United Kingdom
United States
Asia Pacific
Flight Centre Travel Group makes another US acquisition
Australia based Flight Centre Travel Group is expanding deeper into the US market with another acquisition.
It announced an agreement to acquire Casto Travel Inc.’s U.S. division.
Bay Area based travel management firm Casto Travel was established in 1974 and has a workforce of about 85 at three offices in California.
It generates about $120 million in annual revenue.
"Casto strengthens our overall U.S. operation, which includes the rapidly growing corporate travel business, along with our on and offline leisure businesses and wholesaler Gogo Vacations," said Flight Centre managing director Graham Turner.
Casto serves mostly corporate clients.
"This will give us greater scale in Silicon Valley and in the large West Coast market, where we previously had a relatively small corporate travel presence," Turner added.
The deal is expected to close in February 2019.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Dana Young of Visit Florida at WTM 2024
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
BA pilot dies during layover
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls