TBO Tek Buys Classic Vacations for $125 Million to Expand in U.S. Luxury Travel – Exclusive

Key Points

• TBO Tek is acquiring U.S.-based luxury travel wholesaler Classic Vacations for up to $125 million to expand its presence in the U.S. luxury travel market.
• Classic Vacations will maintain its independent brand while leveraging TBO's advanced technology and global distribution capabilities.
• The acquisition aligns with TBO's recent expansion efforts, including previous purchases in Europe and a strategic focus on technology and premium market segments.

Summary

TBO Tek, an India-based travel distribution platform, has agreed to acquire Classic Vacations, a U.S. luxury travel wholesaler, for up to $125 million in cash. This deal is part of TBO's strategy to strengthen its foothold in the U.S. luxury travel sector and enhance its global expansion. Classic Vacations will continue to operate as an independent brand but will benefit from TBO's technology and distribution, building on both companies' recent investments in digital upgrades and expansion.