Saturday, July 16, 2011

Investors interested in online hotel reservations

The Russian market is an order of hotel rooms over the Internet - is small enough, but being in the early stages of development - continues attract investment. Two European Fund (Mangrove Capital Partners and Ventech Capital), and one Russian (ABRT) provide online service Oktogo.ru about $ 5 million, according to Marina Kolesnik, cofounder Oktogo, 95% of hotels is travel agencies, other 5% - Western online projects such as Booking.com and Expedia. Turnover in this segment for 2010 is estimated at $ 3.5 million, but after 3-5 years the market will grow to $ 10 billion Investors fearing a sharp development in online hotel reservations numbers in RuNet, tipped Oktogo.ru leadership in this market. Currently, the database project the presence of 100 thousand hotels from around the world, including more than 2 thousand - from Russia, the newspaper Vedomosti.

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