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

2 responses to “WebBeds becomes second biggest B2B player with new acquisition”

Leave a Reply

Aviation

Aviation Wrap: Delta’s world-first parallel reality experience, Boeing’s new jet takes flight + MORE!

With only four days of work, we’re welcoming this week with an Aviation Wrap, a handful of hobnobs and an overwhelming hangover.

Share

CommentComments

Destinations

Indonesia seeks massive $9.7bn investment alongside ‘10 New Balis’ project

It might be a few years away before you can sell a few equally wonderful alternatives to Bali, but keep these Indonesian destinations on your radar.

Share

CommentComments

Technology

Tripadvisor sacks 200 staff amid leadership shake-up

Fresh off the heels of an announcement of hundreds of layoffs at the company, an email has revealed TripAdvisor is planning a shake-up in leadership.

Share

CommentComments

Hotels

Suspect charged with deliberately lighting Adelaide hotel fire

Police have charged a woman with arson over a fire at the Ambassadors Hotel, which reportedly caused a $250,000 worth of damage.

Share

CommentComments

Tourism

Coronavirus could land multi-billion-dollar blow to Australian economy, as travel bans and flight suspensions take hold

As the deadly virus continues to spread, research has shown the impact it could have on the bushfire-ravaged Aussie tourism industry.

Share

CommentComments

Destinations

Destination Wrap: NZ Festival of the Arts, Solomons PM stresses low-cost, high-impact tourism strategy + MORE!

Given yesterday’s public holiday, we almost decided to skip this week’s Destination Wrap. But, as you’ll discover here, there’s just too much happening!

Share

CommentComments

Aviation

British Airways teams up with Qatar Airways for Aussie expansion

If approved by the ACCC, the new partnership could allow the British Airways to coordinate on more than 100 routes, expanding on its once-daily flight between Sydney and London.

Share

CommentComments

Cruise

Gwyneth Platrow spruiks wrong cruise line, blames magic mushrooms

The Oscar winner said she got the name wrong because she felt like she was hallucinating while giving her ‘Goop at Sea’ experience a plug.

Share

CommentComments

Travel Agents

CATO reveals new venue and format for 2020 awards

Do you enjoy cutting a rug at industry events? Well, this news will have you flossing around the office in celebration.

Share

CommentComments

Wholesalers

Wholesaler Wrap: AAT Kings bushfire relief trips, Intrepid declares climate emergency + MORE!

Has the long weekend got you all out of whack? Luckily, we’ve got THREE wraps for you to catch up on, just in case you need to look busy for a solid hour.

Share

CommentComments

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