BCD Travel Acquires Stake in TUI Reisecenter

Travel News Asia Latest Travel News Podcasts Monday, 16 February 2009

BCD Travel has expanded its European operations by acquiring an ownership stake in current Austrian partner TUI Reisecenter Austria Business Travel GmbH, headquartered in Salzburg.

TUI Reisecenter, which operates in the Austrian corporate travel sector as BCD Travel and has its main business travel center in Vienna, serves a range of industry-leading corporate customers, with annual sales nearing US$24 million (18 million euros).

Dr. Klaus Pmpel, CEO of TUI Austria Holding GmbH, said, We are excited by the decision to forge a strategic partnership with BCD Travel. In todays global marketplace, we appreciate the value of further aligning ourselves with a company that understands the importance combining global reach and purchasing power with local expertise and flexibility for its customers.

TUI Reisecenter has been ranked among Austrias top five travel management companies since 2001, and has been a driving force in assisting BCD Travel customers with multinational implementations for regional accounts.

Ilona De March, BCD Travels president for EMEA, said, This move sends a strong signal to the European and international markets that as a global player in the corporate travel management industry, BCD Travel is committed to being where our customers need us to be, with owned presence in key markets, and uniformly excellent service in all of them.

BCD Travel simplifies and streamlines the corporate travel process, helping companies manage and control the movement of its people, information and resources. The company focuses on implementing an integrated, seamless technology platform throughout all global locations to provide full access to and analysis of travel data for these clients. Clients can take advantage of BCD Travels presence and technology infrastructure to track every trip, every traveler and the costs incurred throughout every journey.

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