Lastminute buys hotel room reseller

Online travel and leisure retailer lastminute.com stepped up its expansion today by paying £16m (€22.8m) for a business set up just two years ago.

The purchase of Med Hotels, which resells rooms to tour operators on behalf of hotels, provides lastminute with access to around 1,500 resort-based properties, including in Spain, the Canaries, Cyprus and Portugal.