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The merger and acquisition binge in online travel just kicked up a notch as Expedia Inc. agreed to acquire Australia’s Wotif Group for $658 million (AU $703 million), or AU $3.30 per share.
Wotif was established during 2000 in Australia as an online hotel booking service. It was bought by United States travel giant Expedia during late 2014. Up until recently, what set Wotif apart from other online booking and comparison service was its grid or matrix of hotel prices and availability.
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For holidays and business travel get cashback on hotels, flights, car hire and activities at Wotif.com. Pay no hotel booking fees and find the lowest rates with our hotel and package price promise. Wotif is part of Expedia Inc brands alongside lastminute.com.au, Expedia, Hotels.com and Travelocity.
Travel.com.au said if the company’s bid is successful it expects to see earnings per share (EPS) accretion in the 2009 financial year, being the first full year after the acquisition. Wotif.com’s takeover offer is dependent on the company acquiring 90 per cent of Travel.com.au’s shares.
Hotel consultant Peter Hook traced the boom of online travel agencies back to March 2001, when the post-Olympic slowdown was really beginning to sting. Then an executive with Accor hotels, Mr Hook met with tech entrepreneur Graeme Wood. It was then that Mr Wood pitched Wotif.com, a way to help businesses like Accor sell their vacant hotel rooms.
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ONLINE travel agents like Expedia, Wotif and Booking.com have lost the right to offer the “best deal” for hotel rooms in Australia. A new agreement set by the Australian Competition and Consumer Commission, means hotels will be able to offer guests a cheaper rate — but only if they call the
WOTIF AFFILIATE PROGRAM. ABOUT WOTIF Wotif is one of the most recognised online travel brands in Australia and New Zealand Half of all aussies and 1-in-4 kiwis have travelled on a Wotif booking since 2000 Wotif has more than 230,000 local & global hotels and offers
Wotif.com. 293K likes. Wotif.com
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Hi cta1207, Welcome to the Holiday Travel forum. I’m sorry to hear of your predicament. It’s an unfortunate situation you’re in, but cancellation policy for Wotif.com is clearly stated in their T&C. Wotif is generally considered to be a complete ‘no refund’ site, but exceptions are occasionally made by the hotel – I stress ‘occasionally’
Booking website Wotif has announced the winners of the people’s choice for its 2019 Uniquely Aussie Awards, recognising Australia’s most loved travel experiences across six iconic Aussie categories. From the best sausage rolls in the country to the greatest place for a swim in the summertime, click through to see 2019’s winners.