Budgetplaces
Type of businessOnline travel agency
HeadquartersBarcelona, Spain
OwnerEnGrande S.L.
Founder(s)John Erceg
IndustryTravel
ProductsHotels, hostels, apartments and B&Bs
ServicesBudget accommodation Reservation website
Employees130+
URLbudgetplaces.com
Launched2008 (2008)

Budgetplaces was an online travel agency (OTA) that offered low-cost accommodation. In April 2012, Budgetplaces was working with over 10,000 budget hotels, hostels, bed-and-breakfasts and apartments in more than 100 countries worldwide. In January 2017, Budgetplaces was acquired by the eDreams ODIGEO group.[1]

Company history

Budgetplaces was founded under the trading name EnGrande S.L. in Barcelona in 2003. John Erceg, from California, created the concept of offering only no-frills budget accommodation at a target rate of 30 Euros per person per night. This target rate is reflected in the name of the website Barcelona30.com.[2]

After experiencing tremendous success in Barcelona, Erceg decided to replicate the model in Paris and Paris35.com (as a reflection of a target rate of 35 Euros pppn) was launched. By 2007 websites for London, Berlin, Rome and other major European cities had followed.

In 2008, after reaching a total of over 20 destinations and more than 3,000 partner hotels, hostels, apartments and bed-and-breakfasts, Budgetplaces was introduced as EnGrande's new leading brand, uniting all destinations on one website.[3]

Palamon Capital Partners acquired a majority stake in EnGrande S.L. in July 2011, which further accelerated Budgetplaces’ international expansion.[4] [5] As of April 2012, Budgetplaces was collaborating with over 10,000 partner establishments in more than 1,700 worldwide destinations. Over 130 staff of more than 30 different nationalities are employed at the company's headquarters in Barcelona and its branch offices in New York City, London and Berlin.

The World Economic Forum recognized budgetplaces.com as one of 22 successful startup companies in a 2011 report published in collaboration with Stanford University. The report focused on “Successful Growth Strategies of Early-Stage Companies” and featured Budgetplaces alongside Air Arabia, atrapalo.com, eBay, Microsoft and Skype, amongst others.[6]

In April 2012, Spanish national daily newspaper El País called Budgetplaces a “paradigmatic case” (Un caso paradigmático) of a successful, technology-based startup company founded in Spain.[7]

Carbon-neutral hotel stays

In late 2010, Budgetplaces launched its carbon offset program in collaboration with Barcelona-based offset provider Offset Options.[8]

A month after the program's inception, Budgetplaces reported that 5% of its customers had chosen to make their hotel stay carbon-neutral. This figure was forecast to increase to 10% by the end of 2011.[9]

References

  1. ↑ https://www.phocuswire.com/eDreams-Odigeo-acquires-hotel-booking-site-BudgetPlaces
  2. ↑ Ugalde, Ruth and Morán, A. (18 April 2011). “John Erceg (Budgetplaces.com): "El emprendedor se hace con pequeños y grandes fracasos" Archived 2012-04-26 at the Wayback Machine. Lainformacion.es. Retrieved 22 Nov. 2011.
  3. ↑ EnGrande (2011). “EnGrande Company Milestones” Archived 2011-11-26 at the Wayback Machine. EnGrande corporate website. Retrieved 25 Nov. 2011.
  4. ↑ Breaking Travel News (25 July 2011). “Palamon invests in EnGrande”. Breaking Travel News. Retrieved 23 Nov. 2011.
  5. ↑ privateequitywire (25 July 2011). “Palamon invests in EnGrande, a leading European on-line budget accommodation agent”. Privateequitywire. Retrieved 23 Nov. 2011.
  6. ↑ Foster, George et al. (2011). “Global Entrepreneurship and the Successful Growth Strategies of Early-Stage Companies”. World Economic Forum and Stanford University. Retrieved 25 Apr. 2012.
  7. ↑ Santiso, Javier (Mar 2012). “¿Dónde está nuestra diáspora emprendedora?”. El País. Retrieved 25 Apr. 2012.
  8. ↑ Miller, Luke (Dec 2010). “Carbon neutral accommodation with budgetplaces.com” Archived December 3, 2011, at the Wayback Machine. Offset Options. Retrieved 23 Nov. 2011.
  9. ↑ Wiesinger, Florian (19 Jan 2011). “5% of budget travelers choose an environmentally friendly travel option" Archived December 3, 2011, at the Wayback Machine. FITUR. Retrieved 22 Nov. 2011.
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