Skift Take
Luxury vacation homes and villas subscription service Inspirato and Capital One are working on a commercial deal and strategic partnership.
Luxury vacation homes and villas subscription service Inspirato and Capital One are working on a commercial deal and strategic partnership, and once that has been negotiated, then Capital One Ventures would provide Inspirato with a $25 million convertible note, the companies announced Tuesday.
“The capital is expected to provide broad operating flexibility to Inspirato as it continues to enhance the luxury travel experience it delivers for its members,” Inspirato said.
Capital One operates Capital One Travel, powered by Hopper, which has likewise been the beneficiary of a Capital One investment, namely $96 million in 2022. Inspirato would presumably provide some of its luxury inventory to Capital One Travel, which has been striking some of its own luxury hotel deals independent of Hopper. Inspirato has its second quarter earnings call on Wednesday.
Capital One Advances Travel Deal Strategy With Intent