Since July, Flight Centre Travel Group, already one of the world’s largest travel companies with an annual turnover of AUD$19 billion, has secured separate agreements to acquire:
Les Voyages Laurier du Vallon in Canada, a Quebec-city based corporate, luxury leisure travel and MICE company with a turnover of Can$9.4M, of which around 40 per cent is generated by its business travel services.
Executive Travel Group, New Zealand’s largest independent corporate travel management company, with a total transaction value of NZ$60M last year.
Travel Managers Group, a predominantly leisure-focused group in New Zealand that provides systems and support services to a network of more than 180 individual brokers; and also operates a franchise network of 12 TravelSmart shops and 10 non-branded stores.
Olympus Tours, a leading Mexico-based destination management company with operations across Mexico, the Dominican Republic and Costa Rica. Founded in 1994, Olympus is now one of the largest ground handling businesses in Mexico with a turnover of US$25M in 2016.
Bespoke Hospitality Management, an emerging Thailand-based regional operator of 14 existing design and lifestyle leisure hotels in Bangkok, Phuket, Koh Samui, Pattaya and Chiang Mai, plus an additional 19 properties in development.
Travel Partners, a Sydney-based business with a strong network of independently contracted home-based consultants or mobile travel agents generating TTV of around AUD$70M in its 2017 financial year.
The agreements also boost Flight Centre’s destination management offering in the Americas and mark the company’s entry into the hotel management sector.
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