DURBAN - Travelstart continues its growth trajectory in Africa in terms of a deal to wholly acquire the Club Travel Group.
The acquisition will boost Travelstart's offering by adding Club Travel’s established complementary corporate and franchise divisions, creating a formidable full-service African travel group.
"We love Club Travel because like us they have a long history in discount travel. Travelstart is strong in the consumer segment and we want to bring consumerization to the corporate and government sectors, where Club Travel is an emerging star," said Travelstart’s Chief Executive Stephan Ekbergh.
Wally Gaynor, Club Travel’s Managing Director and founder who will retain a board seat said, "Travelstart shares a common mission which is to make travel easier for customers. Our team is excited to partner with them to build an amazing long-term business over the next decade".
With the acquisition, Travelstart and Club Travel enter a co-operation which will enable the former to expand its business and reach new customers, and the latter to gain the expertise to deliver digital product innovation and remain competitive.