BCD Travel Acquires Travelocity Business from Travelocity Significant move for industry signals global TMC poised for growth, looking to the future
ATLANTA, June 18, 2013 /PRNewswire/ -- BCD Travel, a top provider of travel management services for businesses globally, today announced it has acquired Travelocity Business from its parent company, Travelocity.
Widely known as "TBiz," the Texas-based TMC ranks among the top 10 travel agencies in North America and, in recent years, has been one of the corporate travel industry's fastest-growing agencies.
The acquisition does not include products, services or customers of the consumer travel brand Travelocity.
Launched in 2003, TBiz has built a solid client portfolio, servicing major companies worldwide. BCD Travel plans to continue servicing TBiz clients under the TBiz brand. Clients will continue to receive the quality service and focus on travelers they experience today.
The TBiz team also brings their creative talents to BCD Travel, further paving the way for expanded innovation for clients.
"We're a growth-oriented company and see this move as a smart, strategic acquisition," said Mike Janssen, president of BCD Travel's Americas region. "We see a fantastic cultural fit with TBiz. Their success comes from focusing on customer needs, enabling travelers and offering great solutions—in other words, they share our priorities and goals.
"We're excited about the fresh ideas that we'll be exchanging with TBiz team members," Janssen said.
"Over the last 10 years, Travelocity Business has grown into a powerful force in corporate travel. We've built strong relationships with our clients, and I'm confident their interests—and the interests of our employees who transfer to BCD Travel—will be very well-served by the sale of TBiz," said former Travelocity Business President Yannis Karmis , who will stay with Travelocity Global as president of Travelocity Partner Network.
Among other benefits, BCD Travel plans to offer TBiz clients access to its global network and expertise in global program consolidation, business analytics and consulting and meetings services through Advito and BCD M&I.
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About BCD Travel
BCD Travel helps companies make the most of what they spend on travel. For travelers, this means keeping them safe and productive, and equipping them to make good choices on the road. For travel and procurement managers, it means advising them on how to grow the value of their travel program. For executives, we ensure that the travel program supports company objectives. In short, we help our clients travel smart and achieve more. We make this happen in 97 countries with 11,000 creative, committed and experienced people. And it's how we maintain an industry-leading client-retention rate of more than 95%, with 2012 sales of US$21.2 billion. For more information, visit www.bcdtravel.com.
About BCD Holdings N.V.
BCD Holdings N.V is a market leader in the travel industry. The Dutch, privately owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management), Travix (online travel: CheapTickets, Vliegwinkel, BudgetAir and Vayama), Park 'N Fly (off-airport parking), TRX (travel transaction processing and data integration), Airtrade (consolidating and fulfillment), VakantieXperts (leisure) and Parkmobile International (mobile parking and traffic applications). BCD Holdings employs approximately 13,700 people and operates in more than 95 countries with total sales, including franchising, of US$24.4 billion. For more information, visit www.bcd-nv.com.
SOURCE BCD Travel