Skift Travel News Blog

Short stories and posts about the daily news happenings around the travel industry.

Travel Technology

Tripla Expands Into Indonesia Via BookandLink Acquisition

6 months ago

Tripla, which provides a booking engine to hotels in Japan and Southeast Asia, has acquired a travel tech company in Indonesia.

Tripla said it has acquired a 53% stake in BookandLink, which provides software to help hotels track and manage sales through third-party distribution channels. 

The other 47% of BookandLink was acquired by the Development Bank of Japan, Tripla said.

Tripla said the acquisition is part of a larger goal to create a more comprehensive booking and distribution platform for hoteliers. 

Besides a booking engine, Tripla offers products around chatbots, payments, and customer data management. The company said its technology was live in more than 2,400 hotels in Japan as of July 2023, and business is continuing to expand in East Asia, including in South Korea and Taiwan.

And BookandLink was used by more than 2,600 hotels in Indonesia as of July 2023, with a growing presence in Southeast Asia, the company said. 

“The majority of the 50,000 accommodations in Indonesia still use manual processes with pen and paper, motivating us to develop our market further,” said Philippe Raunet, CEO of BookandLink, in a statement.

Tripla said it plans to integrate the two companies and their technologies over the next three years. BookandLink’s founders and roughly 30 employees are joining Tripla.

Tripla started trading on the Tokyo Stock Exchange last November with an initial public offering of $5.6 million (¥823.2 million). The company’s stock is down over 13% year to date.

Travel Technology

Travelsoft Acquires Travel Compositor to Expand Booking Software Services

12 months ago

Travelsoft, a company that offers software products focused on travel bookings, has added a third brand to its portfolio.

The Paris-based company said Monday that it acquired Spain-based Travel Compositor, a provider of travel booking engines, for an undisclosed price. 

Travel Compositor said its platforms handle €1 billion ($1.1 billion) worth of bookings annually and generate €11.5 million ($12.3 million) in revenue. The company is established in Southern Europe and is growing in Latin America and Asia.

Following the acquisition, Travelsoft said it will now transact bookings worth €5 billion ($5.3 billion) annually and generate revenue of over €35 million ($37.4 million). With 90 people joining Travelsoft via the acquisition, the company now has more than 200 employees globally. The company said it will also be able to invest over €5 million ($5.3 million) per year in research and development.

Travelsoft products are focused on helping the tourism industry sell travel packages by automating production and booking, handling data for marketing, and increasing conversion rates. The company works with 300 tour operators connected to 600 suppliers in more than 40 countries, mainly in Europe and the Americas.

Travelsoft also owns Germany-based Traffics, which it acquired in 2022, and France-based Orchestra. 

Traffics offers consulting, search, and booking systems for more than 6,000 travel agencies, as well as travel portals, airlines, hotels and travel suppliers. Orchestra said it allows travel professionals to produce, administrate, distribute, and manage travel packages on all distribution channel

Each of the three companies will maintain their names and brands.

“The need for booking platforms is growing and we see many opportunities for consolidation, so watch out for more acquisitions as we build the world’s leading travel SaaS,” said Christian Sabbagh, founder and CEO of Travelsoft, in a statement

Sabbagh remains the majority shareholder of Travelsoft, alongside the two founders of Travel Compositor and the two founders of Traffics. 

Shares in startups MOGU and Top Group Express, owned by Travel Compositor, will also join Travelsoft. 

The investors who participated in Travel Compositor’s only fundraising round in 2016 — including Caixa, Capital Risk, Inspirit (Didac Lee), Hotusa Ventures, and Venture Cap II — are fully exiting company ownership and multiplying their investment by 12 to 15 times, the company said.