Travelocity Global, one of the world’s largest online travel companies, today announced the acquisition of Travelguru, India’s largest hotel distribution network, for an undisclosed sum.
The addition of Travelguru will build on Travelocity’s existing businesses, teams and relationships in India, which include Travelocity India, its online travel agency site, various supplier and redistribution relationships, as well as global support teams in the country. Travelguru distributes a portfolio of more than 4,000 hotels in India, most of which are independent properties, with a strong domestic customer-base.
“Both Travelocity India and Travelguru businesses will aim to work together to bring significant benefits to Indian hotel suppliers, with increased distribution and greater demand, redistribution partners with greater breadth and depth of Indian supplier content, and to Indian travellers with the broadest of choice of travel deals across all products in India”, stated a company release.
Roshan Mendis, regional vice president, Travelocity Asia Pacific, said: “Travelguru will continue to operate as a standalone business and brand in India, focused on growing Indian hotel demand, Indian hotel supply and a wide distribution network. Travelocity India will continue its full service online travel agent (OTA) focus, which includes international and domestic air, hotel and package travel.”
“We will look to leverage the benefits of increased access to hotel content across our sites and our distribution partners, and to leverage synergies in product, technology, partnerships and innovation across both businesses over time,” he added.