Fresh off its acquisitions of Travelocity for $280 million and Orbitz for $1.6 billion, Expedia this morning announced plans to make a $270 million minority investment in Decolar.com, the Latin American online travel company that runs the Portuguese-language Decolar.com and Spanish-language Despegar.com travel sites.
Expedia, based in Bellevue, Wash., also is expanding its commercial agreement with Decolar to power more of the company’s hotel offerings. In addition, the companies said Decolar will give Expedia broader access to its hotel supply in Latin America, providing Expedia customers with a larger selection of hotel rooms in the region, and giving hotels access to more customers.
The investment and larger partnership expand a relationship between the companies that dates back to 2002.
“Decolar is a clear online travel leader in the highly attractive Latin American market,” said Expedia CEO Dara Khosrowshahi in a statement announcing the deal. “We are incredibly excited to grow our exposure to customers in Latin America through our investment, and to power Decolar’s growing outbound lodging demand through our global supply team.”
The acquisitions and investment reflect a recent flurry of activity at the company. An Expedia representative recently confirmed that the company is considering a move from its current headquarters in Bellevue — where its lease expires in 2018 — to another location in the Seattle region. The Puget Sound Business Journal reports that the options under consideration include the former Amgen campus on the Seattle waterfront.