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.”