Thursday, December 16, 2004

Cendant acquires Gullivers/OctopusTravel.com - 16-Dec-04.

Travelmole

"US travel giant Cendant has continued its rapid expansion by acquiring Gullivers Travel Associates and online arm OctopusTravel.com.

The deal comes shortly after the purchase of ebookers and the acquisition of Ramada.

Gullivers chairman David Babai said: "I have no doubt that the partnership with Cendant will create a new and formidable force in the travel distribution business which will change the face of tourism as we know it"

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