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Oktogo buys Russian review site Travel.ru, claims to now be largest service in the country

09/06/2013| 1:17:26 PM| 中文

Some signs of consolidation in the burgeoning online travel sector in Russia as the heavily-backed Oktogo snaps up the 15-year-old review site Travel.ru.

The deal is undisclosed officially, but those familiar with the deal claim it is in the region of $2 million.

The hotel booking site, which has attracted some $26 million in funding in its reasonably short, four-year history, says its combined traffic with Travel.ru will be around three million monthly unique visitors.

This, it reckons, will make it the “largest online travel destination for Russian travelers”.

Read full story at: http://www.tnooz.com/2013/09/04/news/oktogo-buys-russian-review-site-travel-ru-claims-to-now-be-largest-service-in-the-country/

TAGS: Oktogo | Travel.ru | acquisition
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