Ovation Travel Group has acquired London-based travel agency Chartwell Travel for an undisclosed sum, representing Ovation's first wholly owned location outside the U.S., the company announced Monday.
A U.K.-based travel management company last week transacted a flight booking on Travelport's Smartpoint point-of-sale system in accordance with the International Air Transport Association’s New Distribution Capability standard. Travelport claimed to be the first major global distribution system to do so.
Travel and Transport has acquired London-based travel management company Statesman Travel Group.
American Express Global Business Travel expects to complete its acquisition of Hogg Robinson Group on July 19 after European Union regulators cleared the deal on Friday.
If it wasn't already clear that Sam was a fundamental piece of Flight Centre's corporate traveler-facing technology offering, take note that the Australian travel agency conglomerate last month paid 4.2 million Australian dollars ($3 million U.S.) to take full ownership of the developer behind Sam, its mobile in-trip management system.
Not content with having raised $21 million in Series B investment in April 2018, new-gen travel management platform TravelPerk has successfully passed the hat around a second time in the same year. The company announced this week that it has drummed up Series C funding of $44 million, backed by technology investors such as Kinnevik, Yuri Milner and Tom Stafford.
Both Tripbam and TripRebel have targeted the corporate market with software that re-shops booked hotels for better deals. The former is expanding into Europe with a London office and expanded language, content and currency capabilities. The latter recently went insolvent.
In August 2016, private equity firm Inflexion invested in London-based travel management company Reed & Mackay to drive organic growth, fund acquisitions and expand internationally. In the months that followed, the TMC made good on a couple of agency deals, including the acquisition of Chicago's Gray's Travel Management, and has more in the pipeline. Reed & Mackay also recently repositioned its network of international TMC partners and plans closer cooperation with them.