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M&A activities in the global hotel B2B wholesale sector are active again。August 2,Webjet, Australia’s largest OTA, announced the acquisition of 188bet online casino games, a global B2B hotel wholesaler headquartered in the UK,Aims to build the world’s second largest B2B hotel wholesale business。
Before this,Hotelbeds Group, the world’s largest B2B hotel wholesaler, has stepped up its pace of expansion in order to consolidate its industry position,Acquired competitors Tourico Holidays and GTA in the first half of the year。
Webjet listed on ASX will be 2..5bn (£200m) acquisition of 188bet online casino games(更多阅读《Competing in the Chinese outbound travel market, how 188bet online casino games a new way to carve out its own path?》)。After the transaction is completed,The number of directly signed rooms in 188bet online casino games’s WebBeds B2B portfolio will increase from 10,000 to 17,000。
188bet online casino games expanded its business scale by acquiring competitor TotalStay Group in 2015。Currently,188bet online casino games is owned by private equity firm Vitruvian Partners。
Webjet Managing Director John Guscic said: "This acquisition has brought great changes to the WebBeds business,Webjet will become the second largest B2B market player in the world,Also the second largest B2B player in this important market in Europe。WebBeds has always been committed to helping our customers succeed,Enabling our partners to respond to changing market trends。By working with like-minded partners like JacTravel,We believe that this cooperation can bring great synergy effects to the company,The entire 188bet online casino games industry will also benefit from this。We have many years of experience in cooperation with JacTravel,Sincere admiration for the business they do。We look forward to working with the JacTravel team in the coming months,Work together to create more value for partners and customers。
188bet online casino games CEO Terry Williamson said: "Over the past three years,We enjoyed working with Vitruvian,188bet online casino games’s size during this period、Technology and global influence have been greatly improved。My continued support to the entire Vitruvian team、Thank you for your encouragement and contribution。The combination with Webjet is in line with 188bet online casino games’s next step of global expansion,We will definitely be able to provide more products and services to our hotel partners,Provide more products and more value to our customers。”
Except B2B business,188bet online casino games also provides services to consumer customers。The transaction is expected to be completed at the end of this month,After cooperation, B2B business will account for 44% of the company’s total transaction volume。
*This article was compiled from Skift by Li Haiqiang (WeChat: lhq434849653), an analyst at Huihui,Welcome to follow and communicate!
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