Travel Search Site Skyscanner Celebrates Rapid Growth

February 26, 2014

Their name certainly fits their goal: “Skyscanner aims to be World’s Top Search Site,” announces the Scotsman. According to the piece, Skyscanner has just doubled its revenue and is adding 100 new employees to its already 500-strong workforce. They are nipping at the heels of the Priceline-owned Kayak and the China-focused Qunar. Will Expedia and Orbitz be next? Writer Terry Murden informs us:

“[Skyscanner] broadened from a flight comparison site into a general travel search engine by acquiring Barcelona-based hotel search company Fogg. This, together with Skyscanner’s car rental services, helped move it into the wider search engine sector.

“Secondary investment by US-based Sequoia Capital in October, which valued Skyscanner at $800 (£500m), gives the company access to a deeper pool of expertise. The firm has made a rapid entry into the Americas, including the Canadian, Latin American and US markets. Last year saw a 119 per cent year-on-year increase in unique monthly visitors in the region.

“Skyscanner opened a Miami hub for the Americas, established new offices in Glasgow and Barcelona and expanded in Edinburgh, Beijing and Singapore.”

The company attributes its most successful year so far to two things: its mobile push and market growth, especially in the Far East. CFO Shane Corstorphine is confident that the platform his company has built will support continued growth. Founded in 2003, Skyscanner is based in Edinburgh.

Cynthia Murrell, February 26, 2014

Sponsored by ArnoldIT.com, developer of Augmentext

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