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Webjet acquires DOTW

  • 06 November 2018

Australian Securities Exchange-listed Webjet Limited (Webjet) has acquired the Dubai-based Destinations of the World (DOTW)  for US$ 173 million. The   acquisition will solidify WebBeds position as the #2 B2B player globally and DOTW will join the JacTravel, TotalStay, Sunhotels, Lots of Hotels and FIT Ruums brands in the WebBeds business. Webjet is acquiring DOTW from Gulf Capital, the largest private equity firm in the Middle East.

DOTW is a leading independent B2B platform having a a particular strength in  the Asia Pacific market, which is a key strategic focus for WebBeds.  DOTW’s strengths, in terms of geographic focus, product range and customer mix, are highly complementary to the WebBeds business. While WebBeds' main focus is on the long-term benefits of the acquisition, the acquisition is also expected to deliver considerable cost and revenue synergies over the short to medium term.

DOTW currently has  a  portfolio  of  12,300  directly  contracted  hotels.  Of  these, 5,600 are  unique to  WebBeds, thereby  increasing  WebBeds  directly  contracted  inventory  pool  to  over  28,500  hotels.  Additionally,  the 6,700  overlapping hotel contracts will further deepen WebBeds’ room allocation and availability at key hotels around the world.

Webjet’s Managing Director, John Guscic said: “I  am  truly  delighted  to  announce  the  acquisition  of Destinations  of  the  World which solidifies  WebBeds’ position as the #2 B2B player globally. WebBeds is focused on helping our clients succeed and enabling our hotel partners to respond to fast-changing market trends. The acquisition of DOTW will ensure we can accomplish this on an even greater scale than we have achieved to date.”

Commenting on the sale, Karim El Solh, CEO of Gulf Capital, said: “We are very pleased to be announcing today the strategic sale of Destination of the World to Webjet, a leading B2B travel business. Gulf Capital has worked very closely with the DOTW management team to build a high -quality global business with a strong market position over the last four years.”   

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