
TripAdvisor has acquired Jetsetter.com, a New York-based members-only private sale hotel bookings site, from the Gilt Groupe.
Steve Kaufer, co-founder and CEO TripAdvisor, Inc. explains that, "with Jetsetter and our own SniqueAway brand, we now have two leading travel private sale sites under one roof".Michelle Peluso, CEO, Gilt, reflects the sentiments, noting the "strong synergies between the two companies, which should accelerate Jetsetter's future growth. Terms of the acquisition were not disclosed, but Gilt had previously put Jetsetter up for about $50 million.