Kuoni buys Travelport DMC

GTA sold for $720 million, a week after Lime Travel falls under Kuoni’s wing

Kuoni, which announced a week ago that it had bought the Swedish luxury tour operator Lime Travel AB, has now snapped up Travelport’s destination management company GTA for $720 million. Travelport, which owns the GDS brands Galileo and Worldspan, explains that the sale is part of a strategy to focus on its core business. The money raised through the deal will be used to pay off some of Travelport’s debt.
GTA has an inventory of more than 35,000 hotel properties in more than 130 countries and scored a pre-tax profit of $84 million in 2010, on net revenues of $294 million. Travelport, on the other hand, suffered an overall net debt of $2,761 million.
“Kuoni is a well known and long-term customer of Travelport and our aim will be to work in partnership with them to improve further the distribution and sale of the combined Kuoni/GTA inventory across the Travelport subscriber network,” Travelport CEO Jeff Clarke commented.
TTG
[pictured: Maldives]

x

Check Also

Facebook, messenger, chatbot, travel industry, mobile, hotels

Travel industry sees chatbot boom

Airlines, hotels and travel agents making use of new trend

ba, british airways, iberia, GDS, technology, booking, fee, charge, website, online, amadeus

BA and Iberia to add booking fee

IAG-owned carriers follow direction of Lufthansa

germany, munich, expensive, cost, spohr, Lufthansa, fares, price, air berlin, domestic, flights, travel,

Lufthansa hits GDSs with extra fee

Group adds pressure to bookings via global distribution systems

Air India’s first flight from Copenhagen

ADVERTORIAL: Air India is happy to announce it’s new direct flight between Copenhagen to India (Delhi) starting from the 16.09.2017 with the Boeing 787 – Dreamliner.

Travelport, travel, agent, technology, GDS, serive, program, new, sales, Travelport Business Insights

Travelport launches new tool to push sales

Tool debuted in Asia, now being released in northern Europe

Avuxi, Amadeus, GDS, travel, technology, shopping, food, city, neighbourhood, local, invest, start-up

Start-up to rank every destination’s hotspots

People pay more to stay in interesting neighbourhoods, investor says