TripAdvisor Buys Jetsetter to Expand Private Sale Offerings

TripAdvisor has acquired Jetsetter, a flash sales site for high-end travel deals, for an undisclosed sum, the companies announced late Monday.

For TripAdvisor, the acquisition helps boost its members-only travel offerings. "With Jetsetter and our own SniqueAway brand, we now have two leading travel private sale sites under one roof," Steve Kaufer, co-founder and CEO TripAdvisor. "We are excited by the opportunities this provides to continually help drive amazing value for our travelers staying at some of the world's most highly-rated hotels."

Jetsetter launched out of beta three years ago and currently has more than two million active users. Even so, Jetsetter's parent company Gilt Groupe has been rumored to be interested in selling the travel property for the past six monthsMashable reported in October that Gilt was looking for $30-$50 million. Read more...