News yesterday from Fritz Joussen, CEO of the travel company Tui, reveals the Hannover, Germany company and its British subsidiary TUI Travel PLC moving forward to a proposed merger to form the world’s biggest tourism entity. With some 74 000 Employees and a market capitalization of over €6,5 Billion Euros, TUI will dwarf the competition.
travel companies
Travelport Adds e-Travel Technologies
Travelport and e-Travel Technologies have just penned an agreement to bolster the former’s travel risk management services with duty of care solutions for the corporate travel market. e-Travel’s portfolio include; travel alerts, travel advisories, and travel tracker databases. These will now be made available globally to Travelport-connected travel agents.
Expedia Acquires Auto Escape Group
Expedia has just announced completing its acquisition of Auto Escape Group, a leading European car rental entity online. The acquisition from private equity fund Montefiore Investment, tell of Auto Escape Group management migrating to the booking giant’s team as well.
Vacation Home Rentals Now Part of TripAdvisor
Vacation Home Rentals has been acquired by TripAdvisor. The Massachusetts vacation rental service’s more than 14,000 properties worldwide become part of the current expansion by the world’s most prolific online travel review site.
CWT Announces Record Traveler Satisfaction
Last week, Carlson Wagonlit Travel (CWT) announced record traveler satisfaction scores for 2013. According to Carlson, customer feedback from via CWT Listens, reflect unparalleled CWT performance.
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