Webjet Is Buying JacTravel as Wholesaler Consolidation Intensifies
Photo Credit: Webjet is buying UK competitor JacTravel. Webjet has a large consumer business but is becoming a leading wholesaler, as well. Webjet
Skift Take
In a short period, the number of companies at the top of the business-to-business travel market has shrunk dramatically. The deal continues Webjet's transition from a regionally focused consumer travel company to a global travel business; other acquisitions will follow.
The race for consolidation in hotel-wholesaler sector has taken another step forward with the news that Australia-based Webjet plans to buy UK-headquartered JacTravel to create what the companies say is the number two player globally.
The acquisition follows the rapid expansion of market leader Hotelbeds Group, which recently announced deals to buy competitors Tourico Holidays and GTA to help cement its position.
Webjet, which is listed on the Australian Stock Exchange, will
