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Qantas Acquires 51% of Travel Package Business TripADeal

Qantas Acquired a 51% stake in the online travel business TripADeal Undisclosed amount.

Australian airlines want to enhance their leisure services to loyalty program members through the acquisition of Trip A Deal, which is also based in Australia.

According to the release, TripADeal has built direct relationships with hotels, tour operators and other travel agencies in the decade since its inception.

We offer a variety of packages, from skiing in Japan to traveling from Antarctica to Africa Safari. These packages can be booked using Qantas points regardless of whether the airline is included in the package.

In the 12 months prior to the pandemic, TripADeal brought over £ 112m in bookings.

“This is a great opportunity at the right time. Getting out of the pandemic, people want a special yet tested and tested holiday experience. There is a big shift to online booking,” said the Qantas Group. CEO Alan Joyce said.

“That’s exactly what Trip A Deal does. It’s an Australian success story built on the basis of offering off-the-shelf holidays at a very high price, and the level of repeaters is how well they do. It shows whether or not. “

Richard Johnston, co-founder of TripA Deal, said: It took us 10 years to build a direct relationship with our suppliers and be able to offer all the experiences we have. Now that Qantas points can be used for that purpose, it will drive our growth over the next few years. “

Qantas Loyalty aims for double-digit growth in 2022 and an EBIT of $ 500- $ 600 million by 2024.

https://www.phocuswire.com/Qantas-acquires-majority-stake-in-tripadeal Qantas Acquires 51% of Travel Package Business TripADeal

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