London-based JacTravel is to be bought by Australian-based Webjet.
The acquisition will see JacTravel join Sunhotels, Lots of Hotels and FIT Ruum’s in the company’s B2B division WebBeds, to become one of the world’s largest B2B travel providers.
JacTravel operates two distinct brands, JacTravel and totalstay.com, both of which will now become part of the WebBeds business.
Adding JacTravel to the WebBeds’ family will boost its annual total transacted volume to over 600 million and will increase the company’s global footprint with offices in 19 countries.
The new company will have over 900 employees and a global portfolio of more than 225,000 hotels, of which 17,000 are directly contracted, in all regions of the globe.
JacTravel CEO Terry Williamson said: "The combination with Webjet is the next logical step in our global expansion vision which will enable us to offer even greater wider reach to our hotel partners and greater choice and value to our customers."
