TripAdvisor has announced the acquisition of tech startup ZeTrip, and travel journal app Rove. Apparently, the semi-stagnant market for high tech travel tools, has been rekindled.
acquisitions
Vacation Home Rentals Now Part of TripAdvisor
Vacation Home Rentals has been acquired by TripAdvisor. The Massachusetts vacation rental service’s more than 14,000 properties worldwide become part of the current expansion by the world’s most prolific online travel review site.
Korean Air Buys 44% Stake in Czech Airlines
Korean Air and Czech Airlines finalized the former’s buyout of 44% of the Czech carrier making the Korean airline their second largest stakeholder.
MCR Development Buys 10 Hilton & Marriott Hotels
MCR Development LLC announced on Friday their having acquired 1o Hilton and Marriott hotels from Skye Hospitality. With a total of 1,294 rooms, the portfolio is made up of primarily newer hotels, according to the company’s press.
Former Yugoslavia Air Carriers to Meet
Amid accusations Montenegro Airlines desires some kind of monopoly on the Balkans country’s airspace, CEO of the company, Zoran Djurišić, announced his invitation to executives of three of the former Yugoslavia’s biggest carriers, Croatia Airlines, Jat Airways, and Adria Airways, to a sort of summit on the Budva Riviera.
CT Business Travel Acquires Medway Travel Limited
News from London reveals CT Business Travel’s acquisition of Maidstone business Medway Travel Limited. After 8 months of research in the sector, CT Business Travel selected Medway as their logical growth opportunity.