News

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.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

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.

More in News

Hannon Travel signs up to GoCarbonNeutral.ie

Michael FloodJanuary 28, 2020

Positivity at Holiday World, But Coronavirus Causes Concern

Neil SteedmanJanuary 28, 2020

Coronavirus: Three Hubei Province Cities in Lockdown, Hong Kong Suspends Travel

Neil SteedmanJanuary 28, 2020

Fly Direct to Israel with EL AL from 26 May

Michael FloodJanuary 28, 2020

Wendy Wu Tours Reports Record Sales in Ireland for 2019

Michael FloodJanuary 28, 2020

PATA to Engage More with Travel Trade in 2020

Michael FloodJanuary 28, 2020

Airbus Reaches Settlement Over Corruption Investigations

Neil SteedmanJanuary 28, 2020

CLIA Announces Exclusive Meyer Werft Shipyard Visit for Agent Members

Michael FloodJanuary 23, 2020

ITTN Travel Deals – 23rd January 2020

Neil SteedmanJanuary 23, 2020

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland