dnata Acquires Leading Online Travel Agency, Travel Republic
Through the use of pioneering technology, Travel Republic offers unbeatable prices on a choice of 120,000 hotels, and flights with some 100 airlines to 650 destinations worldwide. The business provides its website in an increasing range of languages and helps over two million customers a year with their holiday plans. The company has recently launched sites in Ireland, Spain and Italy and with further expansion plans across the rest of Europe. Travel Republic is on target to become one of the largest travel companies in the European region.
The new investment will allow dnata to capitalise on the increasing popularity of online travel booking which has seen dramatic growth in the past year. Travel Republic recorded an increase of over 40% in its annual turnover for 2011 to over £400 million as consumers increasingly prefer to arrange their own holidays independently from traditional tour operators. dnata will use the strength of its global travel network to expand on this further by offering a broader range of destinations whilst maintaining the same price competitive and high-quality customer experience.
The acquisition continues dnata's international expansion and also follows the travel team's recent expansion into India. "Travel Republic will complement our existing leisure and corporate travel services in Dubai and internationally," said Iain Andrew, Divisional Senior Vice President of dnata's travel business. "The company has an impressive, dynamic management team and I am confident that together we can further develop the business, in line with the outstanding service and quality for which dnata is renowned."
"We are excited that Travel Republic has joined the dnata family" said Kane Pirie, Managing Director of Travel Republic. "dnata is forward thinking and ambitious and will help accelerate our growth across Europe and beyond."
The acquisition is effective from 28th December 2011, and the business will continue under the Travel Republic branding.
About Travel Republic
With over two million holidaymakers booking annually through their websites in the UK, Ireland, Spain and Italy, Travel Republic is one of the largest and most well-established online travel agents in Europe. The company has been successfully helping people book their hotels, flights and other travel arrangements for over 20 years. A commitment to provide exceptional value for money, breadth of choice and gold standard customer service has established Travel Republic as one of the top five most visited travel agent websites in the UK (ranked by Hitwise). The website features over 120,000 hotels and 250,000 customer reviews, as well flights with over 100 airlines to more than 650 destinations. Travel Republic is an IATA Accredited Agent and a full member of ABTA.
About Dnata Travel Centre
dnata is the world's fourth largest combined air services provider, offering ground handling, cargo, travel, IT solutions and flight catering services. Part of the Emirates Group and wholly owned by the Investment Corporation of Dubai (ICD), dnata was established in 1959. Over the past six years, the organisation has quadrupled in size and now has a global footprint in 38 countries across five continents including Australia, China, the Philippines, Singapore, UK, Switzerland and Pakistan. In December 2010, dnata acquired in-flight caterer Alpha Flight Limited, extending the company's reach to the current presence in some 76 airports. Global expansion was seen in 2008 through the acquisition of a 23% share in worldwide corporate travel company, Hogg Robinson Group (HRG) and 49% acquisition of the global outsource provider, Mind Pearl. dnata's customer focus and unyielding commitment to the highest standards in the travel and tourism industry have contributed to the business receiving over 30 awards including the prestigious 'World's Leading Travel Management Company' award in both 2009 and 2010 by the World Travel Awards and 'Ground Handling Provider of the Year' at the Aviation Business Awards four times. For more information visit www.dnata.com