Skyscanner
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Travel |
| Founded | 2003 |
| Founders |
|
| Headquarters | Edinburgh, Scotland , UK |
Key people |
|
| Revenue | £261 million (2016)[1] |
Number of employees | 1,200 (2024)[2] |
| Parent | Trip.com Group |
| Website | www |
Skyscanner Ltd. is a search aggregator and travel agency based in Edinburgh, Scotland.
History
[edit]The company was formed by three information technology professionals.[3] The Edinburgh office was opened in 2004.[4]
In 2009, the year after SEP invested in the business, Skyscanner reported its first profit.[5]
In 2011, Skyscanner acquired Zoombu.[6] Skyscanner opened an office in Singapore in September 2011, which is headquarters for its Asia-Pacific operations.[7] In 2012, a Beijing office was added, as Skyscanner began a partnership with Baidu, China's largest search engine.[8]
By 2013, the company employed over 180 people.[9] In February 2013, Skyscanner announced plans to open a United States base in Miami.[9] In October 2013, Sequoia Capital purchased an interest in Skyscanner that valued the company at $800 million.[10] In June 2014, Skyscanner acquired Youbibi, a travel search engine company based in Shenzhen, China.[11]
By February 2015, the company employed 600 people, double the employment of 18 months earlier.[12]
In January 2016, the company raised $192 million based on a $1.6 billion valuation for the company.[13]
In November 2016, a Chinese company Trip.com Group (formerly Ctrip) bought Skyscanner for $1.75 billion.[14] Following the sale to Ctrip, Skyscanner's largest shareholder, SEP, completed its exit from the business.[15]
In 2017, Ctrip bought the Trip.com domain and launched Trip.com. The original platform became a subsidiary of Skyscanner.[16]
In 2020, after COVID-19, the company announced that it would lay off 300 employees (20% of its staff). It was likely to close two offices in Budapest, Hungary and Sofia, Bulgaria.[17]
See also
[edit]References
[edit]- ^ Field, Matthew (4 October 2019). "Skyscanner soars to record revenues under Chinese ownership". The Telegraph.
- ^ "United by a love of travel".
- ^ Trapp, Roger (18 February 2006). "How to launch a great business". The Independent.
- ^ "In pictures: inside Skyscanner's head office". Edinburgh Evening News. Retrieved 14 November 2023.
- ^ "Travel firm secures major investment". BBC News. 12 January 2016. Retrieved 21 April 2020.
- ^ Butcher, Mike (17 January 2011). "Travel search engine Skyscanner acquires Zoombu". TechCrunch.
- ^ "Skyscanner to set up operation in Singapore". BBC News. 26 June 2011.
- ^ "Skyscanner lands China search engine deal". BBC News. 23 August 2012.
- ^ a b "Flight firm Skyscanner moves in to America". BBC News. 4 February 2012.
- ^ "Skyscanner valued at $800m by backer of Apple". The Evening Standard. 3 October 2013.
- ^ "Skyscanner buys Chinese metasearch firm Youbibi". BBC News. 25 June 2014.
- ^ Russell, Jon (23 February 2015). "Skyscanner optimistic as revenue growth slows". Financial Times.
- ^ Shu, Catherine (12 January 2016). "Travel Search Site Skyscanner Raises $192M For International Expansion". TechCrunch.
- ^ Dickie, Mure (23 November 2016). "China's Ctrip is buying flight search company SkyScanner for $1.74 billion". TechCrunch.
- ^ "Scottish Equity Partners exits Skyscanner following £1.4 billion sale". Growth Business. 9 December 2016. Retrieved 21 April 2020.
- ^ 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.
- ^ Rafiah, Moshe (14 July 2020). "A Skyscanner update". Skyscanner.
External links
[edit]
- Trip.com Group
- Metasearch engines
- Travel ticket search engines
- Universal Windows Platform apps
- British travel websites
- British companies established in 2002
- Transport companies established in 2002
- Internet properties established in 2002
- 2016 mergers and acquisitions
- British subsidiaries of foreign companies
- Companies based in Edinburgh
- 2002 establishments in Scotland