Skift Take
Lots of activity in the low end of the market, as technology systems are a relatively recent phenomena. WRI wants to be the scaled player in it and will continue to buy. Next it will likely look at mobile plays.
The low end of the accommodation reservation and online booking industry has gone through a consolidation over the years and one player, Dublin-based Web Reservations International, has emerged as the big rollup shop in the sector.
WRI, which already owns Hostelworld and Hostels.com, has now acquired London-based HostelBookers. It was an all-stock deal, and still needs regulatory approval to clear. Terms of the deal were not disclosed.
The acquisition pairs two
