Expedia Buys Travelocity For $280 Million
the net travel business simply acquired slightly much less crowded.
January 23, 2015
There’s large news within the go back and forth world: Expedia is buying Travelocity for $280 million in cash. The acquisition follows a 2013 deal during which Expedia powered the backend of Travelocity’s North American website online and provided the commute carrier access to Expedia’s provide and customer service application.
At press time, no small print are available on Travelocity’s future. In a statement printed through Expedia and Travelocity father or mother company Sabre, Expedia CEO Dara Khosrowshahi stated “Travelocity is one of the most identified shuttle manufacturers in North the us, offering thousands of go back and forth locations to greater than 20 million vacationers per month. The strategic advertising and marketing settlement we have now had in position has been a marriage of Travelocity’s sturdy brand with our easiest-in-class reserving platform, provide base, and customer service. Evolving this relationship strengthens the Expedia Inc. household’s capability to continue to innovate and deliver the easiest trip experiences to the widest set of vacationers, far and wide the sector.”
Expedia’s acquisition of Travelocity is solely the newest in a collection of consolidations throughout the go back and forth booking trade. Expedia already runs Hotwire, and rival Priceline owns reserving.com, Kayak, and OpenTable.
[by means of the big apple occasions/DealBook]
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