TripStax set to acquire Hotelzon

TripStax, the dynamic business travel technology disruptor, has signed an agreement to acquire Hotelzon as of 1^st December 2022.

Established in 1972, Hotelzon is a leading B2B hotel booking platform providing efficient tools for over 370,000 users globally, including travel agencies, corporations and event management companies, to simplify the corporate hotel booking process. Over 1.5M properties are available on Hotelzon from multiple content sources including Booking.com and Expedia. Since 2014 Hotelzon has been a wholly-owned subsidiary of Travelport.

The strategic acquisition of Hotelzon 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.  Furthermore, the acquisition will mean TripStax can 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.

Launched to market earlier this year, TripStax is a fully connected modular stack of proprietary travel tech tools for TMCs. It is driven by ‘The Core’, a central data processing powerhouse which consumes, manages and enriches profile, booking and finance data across each module. Hotelzon will be integrated as an additional module complementing the existing cutting-edge applications used by TripStax customers, which include Analytics, Approve, Content, Docs, Mobile, Portal, Profile, and Track.

Hotelzon is the second acquisition made by TripStax, following its purchase of TapTrip earlier in the year.  Both deals form part of an ongoing strategy to continually improve the TripStax ecosystem and support growth ambitions.

The agreement also establishes a long-term strategic relationship between TripStax and Travelport whereby Hotelzon will continue to generate hotel bookings on Travelport+.

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,” continued Ramsey. “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.”

For further media information: Vanessa Aves, PR Consultant, email: [email protected], tel: +44 (0) 7721 413358