Travel Tripper Merges With Pegasus in Hotel Tech Rollup
Photo Credit: Shown here is a demonstration of what a hotel's brand.com website could look like when powered by the technology of Travel Tripper, a New York-based company that has just merged with Pegasus. Travel Tripper
Skift Take
Travel Tripper is taking on a distressed asset, Pegasus. Meh. But what's interesting is that Accel-KKR is backing the deal. The support by the private equity firm is yet another sign of more rollups of hotel tech companies to come against a backdrop of hotel software investments by Amadeus, Sabre, and Shiji.
Accel-KKR, a U.S. private equity firm, is betting on growth in hotel technology by underwriting the merger of two hospitality technology providers: Travel Tripper and Pegasus.
The companies didn't disclose the terms of the deal, revealed to Skift on Monday, or how much they had previously raised on their own. No investor has a controlling share of the combined entity, said Gautam Lulla, president of Travel Tripper and the new entity.
After the companies fully merge, one of the brands may disappear. Together, they serve about 5,500 hotels and touch approximately 16 million bookings a year. Central reservation systems, a product provided by both companies, sit at the center of a lot of data and revenue generation for hotels.
"Pegasus has always been strong at distribution-facing connectivity," said George Roukas, a partner at consultancy Hudson Crossing. "Travel Tripper has done a terrific job at building a booking engine that converts very well on brand.com sites, and they've g
