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LateRooms booking website sold

Profile Photo By: Steve Shellum
October 15, 2015

LateRooms booking website sold

LaateRoomsTUI Group, the world?s largest leisure tourism group, has sold its British hotel booking website LateRooms to focus on its main package holiday business, Reuters reported.
TUI declined to give any details on the sale, but said it will reveal more in its December earnings release. It announced in May that it was putting LateRooms up for sale.
Media reports said that LateRooms had been bought by travel firm Cox & Kings, which is based in India. Cox & Kings was not immediately available to comment.
LateRooms was bought for 120 million pounds in 2006 by First Choice, which the following year merged to form TUI Travel.
TUI Group was formed in 2014 through the merger of London-listed TUI Travel and German majority-owner TUI AG.


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