Booking Holdings Buys HotelsCombined as Kayak Expands Into Asia Pacific
Skift Take
Booking.com is Booking Holdings' favored child, but with the addition of HotelsCombined, it is apparent that the parent company still sees plenty of opportunity for its Kayak unit in metasearch worldwide. This deal will help Kayak expand in Asia Pacific, and will give HotelsCombined additional resources as well.
Buying UK-headquartered Momondo Group in 2017 for $550 million wasn't enough for Booking Holdings as it announced Monday that it is acquiring Sydney, Australia-based HotelsCombined.
Like Momondo, HotelsCombined will become part of Booking Holdings' Kayak unit, expanding the metasearch unit's presence in Asia Pacific.
Kayak has 22 people working out of a Hong Kong office but they are mostly focused on flight metasearch. The HotelsCombined deal strengthens Kayak in hotels and in Asia Pacific.
The deal, which has been approved by HotelsCombined shareholders and its board of directors, is expected to close later this year, subject to regulatory approvals. Founded in 2005, Hotels
