Earlier this year, Amadeus, global IT company for the travel industry, shared its plans to acquire TravelClick from private equity investment firm Thoma Bravo for $1.52bn. Yesterday, on October 4 Amadeus announced that it has completed the acquisition of TravelClick. The transaction has now received all necessary regulatory approvals, including competition clearance in all relevant markets.
TravelClick is a leading hospitality provider that serves more than 25,000 customers across 176 countries. The company provides innovative cloud-based solutions, including an independent and mid-size hotel Central Reservation System (CRS) and Guest Management Solution (GMS), as well as business intelligence and media solutions. This portfolio gives hotels distribution reach across all channels, both digital and traditional. It also allows them to improve digital interaction with guests, increase revenues and performance, reduce costs and create a strong brand.
The acquisition marks an important step in the hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotel properties of all sizes worldwide.
Luis Maroto, President and CEO of Amadeus commented: “The addition of TravelClick significantly enhances our presence in the hospitality industry, not only broadening our product portfolio but also our know-how and global presence. In a highly fragmented market, Amadeus now has the people and the technology to help all hoteliers rise to the challenge of delivering a great experience for their guests.”
TravelClick will become part of Amadeus’ Hospitality customer unit, which will be led by Francisco Pérez-Lozao. Approximately 1,100 TravelClick employees will transfer to Amadeus with immediate effect. Initially TravelClick will be a distinct entity within the unit maintaining the acquired company’s brand, which will be known as “TravelClick, an Amadeus company”.
The Amadeus group employs around 16,000 people worldwide. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies).
InterContinental Hotels Group has launched a new design concept called H4. In order to anticipate as much as possible the future guests’ needs, H4 design has been developed together with the owners and frequent guests of Holiday Inn hotels.
How often do we pause to think about people behind luxurious service and miracles performed backstage beyond the STAFF ONLY sign? In a new monthly series we will have a coverage on issues related to building a team and pursuing a career in hotel industry. Our first release is dedicated to HR managers: What part a hotel HR manager plays?
Hilton Worldwide Corporation has announced the opening of a new Hampton by Hilton Saint Petersburg ExpoForum hotel (Russia), to be located on the territory of ExpoForum Convention & Exhibition Centre. Let's have a look at the specific character of the project and take the chance to view the hotel both from land and from air.
We are pleased to announce the biggest update of the TOHOLOGY: Tourism & Hospitality project – launch of the brand new www.tohology.com website and other changes within the company.