Stack Capital Holding Hopper Announces Strategic Partnerships With Hotelbeds & WebBeds

Hopper customers and its B2B partners gain access to 700,000+ hotel properties worldwide

TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (TSX:STCK and STCK.WT) is pleased to announce that Hopper, Inc. (“Hopper”), an existing portfolio holding, has entered into strategic partnerships with Hotelbeds, a global leader in the TravelTech space, and WebBeds, a global marketplace which provides powerful distribution solutions that make the buying and selling of travel products easier.

As the third largest online travel agency in the United States, with 100+ million app downloads, these new partnerships allow Hopper to ‘super-charge’ its efforts to build the best-in-class global hotel supply network, benefitting both its app users along with the impressive list of Hopper Cloud partners and their respective clients.

“Impressive partnership announcements, which combine to significantly expand Hopper’s inventory of hotel properties worldwide,” said Jeff Parks, CEO of Stack Capital. “Hopper customers, whether direct via the app or through any of Hopper’s B2B partners, will benefit from better selection and booking options.”

To access a copy of the Hopper announcement please click here.

About Stack Capital

Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses. Through Stack Capital, shareholders have the opportunity to gain exposure to the diversified private investment portfolio; participate in the private market; and have liquidity due to the listing of the Common Shares and Warrants on the TSX. At the same time, the public structure also allows the Company to focus its efforts on maximizing long-term performance through a portfolio of high growth businesses, which are not widely available to most Canadian investors. SC Partners Ltd. (the "Manager") has taken the initiative in creating the Company and acts as the Company's administrator and is responsible to source and advise with respect to all investments for the Company.

About Hopper

Hopper is the world's fastest-growing mobile-first travel marketplace, focused on helping customers save money and travel better. The Hopper app has over 100 million downloads and continues to capture market share around the world. By leveraging massive amounts of data and machine learning, the company has developed several unique fintech solutions that address everything from pricing volatility to trip disruptions. Through its B2B initiative, Hopper Cloud, the company is syndicating its travel fintech products and inventory, providing companies that aspire to sell travel a differentiated consumer experience and offering. Hopper has increased its revenue 2.5X year-over-year and now sells over $7 billion in travel and travel fintech annually. To find out more about Hopper, visit Hopper.com.