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BCD buys Travelocity Business
Global travel management company BCD Travel has acquired Travelocity Business.
Industry insiders believe the move is designed to help Travelocity parent Sabre prepare for an IPO that will take the company public.
“TBiz,” which was launched by Travelocity in 2003, ranks among the 10 largest travel agencies in North America.
BCD Travel plans to continue to service TBiz clients under the TBiz brand.
“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.
Travelocity Business president Yannis Karmis will now serve as president of Travelocity Partner Network.
BCD Travel had $21.2 billion in sales in 2012.
It’s part of BCD Holdings N.V., a privately held Dutch company founded in 1975 that also owns CheapTickets, BudgetAir, Park ‘N Fly, and TRX.
By Cheryl Rosen, Editor TravelMole US
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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