Qantas buys remaining stake in TripADeal

Thursday, 12 Jun, 2024 0

Qantas will acquire the remaining 49% stake in online travel company TripADeal, to take full control of the Australian business.

Qantas bought a majority stake in TripADeal in 2022.

It was a deal to enable Qantas loyalty members to earn and use Qantas Points on holiday packages marketed by TripADeal.

The remaining 49% is valued at $211 million and the transaction expected to be completed by the end of this month.

Qantas says cost and revenue synergies will result in at least $50 million annually over time.

To mark the deal, Qantas loyalty members will get a 30% discount on TripADeal bookings made with Qantas points.

The airline says TripADeal will continue to operate as an independent business, and will still work with other travel partners and airlines.

The travel platform recently launched cruise bookings.

Learn more about : Qantas ( Asia Pecific )

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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