Luxury Travel Site Secret Escapes Buys Germany’s JustBook To Square Up To Jetsetter And Hotel Tonight
Some consolidation afoot in the online travel space: UK-based Secret Escapes, which focuses on luxury travel flash sales, is buying Germany's JustBook, a mobile-based specialist in bookings in the business travel sector. The companies are not disclosing the financial terms of the deal, but JustBook co-founder and MD Stefan Menden says the cash and shares deal "makes sense for everyone involved."… Read More
Hotel Booking App JustBook Pivots Slightly Away From HotelTonight Model As It Aims To Conquer The U.S.
Is there enough growth in the last-minute or same-day hotel booking app space? With HotelTonight raising $45 million in Series D funding earlier this month, the consensus amongst the Silicon Valley investment community would appear to say yes. But one player, Berlin-headquarted JustBook, has had a change of heart. Timed to co-incide with its U.S. launch this week, the German startup is pivoting… Read More
Groupon Acquires HotelTonight Competitor Blink To Get In On The Last Minute Hotel Booking App Action
More acquisition news in the online travel space. This time it's the turn of Groupon, which this morning announced that it's acquired Madrid, Spain-based Blink, a last minute hotel booking app that competes with the likes of the heavily backed HotelTonight, and Hot Hotels, also headquartered in Spain. Terms of the deal remain undisclosed. Read More