- Hotel booking platform Splitty announced today that it has acquired the assets of Cancelon. These are the details.
Hotel booking platform Splitty announced today that it has acquired the assets of Cancelon, one of its rivals in the online travel market. As many companies within the travel industry have been putting their operations on hold due to the COVID-19 pandemic, Splitty is aiming to expand its global reach.
Splitty is considered the first-of-its-kind hotel booking platform that uses machine learning technology to create new unbeatable deals and make hotel stays more affordable for consumers.
Launched in 2015, Splitty is led by an experienced team of travel and tech industry veterans with experience at companies such as Expedia, Microsoft, Skyscanner, and Huawei.
The Splitty team spent years developing an award-winning algorithm, which has now reached global coverage of more than 500,000 properties in 127 countries.
KEY QUOTES:
“Since the very beginning of Splitty, we invested all our efforts at developing proprietary technology with the mission to make hotel stays more affordable. While focusing on that, we provided savings of over $10 million for our customers. Cancelon, on the other hand, was focused on marketing efficiency, successfully acquired millions of customers, and had nearly half a billion dollars in sales over the last 3 years, while creating strategic distribution partnerships with key players.
“Merging the two companies, and two approaches will create a distinctive OTA, one that doesn’t need to spend an enormous amount of marketing budget, to deliver unbeatable hotel deals to millions of travelers around the world in the coming years.”
— Eran Shust, CEO and Co-founder of Splitty
“We’ve done amazing things at Cancelon over the years. But the opportunity and the potential of working together with the Splitty team gets me even more excited – becoming a significant brand in the travel industry.”
— Omer Granot, GM and founder of Cancelon
