Expedia Group (NASDAQ: EXPE) and Affirm (NASDAQ: AFRM) this week announced an expanded, multi-year partnership, making Affirm the exclusive provider of BNPL installment payment methods for lodging and packages across Expedia, Hotels.com and Vrbo. Affirm will also be available to Canadian travellers on select properties in the coming weeks.
Eligible travellers 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 travellers can access 0% APR offers on three- or six-month plans.
“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 of 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.”
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.
“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.”
Expedia Group is part of the nearly 420,000 merchants globally who trust Affirm to deliver flexible payment options to their customers, including Amazon, Costco, Seat Geek, REVOLVE, and many more.
