JP Morgan Chase is organizing a full service travel business, having purchased a travel agent offering luxury trips, a booking system, and a restaurant review company. The bank has also constructed airport lounges for customers, with the website slated to launch soon. It was reported in February that JP Morgan had made deal to buy the Frosch luxury travel agency, and it is projected that its new travel branch could accumulate $15 billion in bookings in 2025. This would make it the third largest travel agency worldwide after Expedia and Booking.com. JP Morgan has advised on a number of public market floats and investment rounds in the short-term rental and wider travel and hospitality spaces.
Short Term Rentalz (08/10/22) Paul Stevens