Flight Centre Travel Group has acquired tour operator Scott Dunn to the tune of US$211 million.
Scott Dunn, a luxury-focused tour operator with offices in the UK,
the US and Singapore, offers custom vacations to more than 100
The Scott Dunn brand will remain in place, as will its management team, including CEO Sonia Davies.
Graham Turner, Flight Centre's managing director, said the agency was
attracted to Scott Dunn because of its customer service and
high-quality products as well as other positives, like its image.
"We see this brand and business as our opportunity to grow our
leisure presence in the large UK and US markets, and the presence in
Singapore further cements its distinctive offering in an attractive and
growing segment in which third-party travel services are highly
desired," said in a statement.
"Cash-rich, time-poor customers highly value the services of Scott Dunn, and competitive forces are weaker."
Davies said the tour operator will continue to focus on growth in the US and Singapore on top of its strength in the UK.
"We're excited to continue our journey and embark on a new era of
growth as part of the Flight Centre Travel Group," she said in a
statement. "We will continue to put our guests at the heart of
everything we do as we deliver fantastic vacations at every life stage."
Source: Travel Weekly