PlanetEye

Friday, April 25th, 2008

Who Wants to Make a Deal?

Mark Evans

Director, Community

The deals are coming fast and furious in the online travel market these days.

The latest transaction is CondeNet acquiring SFO Media, which owns two travel blogs: Jaunted, a “pop culture” travel guide, and HotelChatter, which provides hotel reviews.

The move into the blogosphere will provide CondeNet’s online business, Concierge.com, with not only great quality content but some serious traffic as Jaunted and HotelChatter had about 875,000 unique visitors combined last month.

“HotelChatter.com and Jaunted.com each have strong voices in the travel world, attracting a large community of passionate travelers,” said CondeNet president Sarah Chubb. “This deal increases our travel footprint and adds to our portfolio a group of sites for advertisers who target an active, passionate, and upscale consumer.”

The acquisition comes on the heels of Microsoft buying Farecast.com, which provides information about airline fares, for $115-million last week, and TripIt raising $5.1-million in venture capital.

For more coverage of the CondeNet-SFO deal, check out TechCrunch.

Technorati Tags: Jaunted, HotelChatter, CondeNet

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