Dimitris Kontogiorgos, CEO of Airtickets, and Philipp Brinkmann, CEO of Tripsta, have announced the merger of the two online travel companies’ businesses.
This merger marks a significant shift in the hierarchy of major industry players in Europe, as the new company is the largest OTA (online tourism agency) in Southeast Europe and now one of the top five players in the field in Europe.
The merger aims to consolidate the technological side and the customer base of the two businesses, providing a more complex and extensive transport offering.
The status of the new company in the Greek market is significant, given that, following the merger, the newly created business becomes the most important in the e-commerce sector in Greece.
According to estimates, the new company will generate sales of over 500 million EUR.
As a result of the merger, Tripsta and Airtickets will continue to operate under their established brands, coordinated by Philipp Brinkmann as CEO and Dimitris Kontogeorgos as Chairman of the Airtickets Board. Following the merger, the two companies now have offices in Greece, Russia, Romania, Poland, Turkey, and Brazil.
Source: Daily Business
Frequently Asked Questions
What is the result of the Tripsta and Airtickets merger?
The merger creates the largest online travel agency in Southeast Europe and one of the top five players in Europe, with estimated sales exceeding 500 million EUR.
Will the Tripsta and Airtickets brands disappear?
No, both companies will continue to operate under their established brands while consolidating their technology and customer bases.
Where does the new company have physical offices?
The merged entity maintains a presence with offices in Greece, Russia, Romania, Poland, Turkey, and Brazil.