotels, and up to $90 a night in the best case scenarios. Currently, our average trip watch is for 8 nights, which would mean a total savings of $272 on average or as much as $720.

  • Just like with flights, you can book your hotel room directly in the app -- it only takes a few taps and you're set.

Hopper Co-Founders, Joost Ouwerkerk and Frederic Lalonde.

Company Background

  • Frederic Lalonde is the CEO and Co-Founder of Hopper. Prior to Hopper, he co-founded Newtrade Technologies, which was acquired by Expedia in 2002, 21 months after their first round of funding. He then worked as a VP at Expedia.

  • Hopper is based in Montreal and Boston and has raised $104M CAD in funding to date from Brightspark Ventures, Accomplice, OMERS Ventures, Investissement Québec, BDC Capital IT Venture Fund and, Caisse de dépôt et placement du Québec (CDPQ).

  • The Hopper app launched in early 2015 and has been downloaded over 20 million times since then.

  • Hopper has sold over $600 million worth the flights in the app and is selling over $1.5 million a day in the app.

  • The average Hopper user saves an average of $50 on domestic flight and $120 on international flights.

  • Hopper is adding one million new users each month, and in the United States, its mobile growth is stronger than all other air OTAs (source: App Annie).

  • Hopper is the #1 travel app in over 37 countries and is ranked as one of the top 10 travel apps in 95 countries (source: App Annie)

  • Hopper has received accolades such as Apple's Best of 2015, the Google Play Award for Standout Startup of 2016, Webby Award for Best Travel App, and Google Play Best Apps of 2016

  • Hopper users have tracked 50 million trips since launch, and are watching 3 million new trips every month.

Press Contact

Brianna Schneider (Media@hopper.com)

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