Deal time on the subcontinent, with Travelocity selling its hotel spin-off service Travelguru to Yatra, one of the biggest online travel agencies in India.
The sale, for an undisclosed fee, ends a relatively brief period of ownership under the Sabre-owned Travelocity umbrella after Travelgru was bought less than three years ago, also without any terms being released.
Travelguru has operated as a separate brand from the existing Travelocity Global push into India since August 2009, two years after the online travel agency entered the Indian market for the first time.
Read full story at: http://www.tnooz.com/2012/06/29/news/travelocity-sells-travelguru-hotel-site-to-indian-agency-giant-yatra/
