Cheapflights is a travel fare aggregator and travel fare metasearch engine. The website is part of the Kayak.com subsidiary of Booking Holdings.
Its websites publish flight prices, and compare prices from suppliers, including major airlines, through tiny travel agents. The company uses pay-per-click and display advertising.
Agents advertise on the Cheapflights websites and are charged on a pay-per-click basis for users who link through to their websites.
Video Cheapflights
History
Cheapflights was founded in 1996 by John Hatt. That year, its first website, www.cheapflights.co.uk, launched.
In 2000, ex-ABN Amro banker David Soskin and Hugo Burge led a buyout of the website from its founder.
In 2000, the website was the first in the UK to launch the pay-per-click online advertising remuneration model.
In May 2003, the US website, www.cheapflights.com, was launched.
In 2006, the website handled £1 billion in annual travel sales.
In April 2007, the Canadian website, www.cheapflights.ca, was launched.
In October 2008, the first non-English website, www.cheapflug.de, was launched.
In 2008, co-founder David Soskin resigned as chief executive to become vice-chairman.
In 2009, the Australia / New Zealand website was launched.
In March 2011, the company acquired momondo, a rival online travel agency. The two websites and brands were kept independent of each other.
In October 2014, Great Hill Partners, a private equity firm, invested £80m for a majority stake in the company that owned Cheapflights and momondo, valuing it at £132 million.
In February 2015, the South African website was launched.
In June 2015, the United Kingdom website was launched as a metasearch engine.
In January 2016, the websites were accessed by 500,000 users in a single day.
In February 2016, the Cheapflights mobile app was being downloaded 200,000 times per month.</ref>
In June 2016, Cheapflights added search capability within Facebook Messenger.
In October 2016, Cheapflights reorganized some of its staff.
In July 2017, Cheapflights and momondo were acquired by Booking Holdings for $550 million.
Maps Cheapflights
References
External links
- Cheapflights UK Site
Source of the article : Wikipedia
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