Amadeus sells Opodo to AXA and Premira for 500m Euro
10 February, 2011 by Martin Kelly
Amadeus IT has sold Opodo, its European Online Travel Agency, to AXA Private Equity and Permira Funds for €500m, 11.7 times 2010 pre-tax earnings in a deal brokered by JP Morgan. The agreement includes a 10-year contract for Amadeus to provide Global Distribution Services to Opodo and two other OTAs, eDreams and GoVoyages, also controlled by Permira Funds and AXA Private Equity. The agreement is subject to regulatory approval.
Just one week until No Vacancy SEA, Asia's most dynamic hotel event, in Bangkok on June 25.
The issues-based, info-packed conference is unique in the way it mixes the online and offline worlds.
This year's Southeast Asian conference is based around the concept of 'Beyond Price' and is full of relevant topics, speakers and information.
Marketing, distribution, consumers, pricing, internet, design, innovation, market analysis, technology and mobile are, as always, key themes.
Confirmed speakers include:
- Scott Blume, CEO, Wotif Group
- Bill Barnett, Director, C9 Hotelworks
- Javier Cedillo-Espin, VP Comms and Loyalty, Accor Asia Pacific
- Daniel Fraser, Director, Smiling Albino
- Anthony Green, Digital Director, QUO Global
- Nalin Kalayanamitr, Marketing & Sales Strategies Manager, Lub d Bangkok Hostel
- Bambos Kaisharis, Industry Head, Travel, Southeast Asia, Google
- Tomas Laboutka, CEO & Co-Founder, HotelQuickly
- Max Lambert, Co-Owner, Vietnam Backpacker’s Hostels
- Andrew Langston, VP Hotels Operations APAC, Banyan Tree
- Clint Nagata, Founder and Creative Director, BLINK Design Group
- Stephen O'Dell, Director, SODA
- Lothar Pehl, SVP Operations and Global Initiatives, Starwood Hotels and Resorts AP
- Rob Rosenstein, CEO, Agoda
- Nikki Scott, Publisher, SEA Backpacker
- Tejinder Sidhu, VP Sales & Marketing, Compass Hospitality
- Tarandeep Singh, Director Revenue Management For Hire - AMEA, InterContental Hotels Group
- Karthik Siva, Chairman, Global Brand Forum
- Brendan Sobie, Chief Analyst SEA, Centre for Asia Pacific Aviation
This is quick shout out for ideas, speakers, sponsors and feedback for TRAVELtech, which was founded way back in 1999.
That would be the decade before last. A long time ago. Prehistoric in tech and travel terms, so time to change things up.
The big news is that TRAVELtech 2013 will be staged over two days - September 12 & 13 - instead of the traditional one.
The first day - the new day - will be all about travel technology with the content aimed at those working in the industry's growing IT sector.
Day two will address online travel, e-commerce, distribution, digital marketing, mobile, social media, web trends and other key issues.
In other words, day two is the "traditional" TRAVELtech program which has worked so well over the past few years.
The idea is to reboot TRAVELtech and broaden its appeal without losing program focus,which we'll be able to do by having two distinct days.
This modular approach will also be reflected in tickets and pricing.
Delegates can buy individual day tickets or a two day pass at a reduced rate, depending on what they interested in, and details on that will be available in early June.
Meanwhile, we are seeking speakers, sponsors, supporters and program ideas - or variations on all of those themes.
So please get in contact, let me know your thoughts, no matter how random they may be.
You can call on (02) 9882-1575 or shoot through an email: email@example.com
Thanks for your time and hope to hear from you soon.