29
Jun
2014

VIDEO: Why Online Travel Companies Are Buying Restaurant Reservation Operators

Lately, increased M&A activity has been observed in the online restaurant reservation space. TripAdvisor, the world’s largest travel review company, acquired French site LaFourchette for $140 million last month. LaFourchette is one of the leading Internet and mobile restaurant reservation systems in Europe, with over 12,000 participating restaurants. In a similar move this month, Priceline, the world’s biggest online travel agency by revenues, acquired North America’s leading restaurant reservation service, OpenTable, for $2.6 billion.



[grabpress_video guid=6d66336ec0e97ea0da2e2e2f7e14e48cc93dbebc embed_id=2085735]

Thanks for checking us out. Please take a look at the rest of our videos and articles.

To stay in the loop, bookmark our homepage.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

Pinoy Bisnes Ideas