The business travel industry in 2022 may not have had the turbulent merger and acquisition environment seen in previous examples, but among the deals closed was JetBlue Airways’ bid for Spirit Airlines. There have been some big deals, like winning the war and Saber’s acquisition of virtual payments specialist Conferma. .
This year’s business travel M&A landscape also highlighted several other trends.
Hotel giant step up. In 2022, some of the largest U.S. hotel companies have made deals, including Marriott International’s entry into Mexico’s mid-price segment with the acquisition of the City Express brand, and Choice Hotels International’s Radisson Hotel Group Americas deal. . Hyatt Hotels Corporation continued its foray into the lifestyle segment with the agreed acquisition of Dream Hotels.
The decline of SPACs. Several major companies have announced plans to become publicly traded companies in 2021 through mergers with special purpose acquisition companies such as American Express Global Business Travel, Cvent, Sonder and Wheels Up. While each of these companies is currently listed, no new industry SPAC deals have been announced after Rocketrip’s parent company, Mondee, announced his January 3, 2022 announcement. In 2022, his SPAC deals in the larger corporate world decreased and increased as SPAC performance came under scrutiny. Scrutiny by regulators, according to The New York Times. In fact, a previously announced merger of two industry SPACs collapsed in 2022. HotelPlanner.com and Gett.
Below are all the mergers and acquisitions targeted by BTN and The Beat in 2022.
travel management company
JPMorgan Chase Acquires Frosh Travel Group
Hess Corporate Travel merges with Maupin Travel
TripActions Acquires Comtravo and Resia
Conlin Travel Parent Company NextTravel Acquires Menno Travel
Corporate Travel Management Acquires 1000 Mile Travel Group
ATPI Acquires The Travel Authority
Gray Dawes Acquires Ventur Travel
Reed & Mackay Acquires Atlanta Agencia de Viajes
JetBlue Airways Agrees To Acquire Spirit Airlines
Air India and Vistara agree to merge, invested by Singapore Airlines
Wheels Up Acquires Air Partner and Alante Air Charter
Vista Global acquires Jet Edge and Air Hamburg
Choice Hotels International Acquires Radisson Hotel Group Americas
Marriott International has agreed to acquire the City Express brand portfolio from Hoteles City Express.
Hyatt Hotels Corporation Agrees to Acquire Dream Hotels Group
Wyndham Hotels & Resorts Acquires Vienna House Brand from HR Group
Benchmark Pyramid Acquires Provenance Hotels
Blueground agrees to acquire Tabas
Flight Center Acquires Majority Stake in TPConnects
TripStax Acquires Hotelzon and TapTrip
Thoma Bravo Agrees to Acquire Coupa Software
Snowfall got Psngr1
CDS Groupe acquires Rydoo travel platform
Atriis Acquires reTravel.io
CIBT Acquires Viselio
costs and payments
Saber Acquires Conferma Pay
HRS Acquires Paypense
Aventri and MeetingPlay Merge to Acquire Eventcore
Cvent Gets Venue Directory
M&A in Europe
BTN’s sister publication, BTN Europe, has featured several additional deals for 2022. Read about them below.
travel management company
Talma Shlomo Travel Solutions Acquires Norad Travel Group
Chris Sellen Acquires Eaton Travel Group
Tristan Capital Partners Acquires Majority Stake in Raag Hotels
Ascot Limited Acquires Oakwood Worldwide
Palace Resorts Acquires Baglioni Hotels & Resorts
The European Commission has approved the merger of Eurostar and Thalys
DWS Infrastructure Acquires Stagecoach Group
CMAC Group acquired Suntransfers and Here & Dare.
Meetingselect Acquires Cyberdigma
Fleecor Agrees to Acquire Roomex
— Rob Gill of BTN Europe contributed to this report.
: who bought who in 2021