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).
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.
Registration is open for the 59th ICCA Congress in Kaohsiung. In response to the uncertain situation and to give participants full control of how they wish to attend, ICCA is offering flexible and adaptable approach to registration and the accompanying fees. This means delegates can sign up now but change their registration type later, allowing them to change between virtual attendee, hub attendee or Kaohsiung in-person attendee.
ICCA, the International Congress and Convention Association, has announced the January 2020 launch of its “ICCA Association Community”. Offering education, connections, tools and resources to assist and support international associations in organising more effective meetings, the new platform will officially welcome association executives into ICCA’s global association meeting community as affiliates.
MICE market professionals from the regions of Russia and the CIS met in Moscow on 24-25 October. Russian Association of Business Travel (ABT-ACTE Russia) hosted the International MICE Geography Show Russia for the fifth time in a row. TOHOLOGY prepared video coverage of the event.