TTI Travel has purchased MeritBiz, the corporate travel management division of H.I.S-Merit Travel Group. The acquisition was jointly announced by Rocky Racco, CEO of TTI Travel and Frank DeMarinis, CEO of H.I.S-Merit Travel Group and H.I.S-Red Label Vacations Inc.
"For over a quarter of a century, MeritBiz has built a well-earned reputation of providing leading travel management services to professional enterprises," said Racco.
"In addition to the personalized service to which their clients and travellers have become familiarized, soon, there will be new benefits that come with being part of the TTI Travel Community," he added.
TTI is the exclusive Canadian affiliate of global TMC BCD Travel, which has offices in over 109 countries and more than $34 billion in sales.
Racco says the acquisition comes at a challenging time for the industry, which continues to operate in an uncertain environment.
"I believe this acquisition will enhance the collective value and service we offer clients, suppliers, and partners and create real growth opportunities. This is a great opportunity for TTI as we move into 2022 to increase our support for our customers around the world as the market returns to pre-Covid-19 levels. This also allows us to expand and diversify our business in this new normal environment."
Frank DeMarinis, CEO of H.I.S-Red Label Vacations Inc., also commented on the sale:
"MeritBiz has always been a service-based business that flawlessly executed its deliverables for over 30 years. TTI Travel's calibre and proven track record in corporate travel solutions made it clear that they would be the right fit to continue servicing MeritBiz clients and travellers. With a solid understanding of our products and market, we're confident TTI Travel has the proper operational skills to deliver continued growth and great success for MeritBiz."
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