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TripAdvisor (TRIP) acquires Jetsetter.com, a members-only site for luxury hotel bookings, from...

TripAdvisor (TRIP) acquires Jetsetter.com, a members-only site for luxury hotel bookings, from apparel deals site Gilt Groupe. Betabeat reported in October Gilt was looking for a price of $30M-$50M for Jetsetter, which hasn't lived up to lofty expectations. TripAdvisor argues Jetsetter will complement its less upscale SniqueAway hotel bookings brand; the company has been aggressively seeking out businesses that complement its travel reviews platform. (Wanderfly)
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