Travel Website Buys U.S. Hotel Booking Site
- RIA Novosti
- Aug. 08 2013 20:24
- Last edited 20:24
WASHINGTON — The U.S. hotel-booking website DealAngel has been purchased by the Russian travel site OneTwoTrip, the technology news website VentureBeat reported this week.
San Francisco-based DealAngel, which opened for business early last year, is a site that analyzes hotel pricing data to help users get the best deal for a room. The sale to Moscow-based OneTwoTrip was announced August 6 by both companies, VentureBeat reported Tuesday.
The terms of the deal were not disclosed.
OneTwoTrip is expanding rapidly, having raised $25 million in capital since its founding two years ago, VentureBeat reported. The Russian firm has focused primarily on flight bookings, and the DealAngel purchase is intended to improve its hotel services, OneTwo Trip chief executive Peter Kutis said in a statement.