Company updates Amadeus Acquires TravelClick to Accelerate Expansion in Hospitality Sector by GTP editing team 30 August 2018 written by GTP editing team 30 August 2018 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 24 Amadeus has agreed to acquire global hospitality provider TravelClick from Thoma Bravo, a leading private equity investment firm, for USD $1.52 billion. TravelClick, which is headquartered in New York City, serves more than 25,000 customers across 176 countries. It provides innovative cloud-based solutions, including an independent and mid-size hotel Central Reservation System (CRS) and Guest Management Solution (GMS), as well as business intelligence and media solutions. This portfolio gives hotels distribution reach across all channels, both digital and traditional. It also allows them to improve digital interaction with guests, increase revenues and performance, reduce cost and create a strong brand. The addition of TravelClick’s solutions to the Amadeus portfolio will create a hospitality leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe. “TravelClick gives us access to the mid-chain and independent hotel segment that makes up almost three-quarters of the market,” said Francisco Perez-Lozao, Senior Vice president Strategic Growth Businesses at Amadeus. “We can now serve the entire industry with a very broad portfolio of solutions and we are looking for significant growth in the years ahead,” he added. As part of the acquisition, approximately 1,100 TravelClick employees are expected to join Amadeus. “TravelClick has a great team, great technology and a broad customer base… Our ambition is to provide the hospitality industry with the tools they need to grow their businesses and deliver a great experience to their guests,” said Luis Maroto, President and CEO of Amadeus. Amadeus and Thoma Bravo expect to close the acquisition in the fourth quarter of the calendar year 2018, following regulatory approvals. The transaction will be debt-financed and immediately earnings accretive. Amadeus is a leading provider of cutting-edge technology solutions for travel and tourism companies worldwide including hotels, airlines, railway and coastal shipping companies, tour operators and others. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Ierapetra Tourism Festival Set for Action on September 3 next post Beat Taxi Service Joins Forces with Athens Hotels You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Greek Ministries Team Up to Form National Cycling Strategy 5 February 2025 Peiraios Industrial Complex to Become Athens’ New Cultural Hub 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ