Skyscanner

Last updated

Skyscanner Ltd.
Type Subsidiary
IndustryTravel
Founded(2003;20 years ago (2003)) [1]
Founders
  • Gareth Williams
  • Barry Smith
  • Bonamy Grimes
Headquarters
Edinburgh, Scotland
,
UK
Key people
Revenue£261 million (2016) [2]
Number of employees
1,000+ (2021) [3]
Parent Trip.com Group
Website skyscanner.com

Skyscanner is a search aggregator and travel agency based in Edinburgh, Scotland. [1] The site is available in over 30 languages and is used by 100 million people per month. [1] [4] The company lets people research and book travel options for their trips, including flights, hotels and car hire. [1]

Contents

History

The company was formed in 2003 [1] by three information technology professionals, Gareth Williams, Barry Smith, and Bonamy Grimes, after Gareth was frustrated by the difficulties of finding cheap flights to ski resorts. [5] Skyscanner was first developed and released in 2002.[ citation needed ] In 2003, the first employee was hired to assist with site development.[ citation needed ] The Edinburgh office was opened in 2004. [6]

In 2008, Skyscanner received first round funding of £2.5 million from venture capital firm Scottish Equity Partners (SEP). [7]

In 2009, the year after SEP invested in the business, Skyscanner reported its first profit. [8]

In 2011, Skyscanner acquired Zoombu. [9] Skyscanner opened an office in Singapore in September 2011, which is headquarters for its Asia-Pacific operations. [10] In 2012, a Beijing office was added, as Skyscanner began a partnership with Baidu, China's largest search engine. [11]

By 2013, the company employed over 180 people. [12] In February 2013, Skyscanner announced plans to open a United States base in Miami. [12] In October 2013, Sequoia Capital purchased an interest in Skyscanner that valued the company at $800 million. [13] In June 2014, Skyscanner acquired Youbibi, a travel search engine company based in Shenzhen, China. [14]

In October 2014, Skyscanner acquired the Budapest-based mobile app developer Distinction. [15]

By February 2015, the company employed 600 people, double the employment of 18 months earlier. [16]

In January 2016, the company raised $192 million based on a $1.6 billion valuation for the company. [17]

In November 2016, a Chinese company Trip.com Group (formerly Ctrip) bought Skyscanner for $1.75 billion. [18] Following the sale to Ctrip, Skyscanner's largest shareholder, SEP, completed its exit from the business. [19]

In 2017, Ctrip bought the Trip.com domain and launched Trip.com. The original platform became a subsidiary of Skyscanner. [20]

In 2020, the company announced that they would be laying off 300 employees after COVID-19 rocked the travel industry. This represented 20 per cent of their staff with two offices in Budapest, Hungary and Sofia, Bulgaria, likely to shut down. [21]

In 2022, Huawei and Skyscanner forms a partnership to bring various travel services Huawei Mobile Services (HMS) and Petal Search and Petal Maps. [22]

See also

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References

  1. 1 2 3 4 5 "About Skyscanner". skyscanner.com.
  2. ↑ Field, Matthew (4 October 2019). "Skyscanner soars to record revenues under Chinese ownership". The Telegraph.
  3. ↑ "United by a love of travel".
  4. ↑ O'Hear, Steve (28 September 2012). "Skyscanner's Mobile Apps Hit 10M Downloads, Letting Users Find Cheap Flights On The Go". TechCrunch .
  5. ↑ Trapp, Roger (18 February 2006). "How to launch a great business". The Independent .
  6. ↑ "In pictures: inside Skyscanner's head office". Edinburgh Evening News. Retrieved 14 November 2023.
  7. ↑ "Skyscanner Lands VC Funding to Build World's Leading Flight Search Engine". Skyscanner's Travel Blog. 20 January 2008. Retrieved 21 April 2020.
  8. ↑ "Travel firm secures major investment". BBC News. 12 January 2016. Retrieved 21 April 2020.
  9. ↑ Butcher, Mike (17 January 2011). "Travel search engine Skyscanner acquires Zoombu". TechCrunch .
  10. ↑ "Skyscanner to set up operation in Singapore". BBC News . 26 June 2011.
  11. ↑ "Skyscanner lands China search engine deal". BBC News . 23 August 2012.
  12. 1 2 "Flight firm Skyscanner moves in to America". BBC News . 4 February 2012.
  13. ↑ "Skyscanner valued at $800m by backer of Apple". The Evening Standard . 3 October 2013.
  14. ↑ "Skyscanner buys Chinese metasearch firm Youbibi". BBC News . 25 June 2014.
  15. ↑ O'Hear, Steve (22 October 2014). "Travel Search Company Skyscanner Acquires Budapest-Based Mobile App Developer Distinction". TechCrunch .
  16. ↑ Russell, Jon (23 February 2015). "Skyscanner optimistic as revenue growth slows". Financial Times .
  17. ↑ Shu, Catherine (12 January 2016). "Travel Search Site Skyscanner Raises $192M For International Expansion". TechCrunch .
  18. ↑ Dickie, Mure (23 November 2016). "China's Ctrip is buying flight search company SkyScanner for $1.74 billion". TechCrunch .
  19. ↑ "Scottish Equity Partners exits Skyscanner following £1.4 billion sale". Growth Business. 9 December 2016. Retrieved 21 April 2020.
  20. ↑ Bort, Julie (1 November 2017). "Tiny startup Trip.com has been acquired by Chinese travel giant Ctrip – a move that could shake up the travel industry". Business Insider .
  21. ↑ Rafiah, Moshe (14 July 2020). "A Skyscanner update". Skyscanner.
  22. ↑ Sarkar, Amy (26 May 2022). "Huawei and Skyscanner partners for Petal Search integration". HuaweiCentral. Retrieved 26 May 2022.
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