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InteleTravel takes majority stake in Major Travel
Homeworking firm InteleTravel has made a new travel acquisition move with a majority stake in UK tour operator Major Travel for an undisclosed amount.
It says the acquisition will deliver significant benefits to both companies and travel agents.
The travel acquisition comes as Major Travel celebrates its 50th anniversary.
The investment will enable Major Travel to grow, while still retaining its operational independence.
Tapping InteleTravel’s global agent community, Major Travel will gain enhanced buying power, enabling it to secure exclusive contracts with suppliers.
This will allow all UK and Ireland travel agents to compete more effectively against direct-sell operators, the company says.
Major Travel will remain a trade-exclusive operator and has begun a recruitment drive to double its workforce by the end of the year.
InteleTravel plans to integrate Major Travel’s premium and luxury long-haul holidays and other inventory into its proprietary booking platform, which will create new revenue opportunities for agents.
Major Travel MD Qasim Gulamhusein will retain his shareholding and continue to lead the company.
All current staff will remain in their existing roles.
“The biggest winner from this investment will be UK and Ireland travel agents, who will gain access to an enhanced product range and an increase in expert in-house advisors for every region worldwide,” said Gulamhusein.
Major Travel is set to launch in Ireland in 2024, with further plans to launch a full-service operation in North America in 2025.
Related News Stories: Up to 11 million Brits plan a UK Easter holiday trip
Learn more about : Inteletravel.com ( United Kingdom )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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