United Kingdom
United States
Asia Pacific
Kuoni swoops on Travelport’s GTA
Travelport is to sell its ground content wholesale business, Gullivers Travel Associates (GTA), to Kuoni for US$720 million.
The sale, scheduled for completion in May, is dependent on the majority approval by Travelport’s bank lenders and a vote by the shareholders of Kuoni.
Kuoni Group CEO Peter Rothwell said, “In acquiring GTA, Kuoni is investing in one of the fastest-growing business segments within the tourism industry.â€
Jeff Clarke, CEO and president of Travelport, said the sale was in line with its strategy of focusing on its core businesses.
“Kuoni is a well-known and long-term customer of Travelport and our aim will be to work in partnership with them to improve further the distribution and sale of the combined Kuoni/GTA inventory across the Travelport subscriber network,†he said.
The net proceeds from the sale will be used to pay down Travelport bank debt.
By TravelMole UK
Ian Jarrett
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak