Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us Raises Funds From Yuri Milner and Former Expedia CEO, a Russian hotel booking service, said it raised $25 million from investors including Facebook Inc. shareholder Yuri Milner and former Expedia Inc. head Eric Blachford.

Ostrovok, which offers a choice of 135,000 hotels in 200 countries, plans to use the proceeds for expansion, product development and increasing its sales force, the Moscow-based company said in a statement today.

The Russian travel market was worth $48.6 billion in 2011, of which just 10 percent came from online services, according to researcher PhoCusWright. Ostrovok competes with Inc.’s and local rivals including and

“Hotel booking is the largest and most profitable segment of online travel,” Ostrovok co-founder Serge Faguet said by phone. “In Russia, where online-travel is under-penetrated, this segment may grow fivefold within five years.”

Online agencies can earn 15 percent to 22 percent commission selling hotel bookings and a 4 percent to 5 percent fee on airline tickets, Faguet said. He and partner Kirill Makharinsky, both born in Russia, founded Ostrovok in 2010 after working in Silicon Valley.

Ostrovok has more than 1 million monthly unique visitors, and has increased revenue more than 10-fold in the last 12 months, Faguet said, declining to disclose precise numbers.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.