October 19, 2017
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Business to business travel distributor GTA is being taken over by Hotelbeds Group. GTA will join Hotelbeds’ bedbank business unit, further strengthens the company’s global B2B accommodation reach.
Swiss travel group Kuoni will retain a “significant minority stake” in the combined business following the GTA disposal. No financial details of the transaction were disclosed.
The GTA deal comes just two months after Hotelbeds agreed to take over US-based Tourico Holidays.
Hotelbeds executive chairman, Joan Vilà, said: “It gives me great pleasure to announce that GTA will be joining Hotelbeds Group. “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.
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