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Freshfields acts for Hotelbeds on GTA acquisition
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Freshfields Bruckhaus Deringer advised Spanish company Hotelbeds Group on the acquisition of Gullivers Travel Associates (GTA) from the Kuoni Group.
Freshfields also advised private equity firm Cinven and the Canada Pension Plan Investment Board in relation to the acquisition.
Kuoni was advised by Swiss law firm Bär & Karrer on the deal, according to Mergermarket.
Hotelbeds is a provider of services to the global travel industry, and GTA is a global distributor providing travel companies with access to hotel accommodation.
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GTA Travel - Ownership and Business Overview
Consumer services company, gta travel ownership, who owns gta travel.
GTA Travel is owned by Hotelbeds Group S.L.U. . It was acquired on April 21, 2017.
GTA Travel Business Overview
Where is gta travel headquartered.
GTA Travel is headquartered in Los Angeles, California.
What sector is GTA Travel in?
GTA Travel is a consumer services company.
Consumer Services M&A Summary in 2017
Out of 60 sectors in the Mergr database, consumer services ranked 26 in number of deals in 2017 . The largest consumer services acquisition in 2017 was VCA - which was acquired by Mars for $9.1B .
Join Mergr to view all 116 acquisitions of consumer services companies in 2017 , including 36 acquisitions by private equity firms , and 80 by strategics .
9841 Airport Boulevard, Suite 710, Los Angeles, California 90045 United States , (310)590-2000 www.gta-travel.com
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GTA Travel provides travel services. The Company offers hotel accommodation, ground travel products, and related services to the travel trade.
Company Summary
Consumer Services
Subsidiary of
Former name.
Donvand Ltd. (Gullivers Travel Associates)
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Divestiture
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Asia powers growth of wholesale tour operator G2
Wholesale tour operator G2 Travel has metamorphosed into a global giant just six years after it was started by top honchos who left Gullivers Travel Associates (GTA) following the latter’s purchase by Kuoni from Travelport.
Built up from scratch, G2 now has 23 offices globally with nearly 1,000 staff serving over 15,000 group tours that book one million room nights. Business grew by 30 per cent last year with Asia a big part of that growth, said director David Littlefair, who was part of the GTA breakaway group that also included GTA founder David Babai.
“We all came from tour operating background… all cut from the same cloth”, said Bangkok-based Littlefair, commenting on G2’s successful growth trajectory on a recent visit to the Philippines to meet travel agency partners.
Amid the spate of mergers and acquisitions in the industry at the time of the breakaway, G2 saw that there was still room for smaller business in the market. “When we started, we might have been a new brand and entity but we have massive amounts of experience and relationships in the market, which is very important in the group sector,” Littlefair explained.
Another edge is Genie, a completely automated system that connects to suppliers, developed by G2’s own in-house technology department.
Littlefair said that of the 30 per cent increase in global business last year, about 60 per cent came from Asia, led by Indonesia and Thailand, while China is fast catching up. Hong Kong has slightly plateaued in the last two years due to its sensitivity to security tensions in Europe, while Singapore is a considerable source of FITs.
Markets like the Philippines, which has yet to reach its full growth potential, is characterised by but bigger groups and longer trip duration of up to 30 days compared with a maximum of 10 days in other source markets.
In Indochina, Vietnam has huge potential and is G2’s biggest market. Cambodia, Myanmar and Laos are starting to have some groups. The latter trio still make up a small percentage of the business but “we want to be there early to cultivate the relationship and to better understand the market,” said Littlefair.
While its focus is on group inbound to Europe, G2 is widening its net beyond the continent to the US – where it opened offices in New York and Los Angeles last year – Canada, South America and Israel, including an office in Tel Aviv.
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Start working with Hotelbeds to open your doors to a global network of over 60,000 travel distributors. Find Out More MANAGE YOUR INVENTORY. Take full control over your rates and availability with our powerful tool for hoteliers. Get Started. find bookings made through GTA: hotels.gta-travel.com
The largest of the top three bedbanks, Hotelbeds, ... Once referred to primarily by its proper name, Gulliver Travels Associates, GTA was founded in 1975. It went through a dizzying series of ownership changes in the past dozen years—from Cendant to Travelport to Kuoni, before the latter's tour operator functions were picked up earlier this ...
Freshfields Bruckhaus Deringer advised Spanish company Hotelbeds Group on the acquisition of Gullivers Travel Associates (GTA) from the Kuoni Group. Freshfields also advised private equity firm Cinven and the Canada Pension Plan Investment Board in relation to the acquisition. Kuoni was advised by Swiss law firm Bär & Karrer on the deal, according to […]
GTA | 58,690 followers on LinkedIn. Hotelbeds is the world´s leading bedbank. The company's proprietary technology helps providers of travel services distribute their offering to travel sellers ...
Gullivers Travel Associates General Information Description. Provider of hotel accommodation, tour packages and a variety of ground traveling services. The company offers easy access to a wide portfolio of accommodation options, transfers, and tours and activities to the best online travel agents, tour operators, and traditional travel agents.
Hotelbeds is part of our wider Group brand, HBX Group. HBX Group is a leading B2B ecosystem player in the TravelTech space, connecting and empowering businesses in the ever-evolving world of travel. Via its offering, the brand for drives growth for clients and partners while removing friction from the end-to-end travel experience.
Who owns GTA Travel? GTA Travel is owned by Hotelbeds Group S.L.U.. It was acquired on April 21, 2017. GTA Travel Business Overview. ... Donvand Ltd. (Gullivers Travel Associates) Investor History; 2017-04-21 Divestiture. Hotelbeds . Kuoni Reisen Holding AG . 2011-03-18 Divestiture. Cendant Corp. ...
Gullivers Travel Associates (GTA) is established in London 2000 Rental cars are added to the Companys offering 2000 First Choice Holidays PLC acquired Barceló Travel Division Hotelbeds launched 2001 Hotelbeds launched hotel beds 2004 Cendant and STA form Multi-Brand, Global accors 2004 Travel Holdings Inc is formed by the merger of Travel
Hotelbeds Group executive chairman Joan Vila believes that the group now has the global scale to give hoteliers a viable distribution alternative to Expedia Inc and Priceline Group.. Vila talked to tnooz about Hotelbeds' growth plans now that its takeover of GTA - announced this April - passed all regulatory requirements. Earlier in the year, Hotelbeds also bought Tourico Holidays with that ...
Information on valuation, funding, acquisitions, investors, and executives for Hotelbeds Group. Use the PitchBook Platform to explore the full profile. Request a free trial Log in. Products; Solutions; Data; ... Gullivers Travel Associates: 04-Oct-2017: 0000000000: Other Commercial Services: 0000 0000: Travel Holdings: 08-Jun-2017: 0000000000 ...
Gullivers Travel Associates (GTA) is a company providing ground travel products and services. It serves the travel industry. The company offers a portfolio of accommodation options, tour guide and transfer services, city tours and excursions. Type Subsidiary Status Active Founded 1975
Partnering with a specialist in hotel distribution like Hotelbeds provides: Access to 71,000+ travel distributors, including travel agencies, wholesalers, tour operators, airlines, affiliates, among other relevant partners to efficiently promote your hotel, or hotel chain. Higher exposure in hard-to-reach, high-value, and in-market segments ...
Hotelbeds operates as a travel agency. The Company offers accommodation, destination, and leisure services. Hotelbeds serves customers worldwide. DEALS OVERVIEW. ... Gullivers Travel Associates. bidder. Hotelbeds Group Slu. value n/a. 1 dealmaker. 21/04/2017 United Kingdom United Kingdom.
27 Goswell Road. London, England, EC1M 7GT, United Kingdom. 212-334-1350. Suggest an edit. You're one click away from the most comprehensive, unmatched analyst expertise in tech, in-depth private company data and a platform that brings it all together. Click Now.
Page · Travel Company. Gullivers House ,27 Goswell Road. +44 20 7716 2400. [email protected].
Hotelbeds is a global travel distributor of accommodation and ancillary products to the world's travel trade. We are focussed on driving business for our partners while simplfying the customer experience across all our touchpoints. We contract, connect and efficiently distribute a differentiated portfolio of +100k properties over 185 countries ...
Gulliver Travel | 1,824 followers on LinkedIn. Your competent partner in destination management | Gulliver travel, founded on February 1, 1989, as the first private tourist and travel agency in ...
Company profile page for Gullivers Travel Associates Ltd including stock price, company news, executives, board members, and contact information
Amounts in millions, except per share amounts. 2005 (a) (b) 2006 Gullivers Gross Bookings: $1,070-$1,195 $1,655-$1,825. Gullivers Net Revenues
Company Gullivers Travel Associates Residence United Kingdom, England, London Last updated 2023-01-26
Wholesale tour operator G2 Travel has metamorphosed into a global giant just six years after it was started by top honchos who left Gullivers Travel Associates (GTA) following the latter's purchase by Kuoni from Travelport.. Built up from scratch, G2 now has 23 offices globally with nearly 1,000 staff serving over 15,000 group tours that book one million room nights.
Updated Jul 15, 2010, 10:25am EDT. The Internet travel reservation company 1800Hotels4U LLC has filed for Chapter 11 bankruptcy protection and is seeking an injunction in the U.S. Bankruptcy Court ...
บริษัท Gullivers Travel Associates (Thailand) ในเครือ Hotelbeds Group เปิดรับ: Booking Support Night Shift (Full-time) จำนวน 10 อัตรา การันตีเงินเดือนขั้นต่ำ 18,000 บาท...