First Travelocity for $280 million and now Orbitz for $1.3 billion. Expedia is on a buying spree right now and is scooping up all of its biggest competitors, but why? Many expect that this is due to the rise of home-sharing sites like Airbnb and that Expedia is rushing to increase its power to better combat these rapidly growing alternative services.
Expedia has agreed to buy Orbitz for $1.3 billion, bringing together two pioneers of online travel. The deal, announced Thursday, adds to Expedia’s long list of travel sites, including Hotels.com, Hotwire and Trivago. The company also last month just finished its acquisition of Sabre’s Travelocity for $280 million and in November bought Australia’s Wotif Holdings for about $612 million. A proliferation of travel and home-sharing sites — including Hipmunk, Kayak and Airbnb — has motivated the leaders of online travel to keep gobbling up other players in hopes of maintaining and growing their customer bases. For example, Priceline — Expedia’s much larger rival — in 2013 bought Kayak, which aggregates ticket information from other websites, for $1.8 billion.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
Of particular relevance and significance, this is in the article published by Andrew Lanxon. With the increased efforts to incorporate…
I don't know about you guys but I'm definitely looking forward to having my Amazon orders delivered to my doorstep via…
If you thought Apple Pay was convenient, you should check out the UP4. Whereas Apple's mobile payments service required you…
Cyanogen made headlines a few weeks back by announcing its intention to wrestle control of Android away from Google, a…
