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).
General managers, heads of human resources departments and other representatives of the hospitality industry shared ideas regarding hospitality business in Russia and how schools can help hotels to achieve its goals.
The world supply of alternative accommodations has grown by 33 percent from 2017 to 2018. If it isn’t already on hotelier’s radar, perhaps the specialist has succumbed to some of the myths about the short-term rental market. Industry-first alternative accommodations solution by TravelClick delivers insight on 27 million home-sharing listings.
7 of January 2020 is the day when the first Courtyard by Marriott hotel was opened in Finland, i.e. in the town of Tampere. Notably, Marriott has not had much presence in Finland until now, mainly having members of Design Hotels and Tribute Portfolio hotel in its Finnish portfolio. TOHOLOGY visited grand opening of the Courtyard by Marriott Tampere City and prepared an overview.
Young and popular in the USA Hotel Indigo chain continues to expand in Europe with opening of the Hotel Indigo Berlin – Centre Alexanderplatz, which is already the second hotel of this chain in Germany.