Lastminute.com Looks to Asia-Pacific for More Travel Deals
Skift Take
On the back of an impressive set of first-half results, Lastminute.com is casting the net further afield in the search for new acquisitions. Buying up companies in other parts of the world doesn't always work out, so executives will have to choose wisely.
Online travel business Lastminute.com Group is turning its attention to potential deals outside of its core European market as it considers further travel acquisitions to help boost growth.
The company, which has been pretty active in the M&A market in recent years, buying up both small and medium-sized companies, is looking at "potentially entering the Asia-Pacific market in terms of the flight business" Sergio Signoretti, chief financial officer, said on an earnings call on Thursday.
Another possibility is on the metasearch side, to sit alongside the Jetcost and Hotelscan brands. Signoretti said these wouldn't necessarily be big deals but would primarily serve to "expand our geographical footprint out of the markets where we're present today."
With the compan
