Travel Agents

Helloworld to acquire Aussie travel management company for $28m

Helloworld Travel has announced it has agreed to acquire the TravelEdge Group, one of Australia’s largest privately-owned corporate travel management companies.

TravelEdge offers a full suite of corporate travel services including travel management solutions, academic travel services, event and group planning and delivery, holiday and leisure services, and travel prizing and incentives.

The consideration for the acquisition is $28 million, which Helloworld will fund from a new bank facility.

Andrew Burnes, CEO and managing director of Helloworld, said: “We are very pleased with the addition of TravelEdge to the Helloworld Travel Limited business.

“This will allow HLO to expand in the corporate and education travel sectors and the business complements our existing corporate operations in Australia and New Zealand with additional expertise knowledge and capability.

“With nearly 20 years’ experience, TravelEdge is a highly respected TMC business that generated over $300 million of TTV in FY19.

“We will continue to provide outstanding services to TravelEdge’s many clients across the corporate and education sectors in Australia.”

“HLO’s existing TMC businesses include QBT, Show Travel, Inspire, AOT Hotels and in New Zealand APX, and with the addition of TravelEdge to our wholly owned TMC operations, our trans-Tasman corporate TTV on an annualized basis will be approximately $1.55 billion in FY20.

“In addition, our Helloworld Business Travel network of corporate agencies in Australia and New Zealand has TTV of over $850 million, taking the total corporate business in our wholly owned operations and our business network members in Australia and New Zealand to over $2.4 billion in FY20.”

Nick Sutherland, group general manager of corporate at Helloworld, added: “TravelEdge is a leading specialist corporate travel business and adds great strength to our expanding TMC businesses in both Australia and New Zealand.

“QBT was recently awarded the corporate travel contracts for News Corp Australia and Foxtel, and is expanding in other areas and we look forward to continuing to provide outstanding service to our many corporate clients throughout Australia and New Zealand.”

Kim Wethmar, CEO of TravelEdge said she was very pleased that the company will now be a part of Helloworld, and sees significant benefits for customers and opportunities for employees.

Wethmar, who joined TravelEdge four years ago, will continue to run the business from its Sydney headquarters.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Cruise

Uniworld sues MSC over $18.5m in damages from Venice ship collision

by Christian Fleetwood

Uniworld Boutique River Cruises has levelled a lawsuit against MSC Cruises over massive damages sustained in a Venice ship collision last year.

Share

CommentComments

Travel Agents

Agent Wrap: Registrations open for RWC 2023, Counselling for agents impacted by bushfires + MORE!

This week’s Agent Wrap is full of everything you need on a Friday: news of agents on voyages around the world, plenty of pictures and, most importantly, a short word count.

Share

CommentComments

Wholesalers

Wholesaler launches flexible European coach-touring brand

The new brand combines the convenience of escorted tours and the independence of FIT, with guaranteed departures on all tours, regardless of their size.

Share

CommentComments

Aviation

Aussie influencer slammed after tricking airline into free business-class upgrade

by Huntley Mitchell

An Australian influencer has copped a swathe of criticism after wearing a moon boot to successfully con airline staff into a free business-class upgrade.

Share

CommentComments

Destinations

South Australian Tourism Commission warned ‘Old mate’ ads weren’t “child-friendly” months before launch

Just released documents have shown that the SATC was warned its now infamous ‘Old mate’ ads were inappropriate months before the campaign even launched.

Share

CommentComments

Tourism

Flavour of the Week: Ex-Liberals leader named Boeing’s new regional boss, CMV’s team expansion + MORE!

If this edition of Flavour of the Week was a marine animal, it would be a blue whale. In other words, this wrap is an absolute whopper.

Share

CommentComments

Aviation

PHOTOS: Coco the very good rabbit scores a seat in business class

Nobody freak out, but we’ve got some very important news: this very cute bunny rabbit wearing a bowtie just scored its own seat in business class, and the photos are SO CUTE!

Share

CommentComments

Tourism

Coronavirus poses bigger threat to Aussie airports than SARS: analyst

Meanwhile, China has placed more than 18 million people in lockdown overnight as the number of those infected climbs to 650, with 18 confirmed deaths.

Share

CommentComments

Wholesalers

Wendy Wu Tours’ Aussie boss exits after less than three months

Troy Ackerman’s sudden departure follows that of Wendy Wu Tours global CEO Joe Karbo in July last year.

Share

CommentComments

Aviation

Qantas, Virgin Australia update pet travel policies following dog deaths

by Christian Fleetwood

Australia’s leading carriers will introduce further precautions on their pet policies, in association with the RSPCA.

Share

CommentComments

Aviation

Canberra Airport closed as fire services use airfield to fight “out of control” bushfire

Canberra Airport has cancelled departures and arrivals as its airfield is used by aviation fire services to facilitate aerial firefighting efforts.

Share

CommentComments

Hotels

Hotel Wrap: Accor’s new rideshare partner, Melia Hotels International opens first Thai hotel + MORE!

Welcome to the Hotel Wrap. This week’s addition features some gobsmackingly wonderful properties which we warn could cause a severe case of FOMO.

Share

CommentComments