Expotel has acquired LateMeetings.com, the real time online booking service, for an undisclosed sum.
The £200m-a-year hotel and travel management services group currently places over 20,000 conferences and meetings annually and expects the acquisition to lead to significant growth in this market.
Comments Ian Burnley, CEO for Expotel, ‘LateMeetings.com delivers the advantages of immediacy, connectivity, 24/7 accessibility, internationality
and sustainability. Increasingly these will be the values that corporate and public sector buyers, as well as venue operators, will rate most highly’
Burnley adds, ‘this expansion should be seen as integral to the development of our recently re-launched expotel.com online presence. Whilst call centre bookings will continue to dominate, within five years perhaps 25% of all business event transactions will be web-driven’.
LateMeetings.com directors John Gallery and Chris Martins are being retained as consultants by Expotel.