Hotelbeds to acquire Tourico Holidays
Bedbank Hotelbeds Group is to acquire Tourico Holidays for an undisclosed sum.
It said the deal would help fuel its expansion in North America, where Tourico is based.
Tourico Holidays is a global travel distribution company contracting directly with hotels, flights, cruise lines, attractions, car rentals, holiday homes and more.
It works on a ‘high volume, wholesale model’ to broker this inventory to over 4,900 clients in 100 countries using proprietary technology.
Last April, HotelBeds was sold by TUI Group to Cinven and Canada Pension Plan Investement Board for $1.3 billion.
Hotelbeds executive chairman Joan Vila said: "With the backing of Cinven and CPPIB we are entering the next phase of our development since becoming an independent company back in September.
"The proposed deal will enable us to enhance our footprint, especially in Tourico Holidays’ home market of North America whilst they will benefit from belonging to Hotelbeds Group’s global network. Together we will combine our best in class technology and distribution expertise for the benefit of both our hotel partners and clients."
The statement said Tourico Holidays will continue to operate as an independent business but the long-term strategy is to combine the businesses.
The deal is subject to customary regulatory and anti-trust approvals.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airbnb eyes a loyalty program but details remain under wraps
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026