AvaiBook sells the company's 75% to Idealist

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Integral service around a transaction
BY : Diego GutiérrezMarch Wed, 2019

Travel Tech expert Avaibook confirmed last month the sale of its company's 75% to Idealista. Its holiday rental services and its more than 20 synchronised portals such as Booking or Airbnb have motivated this operation.

In a more generalised context, we have carried out a study on the sale of companies latest developments in the Travel Tech sector.

Sales operation in the Travel Tech sector

AvaiBookbased in Zaragoza, develops a software that offers solutions for online holiday and rural rental managers and owners.. It was founded in 2010 by Rafael Cruces, current CEO of the company, and has around 30 employees.

Their speciality is holiday rentals; they offer services for tourist flats, hotels or villas. It currently has more than 56,500 managers and more than 20 integrated portals, such as Booking, Expedia or Airbnb, with which it is fully synchronised.

His good work has ensured that IdealistSpanish online portal for the sale and rental of real estate, has purchased the company's 75% from the company. The amount of the transaction has not been made public.

The remaining 25% remains in the hands of Rafael Cruces, who has described the sale as "the best possible news for the project".

Selling companies internationally

We analyse the Travel Tech sector with the sale of companies latest developments in the sector. If at the end of the article you are still interested in the sector, you can find more information in this entry we elaborated earlier.

1. Air Black Box

This operation can be called "breaking news". On 11 March we learned of the sale of the British company Air Black Box to 777 Partners. The amount of the transaction has not yet been made public.

Air Black Box is a company dedicated to transforming the travel sales process. Air Black Box's first end-to-end travel connectivity platform enables airlines, airports and travel suppliers to expanding its market presence, increasing passenger volumes and creating new sales opportunities. This in turn facilitates efficient and cost-effective cross-selling.

777 partnersis a Miami-based investment firm that focuses on a broad segment of specialised finance businesses, asset builders and financial technology and service providers.

"Air Black Box's team and technology platform fit our criteria for investing in disruptive aviation companies that create efficiencies and boost revenues in areas that have not been fully optimised"said Juan Arciniegas, director of 777 Partners.

2. Zillious Solutions

Zillious Solutions is a technology solution for SaaS travel on demandwith market leadership in the corporate travel segment in India. They offer innovative technology products and services for travel suppliers, travel agencies and tour operators. The Zillious Exchange processes more than 8 million travel bookings per year, producing a value of over ¤1 billion per year. gross merchandise of approximately 1.4 billion USD per year.

On 13 February, the sale of Zillious' 80% to one of Zillious' subsidiaries was confirmed. Ebix. Although the amounts involved have not been published, we know that Ebix is financing the transaction in cash using its reserves.

Ebix is an international provider of on-demand software and online e-commerce services. It serves the insurance, finance, healthcare and learning industries.

3. HotelsCombined

Founded in 2005, is a hotel search engine based in Sydney, Australia. Visited by more than 100 million people each year, it allows travellers to search for hotels in more than 120,000 destinations worldwide to instantly search and compare room availability and prices from hundreds of travel websites.

HotelsCombined won TRAVELtech's "Website of the Year" award in 2010. In addition, Deloitte awarded it as a one of the fastest growing technology companies in Australia and Asia in 2010 and 2011.

Booking Holdings announced on 3 December 2018 the completion of the purchase of HotelsCombined, which began on 9 July. "We have admired HotelsCombined and its agile entrepreneurial culture for years. We are delighted to welcome them to the team at KAYAK and have them as part of our brand portfolio," said Glenn Fogel, CEO of Booking Holdings.

4. Tnooz

Tnooz is a provider of news, analysis, commentary, education, data and business services for the travel, tourism and hospitality industry. Launched in September 2009, it focuses on the distribution, marketing, systems, devices, startups, social media and commerce in the travel technology industry.

On 19 October 2018 Northstar Travel Group made public the acquisition of Tnooz. This transaction was carried out as part of a plan to further accelerate the development of media property PhocusWire of Phocuswright. The amount of the sale was not made public.

Pete Comeau, Phocuswright's senior vice president of sales and marketing, said: "Over the past nine years, Tnooz has developed a strong travel following. through strong and consistent editorial coverage of the most important issues affecting the travel technology ecosystem. We are delighted to welcome PhocusWire to Tnooz's readers and business partners.

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