Online.ie : Irish online firm buys US rival for E6mjeudi 20 février 2003 / par Dom
Source : Online.ie
Web Reservations, the Irish online hotel and hostel reservations company, has bought the US firm Hostels.com for a figure in the order of E6m.
Web Reservations, which is run by Tom Kennedy and Ray Weber, has as shareholders people such a Paul McGuinness and Paddy Holahan, formerly of Baltimore Technologies. Trevor Bowen, who works for U2’s Principal Management, is also a shareholder.
According to a report in today’s Irish Independent, Hostels.com is one of the online world’s leading accomodation reservation services with over 6,000 sites listed and 10 million users every month.