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Posted: 12 Nov 2012 | 6:00 am
The Phuket Gazette has reported that island-based website HotelTravel.com has been sold for USD25 million.
In a transaction which reportedly includes USD15 million in cash and USD10 in shares.
Indian OTA (online travel agency) MakeMyTrip.com is reportedly the buyers.
This is now the second large dot com sale of a website developed locally, with the first being AsiaWebDirect (Phuket.com) to Australian OTA Wotif a few years ago.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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