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TripAdvisor acquires Jetsetter.com for expansion

PUBLIC · TRIPMay 10, 202618 days ago

Acquiring Company

TripAdvisor

Acquired Company

Jetsetter.com

MassachusettsLeisureTravelTourismTravel Agency

Description

TripAdvisor has acquired Jetsetter.com, enhancing its portfolio of exclusive online travel brands. This acquisition will help TripAdvisor to expand its presence in niche travel markets. The terms of the deal were not disclosed. CEO Steve Kaufer noted the strategic importance of having both Jetsetter and SniqueAway under one brand.

Company Information

Company

TripAdvisor

Location

Massachusetts, United States

About

TripAdvisor is a leading online travel platform that allows users to plan and book their travel experiences. It offers reviews and comparisons of hotels, restaurants, and attractions. The company aims to enhance its portfolio by acquiring niche travel brands. TripAdvisor continues to expand its presence in the travel industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed