Booking Holdings, which earlier snapped up UK-headquartered Momondo Group for US$550 million, is now acquiring hotel metasearch site, HotelsCombined.
With the acquisition, the Sydney-based HotelsCombined will be merged under Booking Holdings’ travel metasearch brand, Kayak.
Commenting on the decision, Glenn Fogel, CEO of Booking Holdings, said: “HotelsCombined has built a strong brand with loyal consumers across Asia-Pacific, and we believe the team will be a great addition to Kayak to further expand our worldwide metasearch strategy.”
Hichame Assi, CEO of HotelsCombined, commented: “Operating under the Kayak umbrella will strengthen our proposition to both customers and partners with greater scale, product breadth and innovation.”
The acquisition is expected to close later this year, subject to regulatory approval and satisfaction of closing conditions.