TBO Tek Limited , a leading travel technology company, has announced its financial results for the second quarter, showcasing robust growth across key financial metrics.

Financial Highlights

TBO Tek reported a significant year-on-year growth in its consolidated revenue, which increased by 26% to ₹568.00 crores. The company's Gross Transaction Value (GTV) increased 12% to ₹8,901.00 crores, driven by strong performance in APAC, MEA, and Europe markets.

Adjusted EBITDA before acquisition costs reached ₹104.00 crores versus ₹90.00 crores in the previous quarter, with margins improving to 18.32% from 16.56%. Profit after tax increased 12.4% to ₹68.00 crores.

Operational Highlights

• Monthly Transacting Buyers reached 30,662, up 8% year-over-year, with international buyers growing 23.6%.
• The Hotels & Ancillaries segment grew 20.4% and now accounts for 64% of GTV and 87% of Gross Profit.
• The company completed the acquisition of Classic Vacations for $125.00 million and recorded one-time acquisition costs of ₹13.15 crores.

Segment Performance

TBO Tek's financial results reveal strong performance across its business segments, with the Hotels & Ancillaries segment emerging as a key driver of growth.

Future Outlook

Management highlighted broad-based growth across regions and early signs of stabilization in the India business after previous headwinds. The company's strong financial performance, particularly in the hotels and ancillaries segment, indicates potential for continued growth.

TBO Tek's ability to maintain double-digit growth in both revenue and net profit amidst evolving market conditions demonstrates its resilience and strong market position in the travel technology sector.

TBO Tek Limited , a global travel distribution platform, has announced the completion of a significant acquisition in the US luxury travel market. The company has successfully acquired 100% ownership of Classic Vacations, LLC for $125.00 million, marking a strategic move to strengthen its presence in the premium travel sector.

Acquisition Details

The acquisition was executed through TBO Tek's wholly owned subsidiary, TBO LLC. To finance the deal, the company utilized a combination of funding sources:

• Inter-corporate loans
• Internal accruals
• Credit facilities backed by corporate guarantees

Classic Vacations: A Luxury Travel Powerhouse

Classic Vacations brings a wealth of experience and market presence to TBO Tek:

• Over five decades of legacy in the US luxury travel market
• Serves more than 10,000 travel advisors
• Specializes in premium white-glove service across various travel segments:
  • Hotels
  • Air travel
  • Experiences
  • Car rentals
  • Travel protection

Operational Continuity

TBO Tek has emphasized that Classic Vacations will maintain its operational independence:

• The company will continue to operate as an independent brand
• Melissa Krueger will remain as CEO
• The existing leadership team will be retained

This approach aims to preserve Classic Vacations' established market position and client relationships while benefiting from TBO Tek's global network.

Strategic Implications for TBO Tek

The acquisition aligns with TBO Tek's broader strategic vision:

• Aims to become one of the largest global travel-tech platforms
• Expands TBO's presence in the premium outbound travel market
• Enhances the company's service offerings in the luxury travel segment

TBO Tek's Global Reach

TBO Tek operates a vast travel distribution platform:

• Connects over 159,000 travel buyers
• Links with 1 million travel suppliers
• Operates across more than 100 countries

This extensive network positions TBO Tek as a significant player in the global travel technology landscape.

The acquisition of Classic Vacations represents a major step for TBO Tek in expanding its market reach and service capabilities in the high-value luxury travel sector, particularly in the United States. By maintaining Classic Vacations' brand identity and leveraging its established reputation, TBO Tek is poised to strengthen its position in the global travel market while enhancing its offerings in the premium travel segment.