Thomas Cook acquires booking website
A hotel booking website set up in 2003 was today snapped up by holidays giant Thomas Cook in a deal worth £21.8 million.
Egham-based Hotels4U.com supplies accommodation to the British travel industry and acts as an online booking agent for hotels, apartments and villas.
Managing director Haim Perry, who founded Hotels4U, will remain with the business having agreed to reinvest some of the sale proceeds.
Thomas Cook said the deal boosted its position in the independent travel sector, while it also strengthened its mainstream business.
Hotels4U features more than 30,000 properties and provides accommodation and resort transfers for more than 500,000 customers a year.
Mr Perry said: "As a business we now have access to the international markets that Thomas Cook is present in and therefore the opportunity for further growth."
Thomas Cook also said today that trading continued to be positive, with encouraging levels of demand this winter and for the summer season.
- 1 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 A politically correct lefty goes to see Top Gear live – you'll probably believe what happened next
- 4 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
Woman accidentally shoots herself in the head while posing for a selfie
How China's richest man Li Hejun lost $15bn in an hour - and made a fortune
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Snoop Dogg on why he doesn't regret displaying misogyny towards women
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
A nation of inequality: How the UK is failing to feed its most vulnerable people
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...