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Qantas joins existing shareholders, the founders of TripADeal and private equity firm BGH Capital, which bought a stake in 2020. The full terms of the all-cash purchase are commercial in confidence.
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Qantas' 51pc ownership of TripADeal has caused the firm's revenue to double Qantas' partnership with TripADeal has lifted sales for the Byron Bay-based business. Picture: AFP By robyn ironside Aviation Writer 6:59PM July 18, 2023 Comments
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Australian national carrier Qantas has announced to expand its online holiday booking market with majority share acquisition in TripADeal, a Byron Bay based online travel business was established in 2011 by co-founders Norm Black and Richard Johnston specialising in packaged holidays with set itineraries including flights, hotel accommodation an.
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May 24 (Reuters) - Australia's Qantas Airways (QAN.AX) said on Tuesday it would buy a 51% stake in online travel agency TripADeal for an undisclosed amount, as it seeks to tap a recovery in.
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Founded in 2011 by Byron Bay shop owners Norm Black and Richard Johnston, TripADeal offers "bucket list" tours, cruises and resort escapes with set itineraries including flights and hotel accommodation.
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Qantas has announced it has bought a 51 per cent stake in Byron Bay-based online travel business TripADeal, with plans to "significantly grow the company's revenue through a close partnership with Qantas Loyalty." Qantas says Frequent Flyers can now use their points on a huge range of holiday packages in a deal that sees the national carrier.
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TripADeal was founded in Byron Bay in 2011 by Norm Black and Richard Johnston and currently employs about 100 people. The founders sold a controlling stake to private equity firm BGH Capital in 2020. Speaking to the Herald and The Age, Black said the deal's size was "up there". "The numbers are very significant," he said.
Tripadeal Review A Customer's Perspective Best travel apps, Trip planning, Travel
TripADeal co-founders Norm Black (left) and Richard Johnston (right) started the business as a two-man start-up in Byron Bay. Credit: Natalie Grono "[Co-founder] Richard [Johnston] was actually.
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Tripadeal, an online travel agent with 60,000 pre-bookings to deal with when COVID-19 hit, has sold a 55 per cent stake to BGH Capital in what it is calling an aggressive move to make.
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Our Story Back in 2010, two Byron Bay shop owners came up with an idea while on holiday that would shake up the travel scene. The premise was simple: to offer bucket list travel experiences in Australia and around the globe at prices that were accessible to everyone.
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Lucas Baird Reporter May 24, 2022 - 9.03am Qantas will keep chasing inorganic growth opportunities like its investment in Byron Bay-based booking website TripADeal as the travel market revives.
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About TripADeal. As of May 24th, 2022, Qantas Airways acquired a majority stake in TripADeal. The terms of the transaction were not disclosed.TripADeal aims to help travelers find great deals and holiday packages at locations around the world. It was founded in 2011 and is based in Byron Bay, New South, Wales.
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Who owns TripADeal? TripADeal is owned by Qantas Airways. It was acquired on May 24, 2022. TripADeal Business Overview Where is TripADeal headquartered? TripADeal is headquartered in Byron Bay, Australia. What sector is TripADeal in? TripADeal is an internet software and services company. When was TripADeal founded? TripADeal was founded in 2011.
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By Linda Fox | May 26, 2022 Qantas has acquired a 51% stake in online travel business TripADeal for an undisclosed sum. The Australian carrier wants to boost its leisure offering to loyalty program members through the acquisition of TripADeal, which is also based in Australia.
Qantas announces major change to Frequent Flyer points with TripADeal stake
Qantas acquires stake in TripADeal Leave a Comment / By Adele / 25 May 2022 Qantas Frequent Flyers can now use their points on a huge range of holiday packages in a deal that sees the national carrier take a majority shareholding in the Australian-made travel business, TripADeal.
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TripADeal founder and co-CEO Norm Black said: "Matt has proven to be a real asset to our business. "The last 12 months, in particular, presented a number of significant challenges for our team.
