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Russian hotel-booking giant Ostrovok tries to find its footing after slashing staff
DigitalSerge Faguet, co-founder and CEO of Russia hotel-booking site Ostrovok, concedes that the company didn’t always manage its growth efficiently, leading to its announcement this week that it was firing about one-third of the staff. That’s not the greatest signal to be sending to the world just three months after raising $25 million in a Series B [...]
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Russian booking site Ostrovok gets $25 million funding in Russian-American pact
DigitalOstrovok, the two-year-old Russia online travel agency, has big plans and an alliance of American and Russian investors contributed $25 million in a Series B round to help the company achieve its dream. In its sights, co-founder and CEO Serge Faguet tells Skift, Ostrovok aims to raise another $100 million in funding in a year [...]
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Russia’s Ostrovok besting Expedia in hotel booking choices
DigitalFive years from now it will be commonplace for online travel agencies to give customers the dual option of prepaying or paying at the hotel, and Russian online travel agency Ostrovok.ru is leading the way in the sophistication of its hybrid model. Until recently, OTAs have offered one option at a time, either pay at [...]
