Hotel? Trivago is owned by Trivago GmbH. Trivago GmbH is a multinational German technology company specializing in hotels, related services and products. Trivago is the first search engine in Germany and is known as one of the most successful entrepreneurs in Germany. In the last decade, it has become one of the fastest growing companies in Germany.
Trivago When was it established, who was it? H2>
Trivago was founded in 2004 in Düsseldorf, Germany. Founders: Peter Vinnemeier, Malte Siewert and Rolf Schrömgens. At present, 40% of the company is in the hands of the founders. In 2016, Expedia purchased 61% of Trivago for 477 million euros.
Trivago has begun building its new company campus in 2016 and has reached 1000 employees.
The Trivago idea was born in 2004 by four college friends. The founding team consists of Rolf Schrömgens, Peter Vinnemeier, Stephan Stubner and Malte Siewert.
Recognizing that content management is invaluable, it has taken a system development decision based on the users themselves creating their own content. Schrömgens and Vinnemeier have begun to conceptualize and codify the first version of trivago. After programming began, they realized that the most important part was not the content, but the monetization of the project. This was the starting point for Trivago.
The first employees in Trivago were hired through Skype negotiations from Spain, Italy and Canada. The Trivago center is located in Düsseldorf, where international operations are located. Trivago opened new offices in Leipzig and Palma de Mallorca in 2014.
The first investment was established with a capital of around $ 1 million. Trivago grew about 500 million dollars organic in the first nine years (2015). Market value came in at $ 4 billion (2015). In addition, Trivago’s profits have doubled every year since 2008.
Trivago began looking for investors in 2006. It used just one million euros of investor money to grow up to invest in Expedia.
In 2010, a quarter of the company was reported to have been sold to the US mutual fund Insight Venture Partners on 1 December for $ 52.86 million.
Expedia, on December 21, 2012, 61.6% (approximately $ 630 million) in cash and stock. Despite the sale, Trivago still continues to provide funding for its activities and growth.
Business Model h2>
trivago Normal users can not book through trivago. They’re making a call. When you click on one of the search results, the site leads you to another site where you can book.
At this time, Trivago offers free and paid versions of the Trivago Hotel Manager product to manage the online visibility of hotel owners.
> Trivago’s core European market has grown by 33% in euro terms.
Trivago, 49 of the 50 employees who started work three years ago still continue to work in the company.
Trivago has developed 222% of its employees  and currently has more than 1000 employees.