TBO says that it hopes to expand its footprint across Europe with this acquisition
Travel Boutique Online Tek Limited (TBO), one of the leading global travel distribution platforms, has announced that its wholly owned subsidiary, Tek Travels DMCC, has completely acquired Jumbonline Accommodations and Services SLU, which has been demerged as an online business from Spain-based global tourism operator Jumbo Tours Group.
In a press statement, TBO says this development reflects the growth plans that it has set globally as it continues to step up investments by constantly looking at similar partnerships to expand, hire and improve customer experience in the travel ecosystem. TBO says that it hopes to expand its footprint across Europe with this acquisition.
“This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel,” says Gaurav Bhatnagar, Co-Founder and Director of Tek Travels DMCC.
“We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East and APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family,” says Ginés Martinez, CEO, Jumbo Tours Group.
“We strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project,” adds Gabriele Burgio, President and CEO of Alpitour World.
The statement adds that Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time.
