WEST PALM BEACH, FLA. (PRWEB) MARCH 05, 2019
HotelPlanner, a leading online seller of group hotel bookings and individual hotel stays worldwide, today announced the acquisition of Room 77 (http://www.room77.com), a search engine based out of Culpeper, VA that finds highly competitive rates at more than 200,000 hotels around the world.
With a similar mission to help customers find the best hotel deals with the least amount of legwork, the acquisition of Room 77 expands HotelPlanner’s leadership position in the global online travel market. In 2018, HotelPlanner experienced an 40% increase in revenue growth and serviced over $10 billion in group hotel travel, totaling nearly 8% of the group marketplace. The acquisition of Room 77 is expected to help further accelerate the company’s growth by another 40% in 2019.
“Our acquisition of Room 77 is HotelPlanner’s biggest deal to date and follows a number of recent acquisitions that help further position our company as a leader in global group hotel bookings. This deal will significantly increase HotelPlanner’s bookings and revenues, allowing us to compete effectively by constantly innovating and driving a great user experience,” said Tim Hentschel, Co-Founder and CEO of HotelPlanner.
With one search, Room 77 allows customers to compare rates across hundreds of leading travel sites, including Expedia, Priceline, Orbitz, Booking.com, Hotels.com and hotels directly, offering a wide selection of rates and availability to get the best deal. The site also has a large selection of private rates not published at other major travel sites, saving customers even more money.
“Similar to HotelPlanner, our mission at Room 77 has always been to save customers time and money when booking travel, and we believe we can further this mission within the larger HotelPlanner infrastructure. Together, we will continue to create an invaluable tool for our global community of travelers,” said Tom Underwood, CEO of Room 77.