ADVERTISEMENT

Booking Site Operator Szállás Group Acquires Romanian Peer

Deals

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.

Hungary Crude Supply Secured With 'Temporary Solutions' Energy Trade

Hungary Crude Supply Secured With 'Temporary Solutions'

Hungary to Host Next EPC Summit Int’l Relations

Hungary to Host Next EPC Summit

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.