Serko’s path to profit crystalises with renewed Booking.com deal
CEO Darrin Grafton says the deal will be the foundation of the company's future growth. (Image: Serko)
Serko’s share price has surged more than 20% on the back of finalising a deal renegotiation with Booking.com, setting new revenue-sharing terms for the next five years. The New Zealand stock exchange-listed travel management company provides the Zeno platform that underpins Booking.com for Business, and the partnership is a major contributor to Serko’s revenue. The new tiered agreement sees the current 50/50 share continue until the total number of completed room nights reaches 4.3 million per year, a more than 70% in...
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