…
Bezurk.com, Asia Pacific’s travel search engine, has received investment from and sold a minority stake to News Digital Media, the digital media arm of Australia based News Limited as the company stated. Chief executive officer of Bezurk.com, Martin Symes, welcomed News Digital Media’s investment saying, “To have the backing of such a major player is recognition of our success to date and will accelerate our product development and international expansion plans.”
“Our position in the Asia Pacific region will be further strengthened through the vast promotion, business development and integration opportunities available to us through News’ investment.”
Bezurk.com’s revenue model is based on “Pay Per Click” and other performance based commercial agreements. News Digital Media’s investment in Bezurk.com comes as the Asia Pacific travel region is estimated to currently be worth more than US$25 billion and growing.
News Digital Media chief executive officer, Richard Freudenstein said, “This strategic investment is significant for us as we continue to identify new commercial opportunities locally and overseas.”
“We expect the online travel industry throughout the Asia-Pacific region to move closer towards growth seen in the United States, as travellers hunt for the best deals on comparison shopping sites.”
“Bezurk.com makes it easy for the traveller by empowering them to compare travel information and choose the best possible deal.”
“We look forward to working with Bezurk.com to ensure it becomes the authority travel search engine throughout the Asia-Pacific region,” Mr Freudenstein said.
In a separate transaction concurrent with the News Digital Media investment, Singapore based venture capital fund O,W&W Investments II Limited also acquired a stake in Bezurk. O,W&W will also be represented on the Bezurk board.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
