Priceline acquires German 188bet best bookmaker startup Flyiin

Industrial Investment Author of this 188bet best bookmaker: E-commerce News 2021-05-12
New 188bet best bookmaker on providing flight search、Reservation、Payment and program maintenance and other services。

Recently,Priceline, a sub-brand of Booking Holdings, acquires German 188bet best bookmaker startup Flyiin,Neither the acquiring party disclosed the terms of the transaction。Flyiin co-founder and CEO Stéphane Pingaud has become Priceline’s senior director of flight strategy。

Public information display,Flyiin is headquartered in Berlin,Mainly engaged in B2B business,Help airlines distribute tickets through 188bet best bookmaker agencies。Since its establishment in 2015,The company has raised only .7 million。

After the acquisition is completed,The name Flyiin will no longer be used,At the same time,Six Flyiin employees will join Priceline’s flight services product and engineering development team。New 188bet best bookmaker on providing flight search、Reservation、Payment and program maintenance and other services。Priceline also hopes to recruit engineering employees,To support the expansion of the application scope of this technology。

Priceline spokesperson Christina Bennett said: "Our flight business remains an important strategic component of Booking Holdings Connect Trip (one-stop 188bet best bookmaker)。”Also,He also mentioned Priceline’s strategy of providing a full range of products and payment platforms。Bennett said he expects this strategy to drive overall business growth over the next few years。

Booking Group spokesperson Leslie Cafferty said,This is only a small acquisition,Mainly for Booking Group to establish its global air ticket business strategy。

Since the epidemic,Booking Holdings has always been cautious about investments and acquisitions,March this year,Booking Holdings’ Kayak opens Miami Beach hotel through partnership with startup Life House,Thus entering the hotel operation field。

Booking Holdings’ first quarter 2021 financial report shows,Booking’s total bookings in the first quarter of this year (including hotel rooms、Services such as car rentals and air tickets) are US.9 billion,Down 4% compared with the same period last year。First quarter of 2021,The company’s non-GAAP net loss was 2.USD 1.5 billion,And first quarter 2020 non-GAAP net income was 1.US.6 billion;The net loss attributable to ordinary shareholders of the parent company in the first fiscal quarter of this year was 5,500.USD million,Net loss for the same period in 2020 was 6.US.9 billion;Operating income is 11.US.1 billion,Down 50% year-on-year.13%。

As understood,The company’s total 188bet best bookmaker bookings for 2020 were US.4 billion,Decreased 63% year-on-year in 2019。Among them,Gross bookings for the fourth quarter were .3 billion,Decreased 65% year-on-year。At the same time,One year ended December 31, 2020,Booking Group’s total revenue is US.8 billion,Down 55% year-on-year。

*Source of this 188bet best bookmaker:E-commerce News, originalTitle:《Priceline acquires German 188bet best bookmaker startup Flyiin》.


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