InteleTravel has strategically acquired a majority stake in Major Travel, aiming to fortify its position within the UK travel industry. This acquisition is poised to generate substantial advantages for both entities.
The unification of InteleTravel’s extensive network and Major Travel’s market expertise is expected to empower UK agents in their competition against direct-sell operators. This partnership is set to boost opportunities for all involved.
Strategic Acquisition for Market Growth
In a decisive move to strengthen its foothold, InteleTravel has acquired a majority interest in Major Travel, a firm renowned for its bespoke travel solutions. This acquisition underscores the commitment to leveraging synergies to create significant value for agents within the sector.
Major Travel, based in North London, with ATOL certification for almost 12,000 passengers annually, is set to expand its team by December. With a reported turnover of £25 million and a staff count of 32 in the 12 months to March 2023, the firm is well-positioned for growth.
Enhanced Buying Power and Operational Autonomy
The acquisition grants Major Travel enhanced purchasing power through access to InteleTravel’s worldwide agent community. This strategic advantage allows the company to forge exclusive supplier contracts, further distinguishing it from competitors.
InteleTravel emphasises that despite this integration, Major Travel will retain its operational independence, ensuring continuity in its established business practices while benefiting from broader market access.
According to InteleTravel, this move will facilitate a competitive environment for UK agents, enabling them to challenge direct-sell operators more effectively.
Innovative Business Expansion Plans
InteleTravel plans to integrate Major Travel’s tailored premium and luxury offerings into its existing booking systems.
This enhancement seeks to open new revenue streams and increase profitability for its expansive network of 20,000 agents across the UK and Ireland.
Leadership and Vision
Major Travel Managing Director, Qasim Gulamhusein, affirms his continued leadership role alongside his shareholding retention. Under his guidance, Major Travel is projected to become the UK’s preeminent trade-exclusive tour operator within five years.
Gulamhusein aspires to not only enhance the product range available to UK travel agents but also to expand their expertise with an increased number of in-house specialist advisors.
This leadership continuity is seen as pivotal in maintaining the company’s growth trajectory.
Competitive Market Shift
By expanding purchasing power, Major Travel aims to secure exclusive agreements with airlines and hotels globally. This strategic positioning is expected to challenge the market dominance of direct-sell operators.
In an ambitious move, Major Travel is set to launch in Ireland in 2024, with plans for North American operations by 2025.
James Ferrara, InteleTravel’s co-founder, describes the acquisition as a pivotal step towards their goal of being a leading integrated force in the UK travel market.
Commitment to Partner Principles
InteleTravel’s business model focuses on maintaining strong partnerships, aiming to amplify rather than divert revenue streams. This loyalty to existing partners reinforces trust and bolsters collaborative opportunities.
As part of its commitment, InteleTravel announced plans to introduce its full-service operations in North America and extend its reach in Ireland, signalling robust growth ambitions.
Conclusion
InteleTravel’s strategic acquisition of Major Travel marks a significant stride in the evolution of the UK travel industry.
This partnership is expected to not only enhance market competitiveness but also provide expansive growth opportunities for both entities.
InteleTravel’s acquisition of a majority stake in Major Travel demonstrates a forward-thinking strategy aimed at reinforcing its market leadership.
By integrating strengths and expanding capabilities, both companies are set to flourish, providing unparalleled value to UK travel agents and enhancing the competitive landscape.
