Expedia Invests $270M in Latin American Travel Company

(The Seattle Times/TNS) -

Expedia said Tuesday it will invest $270 million in Latin American online travel company Decolar as part of an expanded cooperation agreement.

Decolar, founded in 1999 and covering 21 countries in the region, is based in Sao Paolo, Brazil, and operates the Decolar.com and Despegar.com websites.

In a press release, Expedia said its relationship with Decolar began in 2002 and will be expanded to provide Expedia greater access to Latin American hotel bookings.

Terms of the investment were not disclosed.