NORWALK, USA, 26 November 2021: Booking Holdings Inc has entered into an agreement with funds managed by CVC Capital Partners to acquire global flight booking provider Etraveli Group for approximately EUR1.63 billion.

Etraveli Group is already a partner of Booking.com, helping power
its existing flight product.

“As international air travel rebounds from the impact of the
pandemic, we look forward to building upon our existing relationship with
Etraveli Group to make the travel booking experience easier and more seamless
to support our partners and customers,” said Booking Holdings’ Chief
Executive Officer, Glenn Fogel.

“Booking Holdings pioneered the travel space more than two
decades ago and they continue to pave the path forward by developing solutions
to create seamless travel experiences,” said Etraveli Group’s Chief
Executive Officer, Mathias Hedlund.

“We are thrilled to become a part of Booking Holdings, and we
look forward to the next chapter of our own development as we continue to
enhance the flight booking experience for our customers and partners
worldwide.”

Etraveli Group will remain headquartered in Sweden and operate as
an independent business under Booking Holdings, led by their current management
team.

Booking Holdings (NASDAQ: BKNG) is a leading provider of online
travel and related services, provided to consumers and local partners in more
than 220 countries and territories through six primary consumer-facing brands:
Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable. 

Etraveli Group was founded in 2000 and is a global technology
provider for flight content delivered through flexible tech solutions through
its own consumer brands like Gotogate, Mytrip, Flightnetwork. It also supplies
flight content through global partnerships with Google Flights, Skyscanner,
Kayak and Booking.com. The Group also operates the airline integration company
TripStack. The company has nearly 1000 employees, and its headquarters are
located in Sweden, with offices also in Athens, Toronto and several cities in
India.

CVC Capital Partners is a leading private equity and investment
advisory firm with a network of 25 offices throughout Europe, Asia and the US,
with approximately USD125 billion of assets under management.