Travelport invests in German tour operator distribution company travel-IT
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The strategic investment will significantly increase Travelport's presence and reach in the German leisure travel industry, which at approximately €26 billion, is Europe's largest.
Travelport has strategically invested over $475 million in developing its Travel Commerce Platform.
Over the past two years alone, Travelport has strategically invested over $475 million in developing its Travel Commerce Platform to address the trends, inefficiencies and unmet needs of the global travel industry.
Travelport makes content available from some 400 network and low cost airlines, 600,000 individual hotel properties, all the major car rental companies and a host of other travel related content on its Travel Commerce Platform.
It will now bring all of this experience and innovation to travel-IT's business, introducing this powerful and highly competitive means of access for German tour operators to sell the widest range of products possible through on-line and off-line travel agencies, with state of the art features and capabilities.
Travelport's participation in equity of travel-IT was part of a wider transaction which also saw some of the leading German tour operators invest alongside. ■