Travelocity sells off its corporate travel unit, focusing on consumer brand
Atlanta-based BCD Travel, one of the largest corporate travel agencies, acquired Travelocity’s business travel arm, Travelocity Business for an undisclosed sum.
The acquisition gives BCD Travel some additional digital acumen, and clients of Travelocity Business now get access to corporate travel services on a more global scale.
At the same time, but in a separate action, Travelocity agreed to sell London-based Holiday Autos, which has more than 5,000 car rental locations, to Dublin-based CarTrawler. Terms of the deal were not disclosed.
“We’re a growth-oriented company and see this move as a smart, strategic acquisition,” said Mike Janssen, president of BCD Travel’s Americas region. “We see a fantastic cultural fit with TBiz. Their success comes from focusing on customer needs, enabling travelers and offering great solutions—in other words, they share our priorities and goals.