Lastminute.com Group

Last updated
lastminute.com N.V.
Company type Public
SIX:  LMN
Industry Travel
Technology
Founded2006;18 years ago (2006)
Founder
  • Fabio Cannavale
  • Marco Corradino
Headquarters Chiasso, Switzerland
Key people
  • Fabio Cannavale (CEO)
  • Marco Corradino (COO)
Products Travel agency
Metasearch engine
Brands Lastminute.com
Volagratis
Rumbo
Bravofly
Jetcost
Hotelscan
Crocierissime.it
weg.de
Number of employees
Over 1,400
Website www.lastminutegroup.com

Lastminute.com N.V. is the owner of several travel brands including lastminute.com, Volagratis, Rumbo, Bravofly, Jetcost, Crocierissime.it, weg.de, and Hotelscan.

Contents

The company operates websites and mobile apps in 17 languages and 40 countries and has 43 million monthly unique users.[ citation needed ]

It was called Bravofly Rumbo Group until May 2015. [1]

History

Lastminute.com Group was founded in 2006 but traces its roots back to 2004, when Fabio Cannavale [2] and Marco Corradino launched Volagratis, a search engine for low cost flights in the Italian market.

In 2006, it was organized as a Group, the headquarters were moved to Chiasso and it began its international expansion by introducing localized websites in Spain, France, Germany and the United Kingdom. [3]

In November 2012, it acquired Rumbo, a Spanish online travel agency. [4]

In December 2013, it acquired Jetcost, a French travel metasearch engine. [5]

On 15 April 2014, the company was listed on the SIX Swiss Exchange in Zurich. [6]

In March 2015, the company acquired lastminute.com from Sabre Holdings, owner of online travel agency Travelocity.com, the for £76 million, and in May 2015 it changed its name to lastminute.com group. [1] [7]

In 2016, the company launched Travel People, an advertising platform. [8]

In September 2016, the company acquired WAYN, a social travel network, for £1 million. [9] [10]

In November 2017, it acquired Hotelscan.com, a hotel metasearch engine. [11]

In December 2017, the company acquired German Comvel GmbH, founded 2004 in Munich, which operates weg.de. [12]

In April 2019, the company created Forward, a media company. [13]

Main Brands

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References

  1. 1 2 "Bravofly Rumbo Group announces change of name to lastminute.com" (Press release). Lastminute.com Group. 19 May 2015.
  2. ↑ "Fabio Cannavale". Bloomberg L.P.
  3. ↑ "Bravofly eyes acquisition to build presence in UK dynamic tour operating market". Travolution . February 21, 2014.
  4. ↑ "Telefonica Sells Online Travel Agency Rumbo to Bravofly". Bloomberg News . November 2, 2012.
  5. ↑ May, Kevin (December 23, 2013). "Bravofly acquires Jetcost as OTA-meta lines continue to merge". Phocuswire.
  6. ↑ "lastminute.com N.V." SIX Swiss Exchange. June 2023.
  7. ↑ "Bravofly completes acquisition of Sabre's lastminute.com". Travolution . 2 March 2015.
  8. ↑ Gill, Rob (July 12, 2018). "lastminute's Travel People builds up suite of marketing products". Phocuswire.
  9. ↑ Whyte, Patrick (October 13, 2016). "Lastminute Bought WAYN's Assets for Just $1.2 Million". Skift .
  10. ↑ May, Kevin (September 20, 2016). "WAYN travel social network bought by Lastminute.com Group". Phocuswire.
  11. ↑ Whyte, Patrick (November 8, 2017). "lastminute.com group announces the acquisition of hotelscan to expand its metasearch business". Skift .
  12. ↑ Whyte, Patrick (December 21, 2017). "Lastminute.com Group Speeds Pivot With Purchase of Germany's Weg.de". Skift .
  13. ↑ Fox, Linda (April 15, 2019). "Lastminute.com Group now also a media company, offers out marketing services". Phocuswire.
  14. ↑ "Quiénes somos" [About us] (in Spanish). Rumbo.
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