Yandex has acquired Academ-Online, a leading business travel platform in Russia, to enhance its travel service offerings amid the growing corporate travel market.
Target Information
Academ-Online is the foremost independent business travel platform in Russia and the CIS, specializing in online hotel reservations tailored for corporate clients. The company operates a proprietary online platform that enables bookings through direct agreements with hotels, in addition to integrations with international booking aggregators. Its extensive portfolio boasts approximately 7,500 properties, representing more than 50% of all 4- and 5-star hotels in Russia.
This dominant position allows Academ-Online to provide comprehensive solutions for businesses looking to streamline their travel arrangements, catering to diverse needs and preferences across various sectors.
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Industry Overview in Russia
The business travel industry in Russia is experiencing robust growth, primarily driven by an increasing demand for corporate travel solutions. According to the Business Travel Agencies Association, the market's volume exceede
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