ASMALLWORLD AG acquires online flight booking portal Jetbeds.com

ASMALLWORLD AG / Key word(s): Takeover ASMALLWORLD AG acquires online flight booking portal Jetbeds.com 23-Nov-2023 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. ASMALLWORLD AG acquires online flight booking portal Jetbeds.com

Zurich, 23.11.2023 – Today, ASMALLWORLD AG announces the acquisition of online flight booking site Jetbeds.com, which is offering customers a unique tool to find and book First and Business Class flights from the world’s leading airlines. The acquisition will further expand ASMALLWORLD’s online travel booking capabilities, next to its existing hotel booking platform ASMALLWORLD Collection. The company plans to continue to operate the standalone website Jetbeds.com but will also leverage the newly acquired booking platform to offer flight bookings from within the ASMALLWORLD and First Class & More apps and websites in the future.

ASMALLWORLD AG announces that it is acquiring all assets of Jetbeds GmbH. The agreement was structured as an asset deal giving ASMALLWORLD AG full ownership of the Jetbed’s booking engine and its intellectual property. 

Jetbeds GmbH, a German startup, has developed a proprietary flight booking engine which powers Jetbeds.com, allowing customers to book First and Business Class flights from the world’s leading airlines. Jetbeds’ travel planning tools help customers find the desired flights at a great price. It also offers a variety of additional services like special offers, price alerts and best price search to find the best flight deals for its customers.

With this acquisition, ASMALLWORLD further expands its online booking capabilities and will now be able to offer flight bookings in addition to its existing hotel booking capabilities with the ASMALLWORLD Collection. This marks an important step on the company’s journey to become an integrated luxury travel hub.

ASMALLWORLD will continue to offer the Jetbeds’ standalone services under Jedbeds.com, but will also leverage the newly acquired technology to develop online flight booking capabilities for its ASMALLWORLD and First Class & More customers. First Class & More will most likely be able to offer flight booking in Q2 of next year and ASMALLWORLD is expected to start with the integration of the booking tool towards the end of next year, once a few other ongoing initatives have been completed.