Flight Centre expansion

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.