:: Travel Weekly ::
Cendant "agreed to acquire U.K.-based wholesaler Gullivers Travel Associates for $1.1 billion in cash.That comes on top of Cendant’s recent acquisition of Orbitz for $1.25 billion and Cendant’s pending purchase of ebookers for $329.6 million.
The three purchases give Cendant major footholds as an intermediary in the U.S., Europe and Asia, as well as a strong presence as a wholesaler...
Gullivers wholesales hotels, destination services, packages and group tours. Although it sells in Europe and throughout the world, Gullivers largest outbound market is Asia, including Japan, China and Hong Kong.
Cendant said the Gullivers takeover is the final piece in its distribution strategy -- so don’t expect growth-through acquisition to be an ongoing tactic."
Really?
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