tag:blogger.com,1999:blog-29875741.post1870269658979165874..comments2024-03-09T20:40:14.660+11:00Comments on The BOOT - The Business of Online Travel: Web Reservations International (WRI) up for sale for GBP 275mm (the Times)Tim Hugheshttp://www.blogger.com/profile/05383381229302650553noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-29875741.post-71253280167272962432009-11-24T21:17:46.133+11:002009-11-24T21:17:46.133+11:00Techcrunch said today "about $340 million&quo...Techcrunch said today "about $340 million" (~220m euros at today's exchange rate).<br /><a href="http://eu.techcrunch.com/2009/11/23/boo-com-owner-made-100m-but-not-from-boo/" rel="nofollow">link</a>Joshhttp://www.hostelmanagement.com/noreply@blogger.comtag:blogger.com,1999:blog-29875741.post-36231799085254985842009-11-17T19:23:40.234+11:002009-11-17T19:23:40.234+11:00So apparenty WRI was sold to private equity group ...So apparenty WRI was sold to private equity group Hellman & Friedman for a rumoured £200M transaction. Still puzzled about the valuation of the group though.Guillaumehttp://www.hotel-blogs.comnoreply@blogger.comtag:blogger.com,1999:blog-29875741.post-88325223981938501192009-11-06T23:06:39.748+11:002009-11-06T23:06:39.748+11:00This will be a major milestone in this concern.......This will be a major milestone in this concern......<br /><br /><a href="www.tcindia.com" rel="nofollow">TravelIndia</a>Travel Indiahttp://www.tcindia.comnoreply@blogger.comtag:blogger.com,1999:blog-29875741.post-68918314032167526372009-11-03T16:31:26.233+11:002009-11-03T16:31:26.233+11:00@Guillaume - good point - chances are it was WRI t...@Guillaume - good point - chances are it was WRI talking themselves up to the journoTim Hugheshttps://www.blogger.com/profile/05383381229302650553noreply@blogger.comtag:blogger.com,1999:blog-29875741.post-32921476155233638832009-10-27T22:15:58.510+11:002009-10-27T22:15:58.510+11:00I am not sure how The Times came out with this num...I am not sure how The Times came out with this number of £275M valuation to sell the WRI businesses. By the look of it, they are looking at a multiple of 8 times the yearly revenue they do per year. Seems a bit much to me compared with other similars than happened in the last 5 years in Europe (Booking, Active Hotels, Venere...)Guillaumehttp://www.hotel-blogs.comnoreply@blogger.comtag:blogger.com,1999:blog-29875741.post-86627960586086628032009-10-27T07:29:09.305+11:002009-10-27T07:29:09.305+11:00Maybe Hostelbookers can raise a boatload of cash a...Maybe Hostelbookers can raise a boatload of cash and take 'em over?<br /><br />I find it interesting that the revenue multiple for this potential sale (7.7x) is almost exactly the same as SideStep's for the Kayak deal. Although I don't recall seeing profit figures included for the SideStep transaction...ever hear of any?<br /><br />And I wonder what HW's asking price would have been 18 months ago.Pete Meyershttp://www.eurocheapo.comnoreply@blogger.comtag:blogger.com,1999:blog-29875741.post-30796522338915409262009-10-26T15:46:56.828+11:002009-10-26T15:46:56.828+11:00Thanks for the mention.
I run HostelManagement.c...Thanks for the mention. <br /><br />I run HostelManagement.com by the way.<br /><br />The sale of WRI will definitely have a major effect on the hostel industry.<br /><br />--Josh<br />("@joshhostels" on Twitter)Joshhttp://www.hostelmanagement.com/noreply@blogger.comtag:blogger.com,1999:blog-29875741.post-66241723850279407612009-10-26T12:54:36.866+11:002009-10-26T12:54:36.866+11:00your group not interested or are they still playin...your group not interested or are they still playing with the Amadeus sandpit ?Deep Throathttps://www.blogger.com/profile/16721745937191259269noreply@blogger.com