SUCCUMBING to the competitive market of online hotel bookings, Singapore-based AsiaRooms.com has folded after seven years of losses, said a local report.
According to Singapore daily Today, AsiaRooms.com’s staff were notified of the closure in late February and by April 2, web visitors were redirected to sister site LateRooms.com.
Both brands are owned by TLRG, which is in turn owned by travel giant TUI Group.
Andrea Tarpey, TLRG’s head of communications, told Today that AsiaRooms.com’s closure was due to a “highly competitive market” and that the site has not performed up to expectations.
However, AsiaRooms.com will honour existing reservations with the same team in place to support customers, said Tarpey in the article.