Sunday, October 25, 2009

Web Reservations International (WRI) up for sale for GBP 275mm (the Times)

The Times is reporting that Web Reservations International (WRI) is up for sale with a price tag of £275m.

WRI is owned by Ray Nolan and U2 Manager Paul McGuinnes. It operates

  • - the former fashion/clothing site and poster child for the dotcom bust in Europe is now a meta-search company
  • - online booking for hostels, backpakers and budget accommodation
  • - more hostels and backpacker bookings with content
  • - more budget accomm including cheap hotels, motels, guesthouses, bed and breakfasts, youth hostels, holiday apartments, campsites, inns and lodges
The Times is saying that WRI has sales last year of €38m (£35m) and made a pre-tax profit of €18.3m.

thanks to joshhostels where I spotted the story first on Twitter and Hostelmanagement where he spotted it.

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