TBO Group has announced its acquisition of Island Hopper and Clickitbookit, who are leading companies in terms of number of passengers visiting the island nations of Mauritius, Maldives, and Seychelles, also utilising its bouquet of travel products and services in the Greek Isles.
TBO, popularly known as Travel Boutique Online, headquartered in India, is a leading b2b online travel distribution company. Founded in 2006, TBO has since expanded its operations to more than 95 countries across the globe with US$1.4 billion as an annual turnover TBO leverages its proprietary online technology platform to distribute airline, hotel inventory, cruises, and allied services to its travel partners.
Speaking about this acquisition, Ankush Nijhawan, Co-Founder, TBO Group said, “Island Hopper and Clickitbookit have until now enjoyed a ‘Numero Uno’ position in these markets and with this acquisition, TBO will expand its leisure travel product footprint and scope in these island nations too. This acquisition brings tremendous opportunity and pricing advantage coupled with quality service to our b2b partners and will make TBO an overnight leader in these fast-growing island markets. With this acquisition, TBO will now start exploring possibilities with other emerging island market globally. Especially with the increase of air connectivity from tier II cities into the Maldives will further double our business in 2019-2020. Sandeep Bhasin, who was a pillar in building this business, will be now be joining the TBO umbrella and will be the Vice President of this new acquisition.”
Viraat Bhalla, Managing Director, Island Hopper said, “We had invested years at nurturing relationships, understanding local market dynamics and curating a portfolio of competitive products and offerings in these island markets. We have been singularly focused on providing the customer with a cost-effective and seamless holiday experience. I am glad that under the TBO legacy our brand will continue to flourish.”
Gaurav Bhatnagar, Co-Founder, TBO Group added, “Given the technological leverage offered by TBO’s online platform and widely woven web of travel agents and tour operators in the Indian sub-continent and other global markets, TBO will now efficaciously provide services in these island destinations to the travel fraternity who earlier may not have had access to Island Hopper. On the flip side, these islands may well get a fillip and enjoy more substantial inflows from various new source markets.”