dnata Acquires Stake in Destination Asia Group

Dnata announced today it has reached an agreement to purchase a stake in the Destination Asia Group.

Destination Asia is an integrated destination management company (DMC) located in 11 countries in Asia including Thailand, Vietnam, China, Japan, Myanmar, Vietnam, Hong Kong, Singapore, Malaysia, Cambodia and Laos. The company was formed in October 1996 in Thailand and Vietnam and has progressively expanded to cover all of the major markets in Asia.

Destination Asia will become part of dnata’s family of travel businesses, which includes Stella Travel Services, Gold Medal Travel Group, Travel Republic, and additional investments in Hogg Robinson Group.

The stake in Destination Asia follows other recent high-profile transactions by dnata in travel, including a majority stake in Imagine Cruising in 2015.

“Our stake in Destination Asia opens the door to business opportunities in new markets, and will strengthen dnata’s position as a global player in travel,” said Iain Andrew, Divisional Senior Vice President of dnata’s travel business. “Already a valued partner to dnata, the Destination Asia Group has an impressive track record, in-depth regional expertise and a strong network. In Destination Asia, we have found a great partner who shares our passion for excellence, and we are confident that we will reap success from this relationship.” 

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