BGH Capital expands travel footprint with investment in Aussie OTA

BGH Capital expands travel footprint with investment in Aussie OTA

Local private equity firm BGH Capital is continuing its push into the travel space, partnering with TripADeal to fuel the online travel agency’s online growth.

BGH founding partner Ben Gray said TripADeal’s online business model allows significant growth opportunities while avoiding the cost structures of more traditional bricks-and-mortar operations.

“We have always been attracted to TripADeal’s position as an online travel agent,” he said.

“The disruption posed by COVID-19 will ensure they continue to benefit from strong industry tailwinds and the bricks-and-mortar shift to online.

“The company has a very scalable business model that is supported by a well-developed technology platform. It has grown extremely fast over the last five years, winning multiple industry awards.”

TripADeal co-founders and CEOs Norm Black and Richard Johnston said they have identified several growth opportunities they believe will assist the Byron Bay-based company in emerging from the COVID-19 pandemic stronger and more responsive to the changing travel needs of its customers and business partners.

“Over the past two years, several firms have knocked on our door eager to invest in TripADeal,” Black and Johnston said in a joint statement.

“BGH approached us late last year, well before COVID, and we knew they were the ideal fit. Working with them through COVID has only reinforced the common culture and respect we have always looked for but never found in the past.

“BGH has significant experience in tourism and their partners share our vision for growth as the travel industry takes off post-COVID-19. We believe BGH will help take TripADeal to the next level.”

The private equity firm has been busy trying to expand its travel investment portfolio during the COVID-19 pandemic.

BGH was one of the failed bidders for Virgin Australia during its administration process, but managed to secure a takeover deal with Village Roadshow 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 […]