BCD Travel acquires World Travel Service Inc. as part of ongoing growth strategy
ATLANTA, May 19, 2015 – BCD Travel today announced it has acquired Knoxville, Tenn.,-based World Travel Service Inc., one of the largest corporate travel agencies in the U.S.
“As a respected travel management company with a strong focus on mid-market corporate customers, World Travel fits our culture and growth goals very well,” said Craig Bailey, BCD Travel’s president of North America. “This acquisition shows our clear intent to continue to aggressively pursue growth opportunities and acquisitions that benefit our clients by strengthening our position as a leader in corporate travel well into the future.”
Incorporated in 1946, the privately owned World Travel is the 13th largest corporate travel agency in the U.S. with more than 100 employees, a diverse portfolio of clients and annual sales of over $330 million. Focusing on corporate travel management as its core business, World Travel also operates a rapid-growing, award-winning meeting and incentive group called Liaisons Meetings & Incentives. The agency has operated as a BCD Affiliate since 2002.
“We’ve established close working relationships with BCD Travel leadership,” said Lamar Shuler, president of World Travel Service. “Together we will continue to thrive, producing value for our customers, shareholders and our staff—who will have greater exposure to how a global company operates and more paths for long-term career growth.”
The World Travel purchase is the latest in a series of investments BCD Travel has made in recent years to grow business, extend its global network and help businesses leverage the latest innovations for their travel programs.
Other significant BCD investments include the purchase of Tbiz from Travelocity, development of substantial proprietary platforms in business intelligence (DecisionSource®) and mobile technology (TripSource®), establishment of a new joint venture in Brazil and the acquisition by BCD M&I of Raleigh, N.C.-based Universal Meeting Management.
World Travel will continue operating under their brand as a business unit of BCD Travel.
About BCD Travel
BCD Travel helps companies make the most of what they spend on travel. We give travelers innovative tools that keep them safe and productive, and help them make good choices on the road. We partner with travel and procurement leaders to simplify the complexities of business travel, drive savings and satisfaction, and move whole companies toward their goals. In short, we help our clients travel smart and achieve more. We make this happen in 109 countries with a global client retention rate of 98%, the highest in the industry. For more information, visit www.bcdtravel.com.
About BCD Group
BCD Group is a market leader in the travel industry. The privately-owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management and its subsidiary BCD Meetings & Events, global meetings and events agency), Park ‘N Fly (off-airport parking) and Airtrade (consolidation and fulfillment). For more information, visit www.bcdgroup.com.