This article needs additional citations for verification. (August 2019) |
LateRooms.com is a hotel reservations website providing discounted accommodation throughout the UK, Europe and the rest of the world.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Travel |
| Founded | 1999 |
| Founders | Steven, Paul, Tony Walsh Chris Allen |
| Headquarters | , |
Key people | Snaptrip Group Ltd |
| Products | Hotels and accommodation |
| Owner | Snaptrip Group Limited |
Company history
editLateRooms.com was launched in Salford, Greater Manchester, in 1999 by brothers Steven, Paul, Tony Walsh and Chris Allen The site originally started as a simple directory listing hotels, but in 2002 moved to enable users to book hotels online (some hotels require a telephone booking through LateRooms.com). In December 2006, the company was bought by First Choice Holidays plc in a deal worth between £108 million and £120 million.[1] September 2007 saw First Choice Holidays plc merge with TUI Travel plc to form the TUI Travel Group.
In 2010 LateRooms.com moved to a new head office at The Peninsula building in Manchester, along with sister companies AsiaRooms.com and Hotels-London.co.uk.[2]
In May 2015 TUI announced a restructure of all of its brands and that Laterooms would be sold off.
In October 2015, Cox & Kings acquired LateRooms.com for £8.5 million (approx Rs. 85 crore)[3][4] However, in March 2016, it sold 100% of LateRooms Ltd (UK) ('LateRooms') to Enterprises UK Ltd. ('Malvern') for GBP 20 million.
On 1 August 2019 LateRooms.com announced they had ceased trading via Twitter and a message on their website, however the brand was purchased and revived by the Snaptrip Group[5] and their website and social media subsequently came back online.[6][7]
References
edit- ^ "First Choice buys LateRooms". Reuters. 21 January 2007. Archived from the original on 11 November 2016.
- ^ "Laterooms checks in to Peninsula". Place North West. 22 July 2010. Retrieved 2 August 2019.
- ^ Sathyanarayanan, Divya (13 October 2013). "Cox & Kings acquires LateRooms from TUI Group for Rs 85 crore". The Economic Times.
- ^ "Cox & Kings buys LateRooms for Rs. 85 crore". Business Line. 13 October 2015.
- ^ "Home". snaptripgroup.com.
- ^ Clark, Jessica (1 August 2019). "Laterooms collapses after failure to sell business". City A.M.
- ^ LateRooms.com [@LateRooms] (1 August 2019). "Regrettably LateRooms.com has ceased trading from 1.8.19 A Notice of Intention to Appoint an Administrator has been filed. For more info. please visit MalvernGroup.com" (Tweet). Retrieved 2 August 2019 – via Twitter.