Web Reservations International (WRI) up for sale for GBP 275mm (the Times)

Web Reservations International (WRI) up for sale for GBP 275mm (the Times)

The Times is reporting that Web Reservations International (WRI) is up for sale with a price tag of £275m.

WRI is owned by Ray Nolan and U2 Manager Paul McGuinnes. It operates

  • boo.com - the former fashion/clothing site and poster child for the dotcom bust in Europe is now a meta-search company
  • Hostelworld.com - online booking for hostels, backpakers and budget accommodation
  • Hostels.com -  more hostels and backpacker bookings with content
  • Trav.com - more budget accomm including cheap hotels, motels, guesthouses, bed and breakfasts, youth hostels, holiday apartments, campsites, inns and lodges

The Times is saying that WRI has sales last year of €38m (£35m) and made a pre-tax profit of €18.3m.

thanks to joshhostels where I spotted the story first on Twitter and Hostelmanagement where he spotted it.