Barcelona, January 17, 2017 - eDreams ODIGEO announces today it has acquired the Barcelona-based business budgetplaces.com, a hotel booking site that provides customers with access to accommodation around the world.

Founded in Barcelona in 2003, Budgetplaces.com provides centrally located accommodation to travelers around the world. It records over 210,000 online reservations per year and processes 50,000 room nights every month. The company works with 7,500 directly contracted hotels, hostels, bed & breakfasts and apartments worldwide.

The acquisition will give eDreams ODIGEO and its travel brands access to innovative technology and will improve product diversification, in line with the company's business strategy. The acquisition follows the disposal of eDreams ODIGEO's corporate travel business earlier in Germany, Sweden, Finland, Norway, and Denmark. As a result of this, the acquisition will not have an impact on estimated fiscal year 2016-17 capital expenditures.

About eDreams ODIGEO

eDreams ODIGEO is one of the world's largest online travel companies and one of the largest European e-commerce businesses. Under its four leading online travel agency brands - eDreams, GO Voyages,Opodo, Travellink, and the metasearch engine Liligo - it offers the best deals in regular and charter flights, low-cost airlines, hotels, cruises, car rental, dynamic packages, holiday packages and travel insurance to make travel easier, more accessible, and better value for the more than 17 million customersitserves worldwide. With a presence in 44 markets, eDreams ODIGEO is listed in the Spanish Stock Market.

eDreams Odigeo SA published this content on 17 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 11:26:03 UTC.

Original documenthttp://www.edreamsodigeo.com/press-releases/2017/01/edreams-odigeo-acquires-hotel-booking-site-budgetplaces-com/

Public permalinkhttp://www.publicnow.com/view/623757A100A0821F4A5C1358E8DA112732ECA1C5