Travel recommendation app Hopper might be considered the new kid on the block, with downloads and usage growing rapidly in 2021 with the introduction of fintech products aimed at providing more flexibility and security to customers.
While it has gained traction in the past year, Hopper has actually been around for close to a decade. It started as travel tool similar to TripAdvisor, in which users could search for a place or activity and check out reviews from the web.
The team working on Hopper spent six years building this database in stealth, launching Hopper.com in 2014. Hopper CEO Frederic Lalonde had previously sold a travel startup to Expedia in 2002.
With all of this valuable data on places and trips, Hopper was well placed to add other features such as flight and hotel bookings. Flights were predominately what the app was known for, as it build a cost prediction tool that could forecast with high accuracy the cost of a flight up to a year in advance.
During the coronavirus pandemic, Hopper added a whole host of new features aimed at providing customers with more price security and flexibility. These features included a cancel or change flight for any reason, a flight disruption guarantee, and a price freeze tool. According to Hopper, in 2022 over 60 percent of users took advantage of at least one of these features when booking a flight or hotel on the app.
These fintech products have been crucial to Hopper’s revenue growth, and have also been well-received by users. In 2021, Hopper was the most downloaded travel app in the United States and Canada. It has also added rental cars and homestays onto its platform, to compete with Airbnb and Vrbo.
We have collected data and statistics on Hopper. Read on below to find out more. Need more insights? Check out our Travel App report.
Hopper Key Statistics
- Hopper generated $850 million revenue in 2024, a 21.4% increase on the previous year
- Bookings on Hopper reached $7.5 billion in 2024, an improvement on the $5.9 billion bookings volume last year
- Hopper had 35 million users in 2024, an 22% decrease on 2023 figures
- The app was downloaded 4.5 million times in 2024, a huge decline on 2023
Travel App Report 2025
Want to learn more about the travel app industry? Our Travel App report covers financials, market share, users, installs, demographics and benchmarks.
- Charts: 80
- Data Points: 1038
- Apps covered: 16
Hopper Overview
| Title | Title 2 |
|---|---|
| Launch date | March 2007 |
| HQ | Montreal, Canada |
| People | Frederic Lalonde (CEO, co-founder), Dakota Smith (President), Sebastien Rainville (Head of Platform Development, co-founder) |
| Business type | Private |
| Industry | Travel |
Hopper Revenue
Hopper made $850 million revenue in 2024, with a large percentage of that revenue coming from its flexibility and security add-ons.
Hopper revenue 2019 to 2024 ($mm)
| Year | Revenue ($mm) |
|---|---|
| 2019 | 45 |
| 2020 | 40 |
| 2021 | 150 |
| 2022 | 500 |
| 2023 | 700 |
| 2024 | 850 |
Source: Travel App Report
Hopper Bookings
Hopper’s annual bookings reached $7.5 billion in 2024, with 40% of that coming from its fintech products.
Hopper bookings 2017 to 2024 ($bn)
| Year | Bookings ($bn) |
|---|---|
| 2017 | 0.4 |
| 2018 | 0.5 |
| 2019 | 0.8 |
| 2020 | 0.6 |
| 2021 | 1.1 |
| 2022 | 4.5 |
| 2023 | 5.9 |
| 2024 | 7.5 |
Sources: Stack Capital, Skift
Hopper Users
Hopper had an estimated 35 million users in 2024, which have accessed the app once in the year.
Hopper users 2018 to 2024 (mm)
| Year | Users (mm) |
|---|---|
| 2018 | 11 |
| 2019 | 15 |
| 2020 | 10 |
| 2021 | 25 |
| 2022 | 40 |
| 2023 | 45 |
| 2024 | 35 |
Note: User estimate pulled from annual bookings and annual downloads
Hopper Downloads
Hopper was downloaded 4.5 million times in 2024, with the vast majority of downloads happening in the US.
Hopper downloads 2018 to 2024 (mm)
| Year | Downloads (mm) |
|---|---|
| 2018 | 7.7 |
| 2019 | 6.7 |
| 2020 | 4.4 |
| 2021 | 12.5 |
| 2022 | 15.2 |
| 2023 | 18.7 |
| 2024 | 4.5 |
Sources: AppMagic, Appfigures
Hopper Valuation
Hopper was valued at $5 billion in its most recent funding round with Drive Capital, Stack Capital Group, Goldman Sachs and others participating in the round.
Hopper valuation 2018 to 2022 ($bn)
| Year | Valuation ($bn) |
|---|---|
| 2018 | 0.78 |
| 2021 | 3.5 |
| 2022 | 5 |
Source: TechCrunch
Travel App Market Landscape
The travel app market has a huge variety of apps for every step of the journey, making travel a stress-free experience. At the core, there are several marketplace apps, of which Hopper is one, that combine services, such as hotels, flights, events and transport. You can download this map as a PDF, which includes a landscape version.
Hopper vs Competitors: Market Share
Hopper is one of the big five apps for booking accommodation in the US, but has struggled to keep pace after being the most downloaded travel app in the US in 2021.
Travel app market share in United States 2024 (%)
Want to learn more? Check out our Travel App Report
Hopper FAQ
How many price points does Hopper check everyday?
According to Hopper’s press page, it checks 30 billion price points everyday to ensure its prediction tool is as accurate as possible
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