JacTravel has bought TotalStay Group for an undisclosed sum.
The B2B accommodation wholesaler’ acquisition was supported by Vitruvian Partners.
The founder and management team of TotalStay Group retain a ‘significant’ minority share of the enlarged group.
The new combined accommodation supplier claims it will achieve an annual turnover in excess of £360 million and deal with more than 14,000 independent and chain hotels in 800 cities globally.
Terry Williamson, CEO of JacTravel, said: “Bringing TotalStay together with JacTravel will enable us to provide customers and suppliers with a broader, more integrated platform, driving growth and efficiency.”
Ben Johnson, a partner at Vitruvian, said: “The vision that Terry and Peter have articulated for the enlarged JacTravel group is a compelling proposition that we are confident will deliver significant value for customers, suppliers and other stakeholders.”
