Travelocity acquires Full Ownership of ZUJI

In a move that further strengthens its global presence and positions it for additional growth in the Asia Pacific region, Travelocity has acquired complete ownership of ZUJI, an online travel company in the Asia Pacific region. ZUJI has operations in Australia, Hong Kong, Korea, New Zealand, Singapore and Taiwan.

Travelocity and its affiliates previously owned, directly and indirectly, approximately 13.63% of ZUJI. In the transaction completed in Singapore today, Travelocity purchased the remaining shares in ZUJI from Abacus International and AGC Holdings, a consortium of 15 airlines in the region, giving Travelocity 100% ownership of ZUJI. The purchase price was approximately US$34 million.

“It is a natural progression for Travelocity to take full ownership of ZUJI and the purchase positions us nicely for future growth in the fast-growing Asia Pacific region and Scott Blume and his team have done a great job building a premier online travel brand and we are excited to have them fully in the Travelocity family,” said Michelle Peluso, Travelocity President and CEO. “This acquisition, coupled with our acquisitions in Europe last year, demonstrates how we are continuing to expand the Travelocity network globally.”

ZUJI’s CEO Scott Blume said that this acquisition highlighted ZUJI’s potential for growth and its unique position as a leader and innovator in online travel in the region. He also said that the change in ownership would not adversely impact the day-to-day operations of ZUJI teams, websites, nor its supplier relationships or customer bookings.

“We look forward to taking advantage of the technology and innovation Travelocity will provide ZUJI as we work to offer customers even more travel choices, greater value, and some clever packaging features when they book on ZUJI,” Blume said.

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