Booking Site Operator Szállás Group Acquires Romanian Peer
Szállás Group, which owns booking site operators in Hungary, Poland, Romania, the Czech Republic and Croatia, has acquired an 80% stake in the operator of Romania's Litoralulromanesc.ro for EUR 16.8 million, the company said on Tuesday, according to state news wire MTI.
Last year, travelers booked accommodations with a value over EUR 45 mln on Litoralulromanesc.ro which focuses on hotels and resorts along the Black Sea Coast, Szállás Group said.
The acquisition dovetails with the earlier purchase of Romanian online travel agency Travelminit.ro which had bookings of EUR 30 mln in 2023, it added.
Szállás Group was acquired by Polish media company Wirtualna Polska for EUR 82 mln in 2022.
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