Hotelbeds to buy GTA

Hotelbeds Group has announced plans to buy fellow wholesaler GTA, noting its “complementary operations and geographic footprints.”

The deal comes after HotelBeds also bought another major bedbank, US-based Tourico, earlier this year.

In a statement, Joan Vilà, executive chairman of Hotelbeds Group said:

“This deal brings another great bedbank to the Hotelbeds Group family, following the announcement in February that Tourico Holidays will also be integrating with us. Both of these important deals clearly underline our steadfast commitment to accelerate the growth of our business both organically and via M&A activity.”

As part of the deal, GTA’s TravelCube and TravelBound will also join the group while its MTS Globe business will be bought back by its previous owner.

More details to come.

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