Wholesalers

WebBeds becomes second biggest B2B player with new acquisition

Webjet has acquired Dubai based wholesaler, Destinations of the World (DOTW), making WebBeds the second biggest B2B player globally.

The Australian online travel site purchased DOTW from Gulf Capital, the largest private equity firm in the Middle East.

As a leading independent B2B platform, DOTW currently has a portfolio of around 12,300 directly contracted hotels, 5,600 of which are unique to WebBeds, increasing their directly contracted inventory pool to over c.28,500 hotels.

DOTW has a particular strength in the Asia Pacific market, which is a key strategic focus for WebBeds.

It will also deliver a material number of contracts into the strategically important Americas region, while further expanding WebBeds’ presence in the key European and MEA regions.

“WebBeds is focused on helping our clients succeed and enabling our hotel partners to respond to fast-changing market trends,” Webjet’s Managing Director, John Guscic said.

“The acquisition of DOTW will ensure we can accomplish this on an even greater scale than we have achieved to date.

“DOTW is a company we have worked with for many years, and we have the greatest amount of respect for their business.

“We look forward to working with the DOTW team in the weeks and months ahead as we integrate our businesses and develop the best possible outcomes for all of our partners and clients.”

Adding DOTW to the WebBeds’ family will boost annual total transacted volume (TTV) to over A$2.0 billion (proforma for FY18)1 representing an increase of 54 per cent and will increase the global footprint with offices in 36 locations.

Following the acquisition, WebBeds will have more than 2,100 employees, allowing it to provide truly local support to its worldwide partner network. It will feature a portfolio of more than 250,000 hotels in all regions of the globe, of which c.28,500 are directly contracted.

SEE WHAT PEOPLE ARE SAYING

  • sting

    … so who’s the biggest…

Aviation

Big Fat Airline Wrap

Writing this airline wrap makes us want to go on holiday. Keep an eye out for our Go Fund Me so we can afford to pay for first class Emirates seats.

Share

CommentComments

Aviation

Is the OneWorld alliance in danger?

Qatar Airlines has threatened to leave the alliance, following a dispute with Qantas. Similarly, we’re threatening to leave work early if our boss doesn’t give us an early mark.

Share

CommentComments

Tourism

Rome tackles overtourism by limiting tour buses

Rome is set to ban tour buses in certain parts of the city centre. Meanwhile, we’ve been banned from the office snack shelf after eating more than our fair share of Tim Tams.

Share

CommentComments

Aviation

Airline forced to breathalyse staff after co-pilot caught almost 10 times over limit

We have enough trouble operating a computer when we’re drunk let alone a plane. That’s why our articles have so many typos on Fridays.

Share

CommentComments

Technology

Beyond passport-free travel: SITA President reveals predictions for the future of airports

We picked Sumesh Patel’s brain to find out about all the shiny new tech airports are investing in. We assume he has a bit of a headache now.

Share

CommentComments

Cruise

Royal Caribbean unveils agent portal to boost sales

More like SAILS are we right? Because it’s a ship? Yeah, we hated that joke too.

Share

CommentComments

Destinations

WATCH: Brand USA launches video series to uncover hidden gems of the US

The new series asks people living in little known US towns to reveal all their dirty little secrets. Okay, fine – they’re actually giving travel tips, but we promise the advice is just as juicy.

Share

CommentComments

Hotels

WORLD FIRST: Ground-scraper hotel built in Shanghai quarry

The bottom floor suites are underwater, encased in an aquarium and feature a 24-hour butler service. And yes, we have pictures.

Share

CommentComments

Hotels

SHOCKING: Luxury hotels apologise for dodgy cleaning practices

All we can say is we’ll definitely be soaking any cups at hotels in hand sanitiser before we use them in the future. Ew.

Share

CommentComments

Wholesalers

Big Fat Wholesaler Wrap

We’re not big Monday fans here at Travel Weekly. However, we don’t mind having a peruse through the Monday Wholesaler wrap and daydreaming up the ultimate trip we’ll never afford.

Share

CommentComments

Cruise

Crystal Cruises’ Karen Christensen on the changing face of cruise passengers

Millennials are shaking up the cruise industry in a big way. That’s not to say they are literally shaking the ships themselves, that would be highly dangerous.

Share

CommentComments

Hotels

New Art Series hotel coming to Brisbane

The $60 million hotel will be carved into the cliff under Story Bridge. But don’t worry, they’ve assured us all trolls living under the bridge will be rehoused prior to opening.

Share

CommentComments