Expedia and Decolar.com, the Latin American online travel company, have expanded their partnership to include deeper co-operation on hotel supply and a $270 million minority equity investment by Expedia.
Expedia has invested $270 million for a stake of under 20% of Decolar and has broadened the hotel listings the companies have shared since 2002, Mark Okerstrom, Expedia’s Chief Financial Officer, told investors at a Piper Jaffray & Co conference. “Our strategy is very clearly to own and empower the best travel brands that exist in the world,” he said.
Expedia purchased Travelocity for $280 million in January this year and in February announced plans to acquire Orbitz Worldwide Inc. for more than $1.3 billion.
