Szallas.hu

Szallas.hu

Szallas.hu operates as an online service for booking commercial accommodation.

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DateInvestorsAmountRound
investor investor

€0.0

round
*

€82.0m

Valuation: €82.0m

4.0x EV/Revenue

Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201920202021202220232024
Revenues0000000000000000000000000000
% growth---34 %52 %7 %(64 %)
EBITDA0000000000000000000000000000
% EBITDA margin-40 %30 %----
Profit0000000000000000000000000000
% profit margin--18 %19 %14 %15 %(22 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

Notes (0)
More about Szallas.hu
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Established in 2007, Szallas.hu has solidified its position as a key player in the Central and Eastern European online travel market. The company was founded by Zoltán Varga, who launched the platform to aggregate and compare accommodation offers across Hungary. Initially focusing on the domestic market, the platform's early success attracted investment, leading to a significant milestone in 2015 when PortfoLion Capital Partners, part of the OTP Group, acquired the company from its founders and Central Médiacsoport. This acquisition fueled a period of intense strategic growth, enabling Szallas.hu to expand its footprint through acquisitions in Poland, Romania, and the Czech Republic.

Szallas.hu operates as an online travel agency (OTA), connecting travelers with a vast array of accommodation options. Its business model is commission-based, generating revenue from bookings made through its platform. The company serves a broad client base, from individual leisure travelers to corporate clients requiring business travel arrangements. The platform's core service is an accommodation booking portal that allows users to search, compare, and book various types of lodging, including hotels, guesthouses, and apartments, using detailed filters. Beyond standard bookings, the Szallas Group portfolio, of which Szallas.hu is a part, has diversified to include discount travel coupons, spa packages, and experiential tourism vouchers through websites like Maiutazas.hu and Szallasguru.hu.

A defining feature of Szallas.hu is its hyper-local focus, which has allowed it to compete effectively against global giants. By offering localized customer service in the native language of its core markets and leveraging data-driven marketing to understand regional travel preferences, the company has built significant trust and brand loyalty. The platform boasts over three million user reviews, providing a credible resource for travelers. In a landmark event in 2022, the Polish media and e-commerce giant Wirtualna Polska Holding acquired the Szallas Group for approximately €82 million, marking a new chapter of ambitious regional growth. Under the new ownership, the group continues to expand, integrating platforms like Poland's Nocowanie.pl and aiming to triple the size of its tourism market by applying its successful, technology-driven operational model across the region.

Keywords: online travel agency, CEE travel, accommodation booking, Hungarian travel market, hotel booking platform, Szallas Group, Wirtualna Polska, PortfoLion, Zoltán Varga, József Szigetvári, Central Europe tourism, Eastern Europe travel, travel technology, regional expansion, corporate travel, spa packages, discount travel, Noclegi.pl, Travelminit.ro, Hotel.cz

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Investments by Szallas.hu

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Spanie.pl
ACQUISITION by Szallas.hu Mar 2018