Flight Cen­tre ex­pan­sion

Townsville Bulletin - - BUSINESS DAILY -

TRAVEL group Flight Cen­tre has ac­quired a Mex­i­can travel op­er­a­tor and a Thai­land- based ho­tel op­er­a­tor as it ex­pands its des­ti­na­tion travel net­work for an undis­closed sum.

The ac­qui­si­tions in­clude Olym­pus Tours, which op­er­ates in Mex­ico, the Do­mini­can Re­pub­lic and Costa Rica, and Be­spoke Hos­pi­tal­ity Man­age­ment Asia, which man­ages 14 ho­tels in Thai­land and has an­other 19 prop­er­ties un­der de­vel­op­ment. The Olym­pus buy will give Flight Cen­tre a pres­ence in the Amer­i­cas des­ti­na­tion man­age­ment mar­ket, while the Thai ac­qui­si­tion pro­vides a lowrisk en­try into the ho­tel man­age­ment sec­tor, man­ag­ing di­rec­tor Gra­ham Turner said in a state­ment yes­ter­day.

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