17 April 2008

Cash injection for Splendia to fund expansion

Hotel booking website Splendia has secured an injection of funds from CrÃ~©dit Agricole Private Equity of â'š~¬3 million.

This is in addition to an original investment by Alven Capital, which has invested â'š~¬2 million since 2006 to help finance Splendiaââ¬â¢s international growth.

Splendia, which operates a hotel booking website for ââ¬Åâœluxury and character hotelsââ¬~, now has a selection of more than 1,750 hotels worldwide.

It claims its turnover has doubled yearly to reach â'š~¬27 million in 2007.

It said the funds from CrÃ~©dit Agricole Private Equity will help the company expand in America and Asia and support marketing strategies to ensure greater customer loyalty.


By Bev Fearis

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