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HotelPlanner and Reservations.com, industry leaders in travel technology and online hotel bookings, today announced a three-way merger agreement with Astrea Acquisition Corp. (NASDAQ: ASAXU), a special purpose acquisition company, that will result in their combining as a publicly listed company on NASDAQ under the new ticker symbol “HOTP.”
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The combined company will keep the HotelPlanner name after consummation of the merger. HotelPlanner, with its family of brands including HotelPlanner.com, Meetings.com and now Reservations.com, will offer individual, group and corporate booking access to more than 1 million global properties, enabled by a proprietary, cloud-based, artificial intelligence technology platform, and a 24/7 global gig-based customer service platform.
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The merger transaction is expected to enable HotelPlanner to transform into a diversified hotel and event booking platform with complementary revenue streams, and provide the combined company opportunities to realize…