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LASTMINUTE.COM: Dot-com survivor.

Publication: Marketing Week
Publication Date: 21-DEC-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Lastminute.com is one of the best known online brands, and has helped revolutionise the UK travel market, but it is now starting to face challenges to its dominance. Nathalie Kilby reports

Sabre Holdings, owner of online travel brands Lastminute.com and Travelocity, announced last week that it is to be bought for $4.5bn (#2.2bn) by US private equity companies Silver Lake Partners and Texas Pacific Group.

The news attracted little attention as it was swiftly followed by TUI's announcement that it is to cut 2,600 jobs in the UK at its Thomson brand.

TUI said Thomson had to reassess its business model because the UK market had changed significantly as a result of the internet and brands such as Lastminute.

Lastminute is one of the most recognisable of the online brands - a darling of the...

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