Price prediction and booking app Hopper has made its first acquisition – picking up GDX Travel, a Bogota-based company that specializes in airline distribution. Terms of the deal have not been disclosed.
The acquisition gives Montreal-based Hopper several critical assets. First, access to GDX Travel’s API to connect directly to more than 25 regional and low-cost carriers in Latin America via IATA’s NDC, broadening the app’s offering of fares and ancillary products from these airlines - about half of which are not available in the global distribution systems.
Second, GDX Travel’s Bogota office will become Hopper’s Latin America headquarters – an important physical presence in a region that Hopper says is its second-largest market outside of the United States, with a current year-over-year growth rate of more than 100%. GDX Travel co-founder and CEO James Figueroa is now Hopper’s general manager for Latin America.
And third, the integration of GDX Travel’s 36 employees adds business and engineering expertise that Hopper will use to ramp up its NDC connections worldwide.
Read Original Article