Skift Take
Chase Travel and American Express Travel are among the top handful of leisure travel sellers in the U.S. That's mostly good news for online travel agency partners, as well.
Chase Travel has at least one asset that CapitalOne doesn't have — Chase owns its own technology while CapitalOne relies to some extent on Hopper.
Meanwhile, Chase Travel is battling with American Express Travel, and is on track to meet its 2023 goal of $10 billion in travel sales. In 2022, American Express Travel did an estimated $9.2 billion and Chase was on its tail at $8.5 billion, according to the Travel Weekly Power List.
"So we're right at that number and continue to grow," Jason Wynn, head of travel at JPMorgan Chase told Skift. "So I feel confident that we will grow and be at $15 billion by 2025."
In a wide-ranging interview, Wynn talked about Chase Travel's acquisitions of cxLoyalty in 2021 and Frosch Travel Group in 2022, and the advantages that gives Chase over competitors.
He also discussed Chase's partnership with Expedia on hotels, why Chase feels the necessity to open money-losing airport lounges with free perks, and the advantages that come with co-branded card relationships with partners such as Southwest, United and British Airways.
The following interview has been edited for clarity and length:
Where does Chase Travel stand today?Jason Wynn: I think we're still well within the top five ranks of U.S. leisure [including Expedia, Priceline, American Express and Flight Centre]. Our growth continues to be on track. We s