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Price freeze and cancel for any reason trip insurance could be coming to more travel providers

July 29, 2021
4 min read
Price freeze and cancel for any reason trip insurance could be coming to more travel providers
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Now more than ever, flexibility is the name of the game when it comes to the travel industry. It's an area travel book app Hopper has focused on, offering features such as price freeze and "Cancel For Any Reason" trip insurance alongside its price prediction tools to help travelers save money and have peace of mind during the booking process.

Until now, those features have been exclusive to trips booked through Hopper, but thanks to an expanded partnership with travel industry giant Amadeus, that could be about to change.

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Hopper and Amadeus expanded partnership

Hopper created a B2B initiative earlier this year called Hopper Cloud, where it offers the company's fintech products to partners. Capital One was the first to partner up with the travel booking app, and Hopper technology will power Capital One's new travel portal set to launch later in 2021.

Now, Amadeus is also partnering with Hopper to offer price freeze and Cancel for Any Reason trip coverage to customers.

(Screenshot courtesy of Hopper)

In return, Hopper will have access to Amadeus' global car rental inventory — which spans 40 car rental companies in more than 3,500 cities and almost 200 countries worldwide. Currently, Hopper works with Amadeus for global flight booking, so this is a significant expansion of the working relationship between the brands.

“Hopper has been a valued customer and partner for Amadeus, particularly in North America, which is a key growth market for us,” said Peter Altmann, head of mobility and insurance at Amadeus, in a press release. “As travel technology leaders like Hopper and Amadeus collaborate to rebuild travel, delivering services that boost traveler confidence is critical.”

What this could mean for travelers

For anyone unfamiliar with Amadeus, it's a travel industry giant that offers a global distribution system alongside IT solutions for the travel and hospitality industries. Most relevant to this partnership with Hopper, Amadeus provides reservation systems for global travel brands including Air France, British Airways, Qantas and more.

This partnership could lead to travel providers — from OTAs to international airlines and hotel brands — offering the price freeze and Cancel for Any Reason trip insurance.

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According to Hopper, customers save an average of $80 when they use the price freeze tool — which allows you to lock in a flight or hotel price for up to 14 days before booking for only a small deposit that you can then apply to your booking.

(Photo by martin-dm/Getty Images)

Cancel for Any Reason trip coverage is another useful offering — especially in the era of travel during COVID-19. Generally, independent providers offer the best coverage for the cost. Most credit card trip insurance won't cover cancelations due to hesitancy to travel because of COVID-19 risk and oftentimes the protections offered by airlines and hotels themselves are lacking.

However, if brands that use Amadeus start offering Cancel for Any Reason coverage at a reasonable price through this partnership, our tune could change.

Related: TPG's comprehensive guide to independent travel insurance

When I sat down with Hopper's head of hotel fintech, Anwesha Bhattacharjee, back in June to discuss the price freeze feature, it was clear Hopper is only just getting started in its development of tools and products that aim to empower travelers to book trips confidently while saving money.

There's no guarantee that airlines, hotels, travel agencies and other Amadeus customers will take advantage of the new Hopper-developed products now offered. But this does open the door for it to be possible.

As domestic and international destinations reopen and people continue to get vaccinated against COVID-19, it's very possible we'll start to see more brands embrace these fintech trip insurance products to entice customers to book those long-awaited trips.

Photo by izusek/Getty Images.

Featured image by Getty Images
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023