IPOs and Acquisitions in the Online Travel Industry

“Know the terrain of the battle” Sun Tzu

 

Our company WeTravelers (operators of WeHostels) is competing in the highly-competitive huge $300 Billion industry. Therefore I am deeply interested in learning about the landscape of liquidity for investors in new ventures in the industry. Although some organizations such as PhocusWright, Eye For Travel and others have done specific researches on the industry, I couldn’t find a cadaster of all the liquidity events in the industry. So I did my own research based on information available in the web regarding all the IPOs and Acquisitions of the industry since 1999. I’m happy to share the results with the world here in my blog. I have also uploaded the lists as answers to questions in Quora. I will keep updating the lists and adding more information about each specific event.

IPOs:

· Sabre   (IPO in 1996)
· Expedia   (IPO in 1999)
Lastminute.com (IPO in 2000)      
· Priceline   (IPO in 2001)
· Orbitz   (IPO in 2002)
· cTrip   (IPO in 2003)
· Travelzoo   (IPO in 2004)
· Home Inns   (IPO in 2006)
· Travelport   (IPO in 2010)
· China Lodgnings   (IPO in 2010)
· HomeAway   (IPO in 2011)
· Amadeus   (IPO in 2011)
· MakeMyTrip   (IPO in 2011)
· TripAdvisor   (IPO in 2012)
· Kayak   (IPO in 2012)
· Qunar   (filed to IPO in 2012)

Acquisitions:

·        LendingTree   (acquired by Priceline in 1999 for $M)
·        GetThere   (acquired by Sabre Holding in 2000 for $757M)
·        Travelscape   (acquired by Expedia in 2000 for $89M)
·        Vacationspot   (acquired by Expedia in 2001 for $71M)
·        Travelocity   (acquired by Sabre Holding in 2002 for $420M)
·        Site59   (acquired by Travelocity in 2002 for $43M)
·        Classic Custom Vacations (acquired by Expedia in 2002 for $78M)
·        Metropolitan Travel (acquired by Expedia in 2002 for $M)
·        Newtrade Technologies (acquired by Expedia in 2002 for $M)
·        World Choice Travel (acquired by Travelocity in 2003 for $50M)
·        Hotwire (acquired by Expedia in 2003 for $663M)
·        RentalCars (acquired by Priceline in 2003 for $M)
·        LowestFare (acquired by Priceline in 2003 for $M)
·        All State Tours, Inc. (acquired by Travelocity in 2004 for $25M)
·        TripAdvisor (acquired by Expedia in 2004 for $212M)
·        Activity World (acquired by Expedia in 2004 for $M)
·        Egencia (acquired by Expedia in 2004 for $M)
·        Orbitz Inc. (acquired by Cedant Corp in 2004 for $1112M)
·        Hostels.com (acquired by Hostelworld (Web Reservations International) in 2004 for $3M)
·        SynXis Corp. (acquired by Sabre Holdings in 2004 for $40M)
·        Travel Web (acquired by Priceline in 2004 for $30M)
·        IgoUgo.com (acquired by Sabre Holdings in 2005 for $M)
·        CyberRentals.com (acquired by HomeAway in 2005 for $M)
·        GreatRentals.com (acquired by HomeAway in 2005 for $M)
·        A1Vacations.com (acquired by HomeAway in 2005 for $M)
·        TripHomes.com (acquired by HomeAway in 2005 for $M)
·        Holiday-Rentals.co.uk (acquired by HomeAway in 2005 for $M)
·        FeWo-direkt.de (acquired by HomeAway in 2005 for $M)
·        Booking.com  (acquired by Priceline in 2005 for $150M)
·        Vacation Villas International (acquired by WVR Group in 2005 for $M)
·        Travelweb Ltda (acquired by Submarino SA in 2005 for $1M)
·        ebookers (acquired by Cedant Corp in 2005 for $324M)
·        Gullivers Travel Associates (acquired by Cedant Corp in 2005 for $1100M)
·        Zuji (acquired by Travelocity in 2006 for $37M)
·        VRBO.com (acquired by HomeAway in 2006 for $M)
·        TravelJigsaw (acquired by Priceline in 2006 for $103M)
·        Active Hotels (acquired by Priceline in 2006 for $161M)
·        TravelTainment (acquired by Amadeus in 2006 for $M)
·        LookTours   (acquired by Viator Travel in 2006 for $M)
·        First Choice Hollidays (acquired by LateRooms Ltd. in 2006 for $150M)
·        Globe Travels (acquired by Sify Limits in 2006 for $M)
·        Changes in Lattitudes (acquired by Dynamic Leisure Group in 2006 for $1.5M)
·        Whatsonwhen Ltd (acquired by John Wiley Europe in 2006 for $M)
·        Silver Lake (acquired by Silver Lake Partners, Texas Pacific Group in 2007 for $5.3B)
·        E-site Marketing (acquired by Sabre Holdings in 2007 for $M)
·        Arbritel.fr (acquired by HomeAway in 2007 for $M)
·        VacationRentals.com (acquired by HomeAway in 2007 for $M)
·        OwnersDirect.co.uk (acquired by HomeAway in 2007 for $M)
·        Agoda (acquired by Priceline in 2007 for $170M)
·        Smarter Travel Media (acquired by TripAdvisor in 2007 for $M)
·        BookingBuddy.com (acquired by TripAdvisor in 2007 for $M)
·        SeatGuru.com (acquired by TripAdvisor in 2007 for $M)
·        TravelPod.com (acquired by TripAdvisor in 2007 for $M)
·        Travel-Library.com (acquired by TripAdvisor in 2007 for $M)
·        Venere (acquired by Expedia in 2007 for $475M)
·        Sabre Holding (acquired by Silver Lake Partners in 2007 for   $5400M)
·        LowFares.com (acquired by Oversee.net in 2007 for $M)
·        FlipKey (acquired by TripAdvisor in 2008 for $M)
·        The Independent Traveler (acquired by TripAdvisor in 2008 for $M)
·        Holiday Watchdog (acquired by TripAdvisor in 2008 for $M)
·        Virtualtourist (acquired by TripAdvisor in 2008 for $M)
·        OneTime.com   (acquired by TripAdvisor in 2008 for $M)
·        Worldby.com (acquired by Venere in 2008 for $M)
·        WorldRes, Inc. (acquired by TravelHero.com in 2008 for $M)
·        HotelsbyCity.com (acquired by Priceline in 2008 for $M)
·        Hostelworld.com (acquired by Hellman & Friedman in 2009 for $450M)
·        Lonely Planet (acquired by BBC in 2009 for $200M)
·        Kuxun (acquired by TripAdvisor in 2009 for $120M)
·        Homelidays.com (acquired by HomeAway in 2009 for $M)
·        Travelguru (acquired by Travelocity in 2009 for $10M)
·        Adventure Central (acquired by AdventureLink in 2009 for $M)
·        Zenon NDC Limited (acquired by Sabre Holdings in 2010 for $5.5M)
·        HolidayLetings (acquired by TripAdvisor in 2010 for $M)
·        BedandBreakfast.com (acquired by HomeAway in 2010 for $M)
·        AlugueTemporada.com.br (acquired by HomeAway in 2010 for $M)
·        TripIt (acquired by Concur Technologies in 2010 for $120M)
·        Mobiata (acquired by Expedia in 2010 for $M)
·        OurExplorer (acquired by Viator Travel in 2010 for $M)
·        DiscoverTour Guides (acquired by Tours4Fun in 2010 for $M)
·        Tripology, Inc. (acquired by Rand McNally & Co in 2010 for $M)
·        swoodoo GmbH (acquired by KayaK in 2010 for $M)
·        TravelMuse (acquired by Travel Ad Network in 2010 for $M)
·        eDreams (acquired by Premira in 2010 for $362M)
·        Go Voyages (acquired by AXA in 2010 for $370M)
·        Ruba (acquired by Google in 2010 for $M)
·        Where I’ve been (acquired by TripAdvisor in 2011 for $M)
·        EveryTrail (acquired by TripAdvisor in 2011 for $M)
·        ITA Software (acquired by Google in 2011 for $700M)
·        Zagat (acquired by Google in 2011 for $200M)
·        Opodo (acquired by ODIGEO in 2011 for $614M)
·        Accoleo (acquired by Airbnb in 2011 for $M)
·        Hotelicopter (acquired by RoomKey in 2011 for $M)
·        Dealchecker.co.uk (acquired by EasyVoyage in 2011 for $14M)
·        eLong   (acquired by Expedia in 2011 for $126M)
·        Zoombu (acquired by Skyscanner in 2011 for $M)
·        Cheap-Flights.to (acquired by Beachfront Solution in 2011 for $M)
·        Travelforce (acquired by Egencia in 2011 for $M)
·        10Best, Inc. (acquired by NileGuides in 2011 for $M)
·        eat.shop guides (acquired by TravelShark in 2011 for $M)
·        Gowalla (acquired by Facebook in 2011 for $M)
·        Second Porch (acquired by Homeaway in 2011 for $3M)
·        Realholidays.com (acquired by Homeaway in 2011 for $2.1M
.        BUNAC (acquired by STA Travel in 2011)
·        NileGuide (acquired by Trevora in 2012 for $M)
·        Toprural.com (acquired by HomeAway in 2012 for $14M)
·        Uptake (acquired by Groupon in 2012 for $19M)
·        Travesse Lifestyle (acquired by Perfect Escapes Inc. in 2012 for $M)
·        CrashPadder (acquired by Airbnb in 2012 for $M)
.        Frommer’s (acquired by Google in 2012 for $M)
.        Wanderfly (acquired by TripAdvisor in 2012 for $M)
.        DailyBooth (acquired by Airbnb in 2012 for $M)
.        Fondu (acquired by Airbnb in 2012 for $M)
.        WorldMate (Acquired by CWT in 2012 for$20M)
.        PremierTable (Acquired by HotelTonight in 2012 for $M)
.        Rumbo (Acquired by BravoFly in 2012 for $M)
.        HotelTravel (Acquired by MakeMyTrip for $25M)
.        Kayak (Acquired by Priceline in 2012 for $1.8B)
.        Trivago (Acquired by Expedia in 2012 for $632M)
.        TinyPost (Acquired by TripAdvisor in 2013)
.        LonelyPlanet (Acquired by Keller Media for $70M)
.        JetSetter (Acquired by TripAdvisor for $M)

Note: This data has been gathered from different sources in the web, and may not reflect the accurate information about these deals. Feel free to edit the answer if you see any mistake or want to add additional information.

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