Travel Industry set for consolidation : TravelGuru grabs Desiya for 100 crores, Travelocity hunting for one..
As expected, TravelGuru has finally announced Desiya acquisition @ Rs. 100 crores ($25 million).
Desiya has 1,000 travel agents and 225 travel portals among it’s clients. It has 1,500 hotels in it’s inventory all over India and has a strong presence in UK. The portal registers 600 transactions a day, over 500 B2B transactions and 100 inbound hotel bookings. [ET]
Desiya’s core strength has been it’s B2B focus and not B2C – they licensed their content to portals like TravelGuru/ClearTrip and IndiaTimes.
Now that Desiya has been lapped up, its time for Inasra to kick in?
Also, Travelocity India is looking out for an acquisition target. Any guesses?
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tags: desiya, travelguru, travelocity india, indian travel industry
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- TravelGuru sells majority stake to Expedia
- Travel industry wrapup: MMT to foray into bus ticketing, Expedia to enter Indian market
Travelcity itself is a huge brand…i don’t think it actually requires any aqiasitions:-)
Are you being ripped?
http://www.avashya.com/articles/57674/travel-industry-set-for-consolidation-travelguru-g/
Ashish – Yogendra here does seem right. You are being ripped. Give ‘em hell man. Lol.
Thanks guys..looks like these avashya guys are ripping off every other site and are taking the entire content.
[...] online travel industry is set for consolidation. 7 months back, desiya was acquired by TravelGuru (rumored value: $25mn) and now, TG, the online hotel aggergator has sold it’s majority stake [...]
[...] may not help in the long run as the bigger opportunity lies in capturing the data (desiya, the biggest player was acquired by TraveGuru for ~100 [...]