GuestLogix, which filed for creditor protection under Canada’s Companies’ Creditors Arrangement Act, has sold OpenJaw Technologies to Travelsky, the state-owned Chinese firm known for its field of global distribution of Chinese travel. OpenJaw is a provider of travel distribution software solutions, while Travelsky is the global distribution source for Chinese companies in the travel industry. The transaction does not include any assets of GuestLogix’s on-board business and the deal is valued at $38.5m, after closing adjustments, but prior to transaction fees and associated expenses.
Approach Tours Takes Its All-Inclusive Model to the Water with New Cruise Portfolio
Leading senior Canadian travel operator Approach Tours has unveiled its new cruise portfolio, marking its expansion into ocean expedition and...
Read moreDetails
