Webjet acquires JacTravel to create a global B2B travel giant
Australian travel group Webjet announces to acquire UK hotels and inbound tourism provider JacTravel. WebBeds, the B2B platform of Webjet, will become the second largest B2B travel platform worldwide.
Webjet announces it has entered into an agreement to acquire JacTravel, joining Sunhotels, Lots of Hotels and FIT Ruums in its B2B division, WebBeds. The GBP 200 million acquisition will propel WebBeds to become one of the world’s largest B2B travel providers.
London-based JacTravel is among the largest independent B2B platforms in Europe.
JacTravel currently has a portfolio of 10,000 directly contracted hotels, 7,000 of which are unique to WebBeds. Additionally, the 3,000 overlapping hotel contracts will further deepen the company's allocation and availability.
Adding JacTravel to the WebBeds’ family will boost its annual total transacted volume to over 1 billion AUD, and will increase the global footprint with offices in 19 countries.
It will feature a global portfolio of more than 225,000 hotels, of which 17,000 are directly contracted, in all regions of the globe.