Expedia paid $ 270 million for a minority stake in Argentina-primarily based on the web travel agency Decolar.com. The precise percentage of the stake was not revealed.
Expedia currently had been delivering significantly of Decolar.com's hotel listings. It has been Decolar’s partner in some type considering that 2002. Decolar launched in 1999 and operates in 21 Latin American countries nowadays. Decolar.com also operates Despegar.com (the two names mean "take off" in Portuguese and Spanish, respectively).
Expedia continues to purchase all or element of smaller sized OTAs in a battle for marketplace share with Priceline Group. Expedia last month agreed to obtain Orbitz Worldwide for $ 1.34 billion, and in January completed its $ 280 million acquisition of Travelocity.
Final November, Expedia completed its acquisition of Australia-primarily based OTA Wotif Group for about $ 612 million.
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Image by Ricky Leong
Portland. (March 2015)
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