Business
Expedia Group and Affirm deepen partnership, with US exclusivity and plans for further expansion
SEATTLE & TORONTO--(BUSINESS WIRE)-- Expedia Group (NASDAQ: EXPE) and Affirm (NASDAQ: AFRM) are making it easier for travelers to move from planning to
About this update from Expedia Group, Inc.
[{"type":"text","content":" SEATTLE & TORONTO--(BUSINESS WIRE)--\nExpedia Group (NASDAQ: EXPE) and Affirm (NASDAQ: AFRM) are making it easier for travelers to move from planning to booking with confidence. The companies today announced an expanded, multi-year partnership, making Affirm the exclusive provider of Buy Now, Pay Later installment payment methods for lodging and packages across Expedia Group's flagship brands in the US, including Expedia, Hotels.com and Vrbo. Affirm will also be available to Canadian travelers on select properties in the coming weeks.\n\n\nEligible travelers shopping for hotels and packages on Expedia, and properties on Hotels.com and Vrbo will receive a real-time approval decision and can choose from customized monthly payment plans up to 24 months. In the US, eligible travelers can access 0% APR offers on three- or six-month plans. With Affirm, there is no compounding interest and no late fees — ever. Travelers see their terms upfront — no surprises.\n\n\n“Travel inspires us and creates memories; when travelers have clarity and confidence in selecting their payment options, they are empowered to pursue meaningful, once-in-a-lifetime experiences,” said Jing Yang, Vice President, Global Payments at Expedia Group. “By extending our partnership with Affirm in the US and soon Canada, we’re giving more people the flexibility to plan their memorable adventures and choose payment options that work best for them.”\n\n\nFuture-proofing the travel booking experience\n\n\nAs Expedia Group continues to evolve how people plan trips, including using AI to help travelers discover destinations and build itineraries, Affirm is evolving alongside them. With discovery and planning increasingly happening through AI-powered tools like ChatGPT, the moment of checkout is beginning to show up in new parts of the booking experience, and payment choice and transparency will be a key part of that experience.\n\n\n“In our decade of partnering with Expedia Group, we’ve seen that travelers are increasingly including consideration of ‘how to pay’ with ‘where to go’ as they plan and book trips,” said Pat Suh, SVP of Revenue at Affirm. “As Expedia Group continues to innovate how people plan travel, we’re focused on making sure the payment experience is just as seamless. Whatever your booking method, travelers should always have a clear, honest way to pay.”\n\...