TripStax has signed an agreement to acquire B2B hotel booking platform Hotelzon from Travelport and will retain all of its 18 staff worldwide.
Established in 1972, Hotelzon provides hotel booking tools for over 370,000 users globally, including travel agencies, corporations and event management companies.
Over 1.5 million properties are available on Hotelzon from multiple content sources including Booking.com and Expedia.
The agreement also establishes a long-term strategic relationship between TripStax and Travelport because Hotelzon will continue to generate hotel bookings on Travelport+.
Hotelzon has been a wholly-owned subsidiary of Travelport since 2014.
An announcement said the strategic acquisition will enable TripStax to “bolster its tech offering of connected proprietary business travel modules with a fully-integrated hotel booking tool for TMCs and corporates direct”.
It said the move will also allow TripStax to consume and manage hotel booking data from multiple channels within its existing TripStax Content module for the first time.
This module already aggregates and normalises air content from GDS and non-GDS sources via a single API.
TripStax purchased TapTrip earlier in the year, also as part of its ongoing strategy to continually improve the TripStax ecosystem and support growth ambitions.
Jack Ramsey, CEO TripStax, commented: “Since its conception, TripStax has been on the look-out for acquisitions which add relevant and complementary tech to its already powerful stack of business travel management modules. We are excited about the acquisition of Hotelzon as it gives us a solid opportunity to fully integrate a hotel booking module within the TripStax proposition, as well as add a serious hotel flavour to the TripStax Content module, over and above its existing air content.
“We are also excited to welcome the hugely experienced Hotelzon team to the TripStax business and plan to further invest in the team to strengthen existing customer and supplier relationships and realise the full potential of this joint opportunity.
“Our priority first and foremost though is to ensure continuity for existing customers and suppliers, making sure they have what they need, and so we will be focusing consolidating and integrating Hotelzon as smoothly as possible.”