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Amadeus grows hospitality operations with US$1.5bn deal for TravelClick

August 11, 2018

Amadeus has agreed to acquire TravelClick from Thoma Bravo, a private equity investment firm, for US$1.52 billion. TravelClick, which is headquartered in New York, is a global hospitality provider that serves more than 25,000 customers across 176 countries. It provides innovative cloud-based solutions, including an independent and mid-size hotel central reservation system (and guest management […]

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Klook secures US$200m in funding, eyes global expansion

August 7, 2018

Klook has announced $200 million in Series D financing from investors Sequoia China, TCV, Matrix Partners, Goldman Sachs, Boyu Capital, and an Asia-based sovereign wealth fund and family offices. The new financing, bringing the company’s total financing raised to date to $300 million, will help as Klook launches its popular in-destination travel services booking platform […]

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Sabre reports increase in revenue, signs Visa partnership

August 2, 2018

Sabre has reported a 9.3 per cent increase in revenue, to $984 million, for the three months to June 30th. The Texas-based company’s Travel Network distribution arm saw year-on-year booking volumes grow by 7.6 per cent to 122,864, while revenues up 13.2 per cent to $720 million. At the same time the travel technology giant’s […]

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