HotelPlanner and Reservations.com terminated a $567m deal with Astrea Acquisition.

HotelPlanner, a hotel and event booking technology platform, and Reservations.com, an online travel agency, terminated a $567m deal with Astrea Acquisition, a SPAC. “We see opportunities for accelerating growth both in the US and globally as we unite two of the largest online booking websites on one highly efficient tech-forward platform, and combine it with the power of our Closed User Group rates. Our technology investments have enabled us to remain ahead of the curve in the rapidly changing travel industry. Reservations.com is a leading global hotel booking website, with more than 1m stays booked each year. Together, with our combined user base, global gig-based travel agents, brand reach, organizational efficiencies, and significant capital, we are in a prime position to shape the future of online travel booking,” Tim Hentschel, HotelPlanner Co-Founder and CEO.