Russian Travel Agency Buys US Hotel Site

Russian Travel Agency Buys US Hotel Site
# 07 August 2013 22:40 (UTC +04:00)

Baku-APA. The US hotel-booking website DealAngel has been purchased by the Russian travel site OneTwoTrip, the technology news website VentureBeat reported this week, APA reports quoting RIA Novosti.

San Francisco-based DealAngel, which opened for business in early 2012, 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.

“The depth of industry experience and vision of the DealAngel team are what really convinced us,” Kutis said in the statement, VentureBeat reported. “We are very much looking forward to getting the DealAngel team onboard and bringing our hotel product to the next level.”

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