Travelzoo is thought to be in the frame to acquire some or all of luxury travel website company Travesse Lifestyle after it fell into administration earlier this month.
Travelzoo tipped to announce purchase of Travesse
Travelzoo is thought to be in the frame to acquire some or all of luxury travel website company Travesse Lifestyle after it fell into administration earlier this month.
A deal could be announced as soon as tomorrow alongside Travelzoo’s third quarter financial results.
The move for a transactional business like Travesse would be a significant addition to Travelzoo’s media model which is has succssfully grown globally over the last seven years.
The company announced in a trading update on October 12 that it was in negotiations to acquire an unnamed hotel booking website.
Previously known as Flash Sales, Travesse Lifestyle owned UK members-only luxury travel site travesse.com as well as theraveleditor.com, a source of travel-specific editorial content.
London-based Travesse Lifestyle’s portfolio includes private-sale luxury travel site Spire, boutique hotel and villa specialists Chic Retreats, UK-focussed Travel Intelligence, luxury lifestyle platform Suzanne’s Files and US-based Perfect Escapes.
The Perfect Escapes site network was acquired in March along with Starfish Interactive, a proprietary online booking platform and inventory management system for luxury travel.
Joint administrator Andrew Stoneman, of global financial advisory and investment banking firm Duff & Phelps, said earlier his month that a number of interest parties had come forward with expressions of interest in Travesse.
Travelzoo disclosed at the time of the trading update that it was in “active discussions” to acquire a hotel booking website.
Chief executive Chris Loughlin said at the time: “We are excited about adding, or developing, a hotel booking platform to our deals business.”
