Blair Speers

Blair Speers

Blair Speers, founder of Thai-based website HotelTravel.com, has sold his company to Indian OTA MakeMyTrip  for US$25m – $US15m cash and US$10m in shares. Speers, a Canadian national who has lived and worked in Phuket for the last 20 years, founded HotelTravel.com in 1999. It seems MakeMyTrip is trying to diversify away from the “difficult” Indian market. MakeMyTrip’s third quarter profit fell 25% to US$1.2m, a result CEO Deep Kalra blamed on “increasingly difficult operating conditions as the health of our domestic airline industry remain uncertain.”

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