Mergers & Acquisitions
Cendyn acquires Knowland
Cendyn, a global hospitality cloud-based technology company, has acquired Knowland, the US-based leader in data-as-a-service intelligence on meetings and events for hospitality.
Cebu Pacific orders 70 Airbus A321neos
Cebu Pacific placed a firm order with Airbus for 70 A321neo, finalising a memorandum of understanding previously announced in July.
ATIA lauds Qatar Airways’ investment into Virgin Australia
The Australian Travel Industry Association (ATIA) extended appreciative comments regarding Qatar Airways’ impending investment into Virgin Australia.
CapitaLand Ascott Trust slated to acquire lyf Funan Singapore
CapitaLand Ascott Trust (CLAS) entered an agreement with the Ascott Serviced Residence Global Fund (ASRGF) for the acquisition of lyf Funan Singapore
Khiri Travel acquires Travel Authentic Philippines
Khiri Travel’s recent acquisition of Travel Authentic Philippines (TAP) adds the Philippines to its growing roster of destinations within Asia.
Travel and tourism sector deal activity down by 12.6% YoY in H1 2024: GlobalData
A total of 347 deals were announced in the tourism sector during the first half (H1) of 2024, which was a year-on-year (YoY) decline of 12.6%
Apollo Funds to acquire The Travel Corporation
Apollo and The Travel Corporation (TTC) announced they have entered into definitive agreement for Apollo-managed funds (the “Apollo Funds”) to acquire TTC, which has been privately owned and operated for more than a century
Juniper Travel Technology acquires Lleego
Juniper Travel Technology, the company in technology solutions for the travel industry, announces the acquisition of Lleego, an innovative travel software company specializing in flight management and booking.
The Access Group expands in North America with acquisition of SHR Group
The Access Group, a $1.3bn+ business management software provider, has added global hotel and casino technology specialist SHR to its expanding AI-powered end-to-end platform for hotels.
Signature Travel Network acquires non-profit ‘Pack for a Purpose’
Signature Travel Network President & CEO Alex Sharpe announced the acquisition of Pack for a Purpose, a North Carolina-based non-profit.
Travelsoft becomes a global leader in travel technology with three new acquisitions
Travel tech group Travelsoft today announces three further acquisitions TravelgateX, ATCORE Technology, and Travel Connection Technology.
SITA announces acquisition of Materna IPS
SITA, the global leader in technology solutions for the air transport industry, announced its acquisition of Materna IPS, leader in passenger handling for airports and airlines.
Travelsoft Group acquires France’s L’Echo touristique publisher Eventiz Media Group
Eventiz Media Group, the owner of France’s leading travel trade publication L’Echo touristique, has been acquired by Travelsoft Group, the European leader in travel SaaS comprising the renowned brands Orchestra, Traffics, and Travel Compositor.
Apex Hotels buys Meldrum House Hotel as group expands
Family-owned Apex Hotels has completed the acquisition of Meldrum House Country Hotel and Golf Course in Aberdeenshire.
Lindner Hotel Group and 12.18. Group merge hotel operations
The Lindner Hotel Group (LHG) takes over the operation of five hotels previously managed by the 12.18. Group (12.18.).
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