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Priceline announced in May 2015 that it would invest an additional $250 million in Chinese online travel company Ctrip to tap the fast-growing China market. [12] Priceline officially ended its Name Your Own Price deals for flight bookings in 2016, [13] rental cars in 2018 [14] and hotels in 2020. [15]
Booking Holdings Inc. is an American travel technology company incorporated under Delaware General Corporation Law and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda, Kayak, Cheapflights, Rentalcars.com, Momondo, and OpenTable.
In July 2005, the company was acquired by Priceline Group (now called Booking Holdings) for $133 million, and was merged with ActiveHotels.com, a European online hotel reservation company, purchased by Priceline Group for $161 million in September 2004. [6] In 2006, Active Hotels Limited changed its name to Booking.com Limited. [7]
During the 2010s, companies like Dohop (which collaborates with EasyJet) and the Czech travel agency Kiwi began to sell interlining tickets. They purchase single segments on booking systems like Sabre and Amadeus, and re-package them with additional services, like reimbursed hotel costs in case of missed connections, vouchers to purchase another connecting flight, and phone helplines.
Hotwire was launched in 2000, by Karl Peterson, Eric Grosse, Gregg Brockway, and Spencer Rascoff. Initial funding came by founding partner Texas Pacific Group (TPG), a leading private equity firm that Karl Peterson used to work for, that invested an initial $75 million into Hotwire. [3]
Google Flights is an online flight booking search service that facilitates the purchase of airline tickets through third-party suppliers. It was launched by Google in 2011 following a buyout. It was launched by Google in 2011 following a buyout.
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