Hotelbeds Plans to Buy Tourico Holidays to Expand in the Americas
Skift Take
Hotelbeds has an outstanding market position on the strength of its booking technology. The plan to acquire Tourico shows that its financial backers, particularly buyout firm Cinven, see a path to growth. Expect further acquisitions that add new supplier relationships in new market segments.
Palma de Mallorca-based Hotelbeds Group, a bed bank that offers rooms to travel agencies and airlines so they can resell them, is bringing fellow wholesaler Tourico Holidays, headquartered in Orlando, into its fold.
Buyout firm Cinven Capital Management and the Canada Pension Plan Investment Board, which are both behind this new d
