Destinations of the World and BICO Trip join forces

SEOUL - Destinations of the World (DOTW), a leading global wholesale travel company, has acquired BICO Trip, a major player in the Asian accommodation wholesaler sector.

The combined business will offer its customers access to over 150,000 properties worldwide, with more than 37,000 properties contracted directly. The group’s supply partners will benefit from a significant increase in scale and diversity of distribution, covering the industry’s highest growth markets. With a strategic focus on expansion in Asia Pacific, the combined business will benefit from a large regional footprint with offices in nine countries, facilitating the delivery of a fully localized service for both customers and suppliers in all of its core markets across the region.

James Burdett, Chief Executive Officer of Destinations of the World said: “BICO have built a business with an enviable position in complex markets with high barriers to entry. These markets play a pivotal role in regional travel and are highly complementary with our existing destination and distribution strengths. We look forward to working with Jackie and the BICO team to further strengthen our position in Asia Pacific and deliver the synergies that make our companies a perfect fit.”

Jackie Lee, Chief Executive Officer of BICO Trip commented: “DOTW brings a significant global product strength and diversity to our customers and will give our suppliers access to a truly global distribution platform. This enhanced proposition will enable us to accelerate growth across our key markets and take the company to the next level. We are excited to be on this journey with DOTW and look forward to working with James and his team.”

sourced:traveldailynews.asia