jumbo tours group spain

TBO.COM signs deal to acquire online business of Jumbo Tours Group, Spain

TBO Tek Limited (“TBO”) announced that its wholly owned subsidiary, Tek Travels DMCC, has acquired 100% shareholding of Jumbonline Accommodations & Services S.L.U., which has been demerged as an online business from Jumbo Tours Group. With this acquisition, TBO intends to further increase its presence in Europe.

Jumbo Tours Group is one of the biggest international tourism operators offering a range of services and products to tourism operators and travel agencies worldwide. The Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time. Complementing this business, there are two other brands, Jumbobeds, the leading online wholesaler for Travel Agencies and Jumbotransfers which offers a wide range of transport services at great prices.

Gaurav Bhatnagar, [Co-Founder & Director] of Tek Travels DMCC, said: “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel”.

Commenting on the announcement, Ginés Martinez, CEO, Jumbo Tours Group, said “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family”.

Gabriele Burgio, President and CEO of Alpitour World has commented “we strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project.”.

This development reflects the growth plans that TBO has set globally as it continues to step up investments by constantly looking at similar partnerships to expand, hire and improve customer experience towards its vision of simplifying and empowering the travel ecosystem.

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General Atlantic-backed TBO Tek acquires Spanish firm Jumbo’s online business

By Sreeja Biswas

• 20 Dec 2023

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TBO.COM signs deal to acquire online business of Jumbo Tours Group, Spain

Dec 20, 2023 | Uncategorized

TBO Tek Limited (“TBO”) announced that its wholly owned subsidiary, Tek Travels DMCC, has acquired 100% shareholding of Jumbonline Accommodations & Services S.L.U., which has been demerged as an online business from Jumbo Tours Group. With this acquisition, TBO intends to further increase its presence in Europe.

Jumbo Tours Group is one of the biggest international tourism operators offering a range of services and products to tourism operators and travel agencies worldwide. The Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time. Complementing this business, there are two other brands, Jumbobeds, the leading online wholesaler for Travel Agencies and Jumbotransfers which offers a wide range of transport services at great prices.

Gaurav Bhatnagar, [Co-Founder & Director] of Tek Travels DMCC, said: “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel”.

Commenting on the announcement, Ginés Martinez, CEO, Jumbo Tours Group, said “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family”.

Gabriele Burgio, President and CEO of Alpitour World has commented “we strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project.”.

This development reflects the growth plans that TBO has set globally as it continues to step up investments by constantly looking at similar partnerships to expand, hire and improve customer experience towards its vision of simplifying and empowering the travel ecosystem.

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TBO acquires online business of Jumbo Tours Group, Spain for 25 million Euros

Tek Travels DMCC, a wholly owned subsidiary of TBO Tek Limited (TBO), has acquired 100 per cent shareholding of Jumbonline Accommodations and Services S.L.U., a demerged online business from Jumbo Tours Group. This strategic move aims to enhance TBO’s footprint in Europe.

Jumbo Tours Group, a major global tourism operator, provides diverse services and products to tour operators and travel agencies worldwide. The Jumbonline business streamlines product distribution for wholesalers and tour operators through a comprehensive single platform. The advanced API solution grants quick access to over 120,000 hotel inventories, including 15,000 directly contracted hotels. Additionally, complementing the business are two other brands, viz, Jumbobeds, a leading online wholesaler for travel agencies and Jumbotransfers, offering competitively priced transportation services.

Commenting on the acquisition, Gaurav Bhatnagar, Co-Founder and Director, Tek Travels DMCC, said, “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel.”

Ginés Martinez, CEO, Jumbo Tours Group said, “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family.”

Gabriele Burgio, President and CEO, Alpitour World commented, “We strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project.”

This acquisition mirrors TBO’s global growth initiatives, underscoring its commitment to expansion, investment, and enhanced customer experience. TBO remains dedicated to simplifying and empowering the travel ecosystem, actively seeking similar partnerships to further its vision.

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Posted by Kate Harden-England on Dec 21st, 2023 at 11:26

TBO.COM signs deal to acquire online business of Jumbo Tours Group, Spain

The DMC business of Jumbo Tours Group to remain part of Alpitour World

Global travel distribution platform TBO.com has announced that its wholly owned subsidiary, Tek Travels DMCC, has acquired 100% shareholding of Jumbonline Accommodations & Services S.L.U.

The business has been demerged as an online business from Jumbo Tours Group and TBO has said with this acquision it intends to further increase its presence in Europe.

Jumbo Tours Group is one of the biggest international tourism operators offering a range of services and products to tourism operators and travel agencies worldwide.

The Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform.

Its API solution provides access to over 120,000 hotels with 15,000 hotels directly.

Complementing this business, there are two other brands, Jumbobeds, the leading online wholesaler for Travel Agencies and Jumbotransfers which offers a wide range of transport services at great prices.

Gaurav Bhatnagar, co-founder and director of Tek Travels DMCC, said: “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean.

“We continue to expand our global footprint by staying true to our commitment to simplifying global travel”.

Ginés Martinez, CEO of Jumbo Tours Group, said: “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC.

“Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family”.

Gabriele Burgio, president and CEO of Alpitour World, added: “We strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project.”.

This development, whose operation has been carried out by Alantra, Escalona & De Fuentes and Andersen, reflects the growth plans that TBO has set globally as it continues to step up investments.

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TBO.COM acquires online business of Jumbo Tours Group, Spain

TBO.COM signs deal to acquire online business of Jumbo Tours Group, Spain

The DMC business of Jumbo Tours Group to remain part of Alpitour World

TBO Tek Limited (“TBO”) announced that its wholly owned subsidiary, Tek Travels DMCC, has acquired 100% shareholding of Jumbonline Accommodations & Services S.L.U., which has been demerged as an online business from Jumbo Tours Group. With this acquisition, TBO intends to further increase its presence in Europe.

Jumbo Tours Group is one of the biggest international tourism operators offering a range of services and products to tourism operators and travel agencies worldwide. The Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time. Complementing this business, there are two other brands, Jumbobeds, the leading online wholesaler for Travel Agencies and Jumbotransfers which offers a wide range of transport services at great prices.

Gaurav Bhatnagar, [Co-Founder & Director] of Tek Travels DMCC, said: “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel”.

Commenting on the announcement, Ginés Martinez, CEO, Jumbo Tours Group, said “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family”.

This development reflects the growth plans that TBO has set globally as it continues to step up investments by constantly looking at similar partnerships to expand, hire and improve customer experience towards its vision of simplifying and empowering the travel ecosystem.

  About Jumbo Tours Group

With over 40 years of experience in the travel industry, Jumbo Tours Group is a destination management company offering a wide range of in-destination services and products for tour operators and travel agencies worldwide.

JTG is part of Alpitour World, one of Europe’s largest tourism corporations and the leading tourism company in the Italian market. The group integrates the main Italian tour operators, more than 2500 travel agencies, the hotel chain VOI Hotels & VRetreats and the airline Neos Air.

  About TBO

TBO is one of the leading global travel distribution platforms that offers a two-sided technology platform, thus acting as a seamless interface between suppliers and buyers. TBO’s platform allows the large and fragmented base of suppliers to display and market inventory to, and set prices for, the large and fragmented global buyer base. TBO has a diversified global footprint and revenue mix, and has regional operation centres across India, Asia, Middle East, Europe, North America, and Latin America.

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TBO.COM signs important deal to acquire 100 % of online business of Jumbo Tours Group, Spain

Tbo tek limited (tbo) has announced that its wholly owned subsidiary, tek travels dmcc, has acquired 100% shareholding of jumbonline accommodations & services s.l.u., which has been demerged as an online business from jumbo tours group..

With this acquisition, TBO intends to further increase its presence in Europe.

Jumbo Tours Group is one of the biggest international tourism operators offering a range of services and products to tourism operators and travel agencies worldwide. The Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time. Complementing this business, there are two other brands, Jumbobeds, the leading online wholesaler for Travel Agencies and Jumbotransfers which offers a wide range of transport services at great prices.

Gaurav Bhatnagar, Co-Founder & Director, Tek Travels DMCC, said: “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel”. 

Commenting on the announcement, Ginés Martinez, CEO, Jumbo Tours Group, said “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family”.

Gabriele Burgio, President and CEO of Alpitour World has commented “we strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project.”. 

This development reflects the growth plans that TBO has set globally as it continues to step up investments by constantly looking at similar partnerships to expand, hire and improve customer experience towards its vision of simplifying and empowering the travel ecosystem.

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TBO Tek buys Jumbo’s online business to expand global footprint

General Atlantic backed global travel distribution platform TBO Tek Limited-that has filed its draft IPO papers with Sebi, told ET it has signed a deal to acquire the online business of Jumbo Tours Group of Spain, through its wholly owned subsidiary Tek Travels DMCC. The company acquired the business for a consideration of 25 million Euros as per the draft IPO papers.

Jumbonline Accommodations & Services S.L.U. has been demerged as an online business from Jumbo Tours Group. The destination management company business of Jumbo Tours Group will remain a part of Alpitour World.

Gaurav Bhatnagar, co-founder and joint managing director of Tek Travels DMCC told ET that this acquisition will give the company access to not just Jumbo’s clientele but content from across ‘prime’ destinations in Europe right down to the Caribbean.

“We continue to expand our global footprint by staying true to our

commitment to simplifying global travel,” he added. TBO was founded in 2006 by co-founders Ankush Nijhawan and Gaurav Bhatnagar. Both of them are currently joint managing directors of the company.

Jumbo Tours Group is an international tourism operator offering services and products to tourism operators and travel agencies worldwide. The Jumbo online business distributes products for wholesalers and tour operators under one single platform. Their API solution provides access to over 120,000 hotels with 15,000 directly contracted hotels. Complementing this business, there are two other brands, Jumbobeds, which is an online wholesaler for Travel Agencies and Jumbotransfers which offers transport services.

Ginés Martinez, CEO, Jumbo Tours Group, said he was ‘very excited’ with this partnership and looked forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East and APAC.

“Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family,” he added.

Gabriele Burgio, president and CEO of Alpitour World said he ‘strongly’ believes there is a big potential in this alliance.

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• TBO acquires online business of Jumbo Tours Group of Spain for 25 million Euros

This acquisition will give TBO access to great supply across Europe, the Caribbean and North Africa, amongst other destinations along with Jumbo's extensive client portfolio across Europe. Jumbonline distributes a range of products for wholesalers and tour operators through an application programming interface (API) solution that gives access to more than 120,000 hotels across Europe, the Caribbean and North Africa.

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• Updated On Dec 20, 2023 at 10:43 AM IST

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As per recent studies, Indians are set to spend over USD 42 billion annually on outbound travel by 2024. This, combined with India’s increasing inclination towards sports-centred travel has been propelled by a number of factors, says Monish Shah, Founder & Chief Business Officer at DreamSetGo. In this article, he deep dived into the factors contributing to India’s emerging sports tourism market.

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• Published On Dec 20, 2023 at 10:43 AM IST

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TBO acquires Spain’s Jumbo Tours’ online business for 25 million Euros

Tbo tek limited ("tbo") has announced its wholly owned subsidiary, tek travels dmcc, has acquired 100% shareholding of jumbonline accommodations & services s.l.u., which has been demerged as an online business from jumbo tours group. with this acquisition, tbo intends to further increase its presence in europe..

The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time. Complementing this business, there are two other brands, Jumbobeds, the leading online wholesaler for Travel Agencies and Jumbotransfers which offers a wide range of transport services at great prices.

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Nine hospitals from aster dm healthcare recognized in newsweek’s ‘world’s best hospitals 2024’ list, road to wellness: aster rv hospital offers free health check-ups for auto drivers, vijayawada’s ferticare ivf centre breaks infertility taboo with joyous baby shower celebration, exploring the effectiveness of a novel pain management device for endometriosis pain, dr. ben carson & dr. michael beckwith pray for the nation on super tuesday, hosted by soaak technologies, new swedish clinical study published in the british journal of dermatology demonstrates superiority of ai-algorithm guided melanoma diagnosis, top reasons patients chose doctors, torus health collaborates with pharmeasy to offer some of the best healthcare discounts in india, gene-edited lymphocytes and the path toward ‘off-the-shelf’ therapy against cervical cancer, tbo.com signs deal to acquire online business of jumbo tours group, spain.

Jumbo Tours Group is one of the biggest international tourism operators offering a range of services and products to tourism operators and travel agencies worldwide. The Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time. Complementing this business, there are two other brands, Jumbobeds, the leading online wholesaler for Travel Agencies and Jumbotransfers which offers a wide range of transport services at great prices.

Gaurav Bhatnagar, [Co-Founder & Director] of Tek Travels DMCC, said: “This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel”.

Commenting on the announcement, Ginés Martinez, CEO, Jumbo Tours Group, said “We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East & APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family”. Gabriele Burgio, President and CEO of Alpitour World has commented “we strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project.”.

This development reflects the growth plans that TBO has set globally as it continues to step up investments by constantly looking at similar partnerships to expand, hire and improve customer experience towards its vision of simplifying and empowering the travel ecosystem.

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TBO acquires online business of Spanish Jumbo Tours Group

TBO says that it hopes to expand its footprint across Europe with this acquisition

Travel Boutique Online Tek Limited ( TBO ), one of the leading global travel distribution platforms, has announced that its wholly owned subsidiary, Tek Travels DMCC, has completely acquired Jumbonline Accommodations and Services SLU, which has been demerged as an online business from Spain-based global tourism operator Jumbo Tours Group.

In a press statement, TBO says this development reflects the growth plans that it has set globally as it continues to step up investments by constantly looking at similar partnerships to expand, hire and improve customer experience in the travel ecosystem. TBO says that it hopes to expand its footprint across Europe with this acquisition.

“This acquisition will give us not only access to Jumbo’s clientele but quality content from across prime destinations in Europe right down to the Caribbean. We continue to expand our global footprint by staying true to our commitment to simplifying global travel,” says Gaurav Bhatnagar, Co-Founder and Director of Tek Travels DMCC.

“We are very excited with this partnership and look forward to leveraging TBO’s strengths in travel distribution across the world, specifically Middle East and APAC. Their tech, talent and growth have been very impressive, and we are happy to be a part of the TBO family,” says Ginés Martinez, CEO, Jumbo Tours Group.

“We strongly believe that there is a big potential in this alliance, TBO is a great partner in technology and highly specialised in the online business, while Jumbo Tours Group is a great provider of operations, contracting, local knowledge and representation in the destinations, we are sure both parties will get the most out of this joint project,” adds Gabriele Burgio, President and CEO of Alpitour World.

The statement adds that Jumbonline business distributes an extensive range of products for wholesalers and tour operators all on one single platform. The advanced API solution provides access to over 120,000 hotels with 15,000 hotels directly contracted in an unbeatable response time.

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