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B2B travel distributor GTA is being taken over by Hotelbeds Group.
Swiss travel group Kuoni will retain a “significant minority stake” in the combined business following the GTA disposal. No financial details of the transaction were disclosed.
The GTA deal comes just two months after Hotelbeds agreed to take over US-based Tourico Holidays. Acquiring GTA, which will also join Hotelbeds’ bedbank business unit, further strengthens the company’s global B2B accommodation reach.