Cheapflights sells off non-flights business
AIM listed e-commerce company Internet Business Group has acquired a number of non-flight websites from Cheapflights.com for £1.1 million.
The websites include CheapHolidayDeals.co.uk and CheapAccommodation.com.
These are advertising sites promoting competitive rates from UK travel operators, mainly on a cost per click basis.
In addition, IBG has bought around 75 domain names which are variations of CheapHolidayDeals, CheapAccommodation or CheapShortBreaks. The deal does not include e-mail databases.
Cheapflights CEO David Soskin said: “This transaction enables us to focus on our core flights price comparison business in the UK, to continue the company’s hyper-growth in the US, and to devote resources to our planned international expansion.”
IBG chairman Maziar Darvish said: “This transaction has significant strategic value for the company. The reach of the acquired operations are highly complementary with IBG’s existing holiday search platform, Henoo.com and AffiliateFuture’s established position in the travel sector.
“IBG now offers a very broad and exciting mix across the sector and this acquisition further consolidates the company’s expertise within travel.“
IBG non-executive director Andrew Doe will oversee its growing travel portfolio for three months.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive