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Tiscover takes share in NetHotels
Tiscover hopes to boost its business with the consumer leisure sector through acquiring a quarter share in a booking solutions provider.
The destination system provider has bought a 26% share of online reservations platform NetHotels.com. The deal is still subject to approval monopolies and mergers authority.
NetHotels distributes around 35,000 hotels online through its own and affiliate websites. It developed and sells the NetHotels ReServer Software Technology. If the deal is approved the company will continue to operate independently under its own name.
The two companies plan to pool resources and knowledge to create an online solution for hotels and tourism organisations.
Tiscover executive director of sales, marketing and finance, Karsten Kärcher said: “To strengthen our position at the head of the tourism solutions marketplace it made commercial sense to take a stake in NetHotels.com.”
Report by Ginny McGrath
Ginny McGrath
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