Cheapflights invests in dohop.com

Cheapflights has made a strategic investment of an undisclosed sum in the Icelandic global flights planner, dohop. Cheapflights will be represented on the dohop.com Board.

The dohop.com free website enables travellers to research available flight routes and scheduled departures and arrivals worldwide.  It facilitates journey planning and is particularly helpful for finding unusual flight connections.

Dohop.com offers an excellent complementary offering to Cheapflights’ award-winning websites Cheapflights.com and Cheapflights.co.uk.

Dohop.com is a technology company that offers software solutions and marketing services to the travel industry.  Like Cheapflights, dohop.com pioneered a wholly new consumer service in internet travel .  Where Cheapflights was the first to provide online flight price search and comparison from a comprehensive database, dohop.com free pioneered online global flight planning.

Founded by Frosti Sigurjonsson in 2004, dohop.com operates the world’s first flight planner which is free to consumers. The website covers scheduled routes and includes low cost airlines.  Search results provide links to airlines’ and travel agency websites where the user can then book flights directly. In addition to the public flight planner, dohop supplies airline websites with dedicated flight planners.

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This investment is the latest in a series of pioneering moves by Cheapflights, one of Britain’s most successful websites.  Cheapflights invented flight price comparison on the internet in 1996.  In 2003 it was the first British internet company successfully to launch in the USA.  Always profitable, the company’s sustained hyper-growth has been funded consistently from cash flow.  The strength of Cheapflights’ business model is reflected in the fact that the company has never raised external funds and has no debt and is in a position to make such investments.

Commenting, Hugo Burge, Cheapflights’ Vice Chairman and Head of International said:

“Dohop.com’s technology establishes the third generation in real-time availability travel search. This follows the launch of online travel agencies (“OTA’s”) in 1996, and the so-called ‘Metasearch’ sites in 1999. Using innovative ‘Ajax’ functionality, dohop.com now provides a quantum leap in consumer experience. Like Cheapflights, it is a unique and ground-breaking product. For dohop.com this is in offering a direct and simple window into increasingly complex airline schedules and worldwide connections.

He added: “As one of the two oldest established travel websites, we at Cheapflights believe that our own experience in building an international web business will help provide the management expertise, industry contacts and consumer focus to help drive the future world growth and success of dohop.com.  This is a perfect tool for those who need to know precise flight times, routes and availability from anywhere to anywhere else…”

Frosti Sigurjonsson, CEO of dohop.com said:

“Cheapflights is a tremendously successful travel company and we are excited to have them backing our young venture. We look forward to tapping into Cheapflights’ expertise in helping dohop.com reach its global potential.”
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