Travelocity’s business travel subsidiary TBiz has been sold to travel management company BCD Travel.
Travelocity sells business travel arm
Travelocity’s business travel subsidiary TBiz has been sold to travel management company BCD Travel.
The acquisition, for an undisclosed sum, does not include products, services or customers of the consumer travel brand Travelocity, the company said.
Texas-based TBiz is ranked among the top 10 travel agencies in North America and has been one of the corporate travel industry’s fastest-growing agencies.
BCD Travel plans to continue servicing clients under the TBiz brand.
Mike Janssen, president of BCD Travel’s Americas region, said: “We’re a growth-oriented company and see this move as a smart, strategic acquisition.
“We see a fantastic cultural fit with TBiz. Their success comes from focusing on customer needs, enabling travellers and offering great solutions – in other words, they share our priorities and goals.
Former Travelocity Business president Yannis Karmis, who is staying as president of Travelocity Partner Network, 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.”
BCD Travel plans to offer TBiz clients access to its global network and expertise in global programme consolidation, business analytics and consulting and meetings’ services.
