Mergers & Acquisitions
Juniper Group acquires Traveltek
Travel technologies developer Traveltek announced that it has been acquired by the Juniper Group.
CapitaLand Ascott Trust to divest Somerset Olympic Tower Tianjin
CapitaLand Ascott Trust (CLAS) entered into an agreement to divest Somerset Olympic Tower Tianjin in China to an unrelated third party.
Accor expands Vietnam presence with Mercure Nha Trang
Accor strengthened its footprint in Vietnam with the recent signing of Mercure Nha Trang which opens late next year.
Capital A shareholders approve disposal of aviation business to AirAsia X
Capital A announced that shareholders voted in favour of the proposed disposal of the Group’s aviation business to AirAsia X.
BLS International acquires 100% stake in Citizenship Invest
BLS International Services Limited (“BLS”), a global tech-enabled service provider for governments and citizens, announced the successful completion of its acquisition of 100% stake in Citizenship Invest (CI), a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries.
CapitaLand Ascott Trust’s Citadines Karasuma-Gojo Kyoto divested for JPY6.18 billion
CapitaLand Ascott Trust (CLAS) divested Citadines Karasuma-Gojo Kyoto in Japan to an unrelated third party for about JPY6.18 billion.
Cendyn acquires Knowland
Cendyn, a global hospitality cloud-based technology company, has acquired Knowland, the US-based leader in data-as-a-service intelligence on meetings and events for hospitality.
Cebu Pacific orders 70 Airbus A321neos
Cebu Pacific placed a firm order with Airbus for 70 A321neo, finalising a memorandum of understanding previously announced in July.
ATIA lauds Qatar Airways’ investment into Virgin Australia
The Australian Travel Industry Association (ATIA) extended appreciative comments regarding Qatar Airways’ impending investment into Virgin Australia.
CapitaLand Ascott Trust slated to acquire lyf Funan Singapore
CapitaLand Ascott Trust (CLAS) entered an agreement with the Ascott Serviced Residence Global Fund (ASRGF) for the acquisition of lyf Funan Singapore
Khiri Travel acquires Travel Authentic Philippines
Khiri Travel’s recent acquisition of Travel Authentic Philippines (TAP) adds the Philippines to its growing roster of destinations within Asia.
Travel and tourism sector deal activity down by 12.6% YoY in H1 2024: GlobalData
A total of 347 deals were announced in the tourism sector during the first half (H1) of 2024, which was a year-on-year (YoY) decline of 12.6%
Apollo Funds to acquire The Travel Corporation
Apollo and The Travel Corporation (TTC) announced they have entered into definitive agreement for Apollo-managed funds (the “Apollo Funds”) to acquire TTC, which has been privately owned and operated for more than a century
Juniper Travel Technology acquires Lleego
Juniper Travel Technology, the company in technology solutions for the travel industry, announces the acquisition of Lleego, an innovative travel software company specializing in flight management and booking.
The Access Group expands in North America with acquisition of SHR Group
The Access Group, a $1.3bn+ business management software provider, has added global hotel and casino technology specialist SHR to its expanding AI-powered end-to-end platform for hotels.
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