TripAdvisor today announced that it has acquired a members-only private sale site for hotel bookings, Jetsetter.com although the terms of the deal not disclosed. Interestingly, back in October last year, Gilt Groupe, the parent company of Jetsetter.com trying to sell the brand for about $50 million but finally the turned out buyout comes now only.
“Jetsetter is an outstanding brand and I am absolutely delighted to welcome the Jetsetter team to the TripAdvisor family,” said Steve Kaufer , co-founder and CEO TripAdvisor, Inc. “With Jetsetter and our own SniqueAway brand, we now have two leading travel private sale sites under one roof. We are excited by the opportunities this provides to continually help drive amazing value for our travelers staying at some of the world’s most highly-rated hotels.”
“In a short span of time, Jetsetter has emerged as a premier player in the travel space, and we are proud of what the team has accomplished,” said Michelle Peluso , CEO, Gilt. “There are strong synergies between Jetsetter and TripAdvisor and we are confident that having Jetsetter be part of the TripAdvisor group will further accelerate its growth.”