Saturday August 24, 2019
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color for Softvoyage expands with Pythagoras acquisition
Travelweek

Acquisitions

Softvoyage expands with Pythagoras acquisition

Softvoyage has acquired a majority stake in Pythagoras, a Buenos Aires-based travel technology company.
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H.I.S. acquisition of Red Label complete; TravelBrands has its executive team in place

The acquisition of TravelBrands parent company Red Label Vacations Inc. by a subsidiary of H.I.S. Co., Ltd. (H.I.S.) is now official and TravelBrands President and CEO Frank DeMarinis and his executive team say they’re excited to lead the company forward.
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Best Western snaps up WorldHotels’ chain of hotels and resorts

Best Western Hotels & Resorts has acquired global hotel brand World Hotels in a deal that includes approximately 300 hotels and resorts around the world.
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Six Senses Hotels now part of IHG umbrella of luxury brands

InterContinental Hotels Group (IHG) has acquired Six Senses Hotels Resort Spas in a blockbuster deal valued at US$300 million.
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Abercrombie & Kent’s 100% joint acquisition deal officially aligns luxury company with Silversea’s Lefebvre

Heritage Group, headed up by Silversea Cruises chairman Manfredi Lefebvre d’Ovidio, will own 85% of luxury travel company Abercrombie & Kent while A&K founder Geoffrey Kent will own 15% in a new strategic partnership announced today.
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Qatar Airways acquires 5 per cent stake in China Southern

Qatar Airways says it now holds a 5 per cent share in China Southern Airlines, helping expand the Gulf carrier's reach in one of the world's fastest growing aviation markets.
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G Adventures buys UK-based TruTravels as latest acquisition

G Adventures has acquired small group youth travel specialist, TruTravels.
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It’s official: Silversea now under Royal Caribbean umbrella

Royal Caribbean Cruises Ltd., has successfully acquired Silversea Cruises in a blockbuster deal that includes two-thirds stake of the luxury line.
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Aimia responds to Air Canada proposal, hit with another buyout offer just one day later

With yesterday’s news that a new consortium led by Air Canada has put forth a proposal to buy Aeroplan, parent company Aimia Inc. has confirmed receipt, saying that it will now consider the proposal with its advisors.
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Accor backs out of plans to buy stake in Air France-KLM

PARIS — Accor SA, which operates Raffles, Sofitel and Mercure Hotels, has withdrawn its plans to acquire a minority stake in Air France-KLM.
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Overwhelming majority of Transat shareholders say yes to Air Canada deal
A “significant majority” of Transat shareholders have voted in favour of the $720 million deal with Air Canada...
“We need to measure success beyond visitor numbers”: CTO’s challenges
For all its strengths, for all its potential, the Caribbean brand “is perhaps the most neglected tourism brand in the...
Everyone can find what they’re looking for in Israel, says IMOT’s Hana
After welcoming over four million Canadian visitors in 2018, the Israel Ministry of Tourism (IMOT) is ready to reach...
TL Network Canada welcomes over a dozen new members in 2019
TL Network Canada continues to see major growth across Canada, with 14 new member agencies added in 2019.
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