Travelport takes stake in tour distribution company travel-IT
Travelport has taken a majority stake in German tour distribution company travel-IT.
Germany’s travel and leisure market weighs in as one of the largest in Europe, at Euro 26 million. That’s a serious part of the European pie – and an economy that has shown more resilience than many others in the Euro zone.
Travelport wants to continue to make inroads into the digital distribution landscape there, and also use its experience to further entrench itself continent-wide.
In the release announcing the strategic investment, travel-IT’s CEO Michael Kalt said: