U.S. travel firm buys out India's Travelguru
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Bangalore: Global online travel firm Travelocity Global has acquired India's leading hotel distribution network firm Travelguru for an undisclosed amount. "Travelguru will strengthen our businesses, teams and relationships in India, which include our online travel agency website Travelocity India. The buyout will also complement our airline solutions business in India," the U.S.-based company said in a statement from New York, but did not disclose the terms of acquisition. World's leading travel marketing and distribution firm Sabre Holdings, which owns Travelocity, operates a global technology centre in Bangalore. As the world's largest online travel firm, the $10-billion company operates Travelocity Business for corporate travel, a leading online travel community site - igougo.com, a European online travel site - lastminute.com and an online travel site in the Asia-Pacific region - ZUJI. Travelguru, which handles reservations for about 4,000 hotels across the Indian sub-continent, facilitates customers to plan and purchase their travel in a transparent, easy and customizable manner with instant bookings and confirmations. Travelguru will continue to operate as a stand-alone business and brand in India, focused on growing hotel demand and distribution network while Travelocity India will continue its full service online travel agent focus, including international and domestic air, hotel and package travel. "We will leverage the benefits of increased access to hotel content across our sites and our distribution partners and synergies in product, technology, partnerships and innovation across both businesses over time," Travelocity Asia-Pacific regional Vice-President Roshan Mendis said. Travelguru Chief Executive Ashwin Damera said both partners would jointly work to bring significant benefits to Indian hotel suppliers, with increased distribution and broadest choice of travel deals across India.
Source: IANS
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