As such, the board of On the Beach believes the acquisition will be earnings enhancing in the first full year of ownership, explained a statement.

From its base in Cyprus, Cobalt Air, offers regular flights to 22 destinations in Greece, UK, Ireland, France, Switzerland, Germany, Russia, Spain, Israel, Denmark, Lebanon and the UAE.

AirAsiaGo.com will continue to be powered by Expedia Group. Expedia Group has held 75 percent equity in the venture since 2015.

With the addition of listings on Airbnb, travelers using the Wego metasearch apps and websites will have easier access to a wide range of local homes and other unique types of accommodation in destinations worldwide.

TravelClick, which is headquartered in New York, is a global hospitality provider that serves more than 25,000 customers across 176 countries.

Hotel performance stays on a strong upward trend all through the main Spanish markets, including Madrid, which has more than 50,000 guestrooms.