Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Hotel Site Oktogo to Rebrand as One-Stop Travel Shop

Hotel-booking site Oktogo is rebranding as Travel.ru and will establish itself as a one-stop shop, integrating travel commerce with information, TechCrunch.com reported Friday.

The move follows Oktogo's $2 million acquisition in September of the travel portal, Travel.ru, under whose name the rebrand will be carried out.

Total funding for the rebrand and development of the new business strategy stands at $31 million, including a $5 million investment by VEB Innovations. Other backers include Mangrove, Ventech and VTB.

Russia is one of the largest markets for internet services in Europe by user numbers, while analysts PhoCusWright value the Russian online travel market at $10 billion in 2013.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more