Flight Centre takes full control of premium leisure and corporate travel agency

Flight Centre takes full control of premium leisure and corporate travel agency

Flight Centre Travel Group has announced it has acquired 100 per cent ownership of Canadian travel agency Les Voyages Laurier du Vallon (LDV).

After acquiring a 75 per cent interest of LDV in August 2017, Flight Centre today revealed to shareholders that it has formally acquired the remaining 25 per cent in the Quebec-based business, which specialises in premium leisure and corporate travel.

Flight Centre managing director Graham “Skroo” Turner said LDV had become an important part of the company’s growth in the Americas over the last two years.

TDAZE_SurpriseEgg

What’s inside the egg? Click HERE to find out.

“LDV has proven to be a valuable addition to our network in the Americas and we are pleased to take 100 per cent ownership of the business,” he said.

“In addition to delivering solid earnings growth over the past two years, its corporate travel presence has enhanced our already strong customer offering across Canada and throughout North America in general.

“In leisure travel, LDV’s premium offering, which is similar to the highly successful Travel Associates model we use in some other countries, has complemented the Flight Centre branded offering in Canada and allowed us to target a broader customer base in this fairly large market.”

The terms of the acquisition have not been disclosed.

Flight Centre’s takeover of LDV follows its move to merge two of its recently-acquired DMCs and its full acquisition of European corporate travel business 3Mundi last month.

Latest News

  • Products

Embrace the journey: Traversing the world with the Shokz OpenRun

If you’ve been on the wrong side of a final call in the airport, or missed the stop on rail journey, it might be time to invest in a pair of Shokz OpenRun headphones. Originally marketed as headphones for fitness fanatics, runners or cyclists with a keen to steer clear of a prang with a car, […]

  • Tour Operators
  • Tourism

TTC: Deals are driving up demand for September trips

The latest market research from TTC Tour Brands shows interest in international leisure travel remains high for 2024, with 77 per cent of Australians over 18 still planning trips this year. Notably, 28 per cent of those travellers are eyeing September for their journeys. Europe continues to be the most popular destination, with 68 per […]

  • Aviation

Qantas ‘working urgently’ to fix app data leak

Qantas is looking into customer reports that passengers have this morning been able to access other passengers’ personal information on the airlines app. X user Lachlan posted that he was able log into different accounts every time he opened the app. My @Qantas app logs me in to a different person each time I open […]

  • Hotels

Revamped Wailoaloa Beach hotel opens as Crowne Plaza Fiji Nadi Bay Resort & Spa

Crowne Plaza Fiji Nadi Bay Resort & Spa is open and ready for bookings after the first phase of a multi-million-dollar transformation. Part of IHG Hotels & Resorts’ premium collection, the transformation has seen the completion of 106 guestrooms showcasing contemporary interiors reflective of the premium Crowne Plaza brand and is a first for the […]

  • Luxury
  • News

Kamalaya Koh Samui clinches clutch of wellness awards

Kamalaya Wellness Sanctuary & Holistic Spa has so far clinched five prestigious awards in 2024, including being inducted into the ‘Hall of Fame’ at the World Spa & Wellness Awards in London. Founders of the Koh Samui sanctuary and spa John and Karina Stewart expressed their heartfelt gratitude for the awards. “We are profoundly honoured […]