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eDreams buys hotel booking site budgetplaces.com

eDreams Odigeo announces today it has acquired the Barcelona-based business budgetplaces.com, a hotel booking site that provides customers with access to accommodation around the world.

Founded in Barcelona in 2003, Budgetplaces.com provides centrally located accommodation to travelers around the world. It records over 210,000 online reservations per year and processes 50,000 room nights every month. The company works with 7,500 directly contracted hotels, hostels, bed & breakfasts and apartments worldwide.

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The acquisition will give eDreams ODIGEO and its travel brands access to innovative technology and will improve product diversification, in line with the company’s business strategy. The acquisition follows the disposal of eDreams ODIGEO’s corporate travel business earlier in Germany, Sweden, Finland, Norway, and Denmark. As a result of this, the acquisition will not have an impact on estimated fiscal year 2016-17 capital expenditures.

– Source: http://hotelmarketing.com/index.php/content/article/edreams_buys_hotel_booking_site_budgetplaces.com#sthash.J0Wzxp02.dpuf

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