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Webjet acquires Destinations of the World to become 2nd largest global B2B player

Webjet Limited (Webjet) has acquired Dubai─based Destinations of the World (DOTW) for USD 173 million. This acquisition will solidify its accommodation wholesale division, WebBeds' position as the #2 B2B player globally and DOTW will join the JacTravel, TotalStay, Sunhotels, Lots of Hotels and FIT Ruums brands in the WebBeds business. Australian Securities Exchange─listed Webjet is acquiring DOTW from Gulf Capital, the largest private equity firm in the Middle East, its founder and its management team, who will retain a shareholding in the enlarged Webjet Group.

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