Travelocity Global today announced that it has acquired online hotel distribution network, Travelguru. TravelBiz Monitor was the first to break the story on August 17, 2009, even though, at the time of going to press, the news was not confirmed by authorities of both the travel websites. The acquisition amount has not been disclosed.
According to a release issued by Travelocity, the addition of Travelguru builds on Travelocity's existing businesses, teams and relationships in India, which include Travelocity India, its online travel agency site, various supplier and redistribution relationships, as well as global support teams in the country. It also complements Sabre Holdings' Airline Solutions business in India and its global technology centre in Bangalore. Travelocity Global plans to keep both of its online travel businesses in India: Travelocity India and Travelguru.
Roshan Mendis, Regional Vice President, Travelocity Asia Pacific confirmed, “Travelguru will continue to operate as a stand alone business and brand in India, focused on growing Indian hotel demand, Indian hotel supply and a wide distribution network. |