Phuket Dot Com Travel Business Sells For USD25 Million

Category: Tourism, Posted:12 Nov 2012 | 06:00 am

The Phuket Gazette has reported that island-based website HotelTravel.com has been sold for USD25 million.
In a transaction which reportedly includes USD15 million in cash and USD10 in shares.
Indian OTA (online travel agency) MakeMyTrip.com is reportedly the buyers.
This is now the second large dot com sale of a website developed locally, with the first being AsiaWebDirect (Phuket.com) to Australian OTA Wotif a few years ago.

Other News

Direct Hanoi Phuket Flights Commence

Category: Tourism, Posted:20 May 2023 | 12:11 pm Vietjet has kicked off direct flights between Hanoi and Phuket. The airline also operates daily service between the Thai resort island and Ho Chi Minh City. While short-haul regional Phuket is gaining pace, with China gaining traction, long-haul traffic to Thailand remains slower compared to 2019, according to OAG. Thai Airways International’s absence from the […]

Phuket Hotels Association Online Travel Auction Now Open

Category: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]

C9 Hotelworks and Horwath HTL Release New Bali Hotel and Branded Residences Report

Category: Hotels|Real estate, Posted:28 Apr 2023 | 16:33 pm The resort island of Bali continues to be one of the world’s most desired holiday destinations. Over the past three decades, its resort real estate market has continued to evolve and change. Though, for branded residences, both in the lead-up and period after the global pandemic it has lagged behind other key Southeast Asian leisure […]

More Insider News