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Expedia and Decolar.com Strengthen Partnership

Expedia and Decolar.com Strengthen Partnership

Expedia and Decolar.com, the Latin American online travel company, have expanded their partnership to include deeper co-operation on hotel supply and a $270 million minority equity investment by Expedia.

Mark Okerstrom, Chief Financial Officer, Expedia

Mark Okerstrom, Chief Financial Officer, Expedia

 

Expedia has invested $270 million for a stake of under 20% of Decolar and has broadened the hotel listings the companies have shared since 2002, Mark Okerstrom, Expedia’s Chief Financial Officer, told investors at a Piper Jaffray & Co conference. “Our strategy is very clearly to own and empower the best travel brands that exist in the world,” he said.

Expedia purchased Travelocity for $280 million in January this year and in February announced plans to acquire Orbitz Worldwide Inc. for more than $1.3 billion.

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NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

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