BCD Travel increases ownership stake in its Dubai partner
Utrecht, Netherlands, 12 March 2014 – BCD Travel has increased its ownership stake in its long-time partner in Dubai, the company announced today.
AW Rostamani is one of the United Arab Emirates’ largest and oldest family business conglomerates. The company operates as BCD Travel LLC for its business travel. First partnering with BCD Travel in 2006, the Dubai travel agency maintains 3 offices in Dubai and one in Abu Dhabi. In addition, the agency maintains onsite teams of travel consultants at multiple corporate offices.
“Our increased investment in BCD Travel LLC signals a long-term commitment to one another by both our companies,” said Stephan Baars, BCD Travel global chief financial officer. “In addition to boosting our influence over how to grow this key market, greater ownership in BCD Travel LLC also promises a healthy return that we can invest where needed. That will help us respond to national, multinational and global client needs — and to invest in innovation.”
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About BCD Travel
BCD Travel helps companies make the most of what they spend on travel. For travelers, this means keeping them safe and productive, and equipping them to make good choices on the road. For travel and procurement managers, it means advising them on how to grow the value of their travel program. For executives, we ensure that the travel program supports company objectives. In short, we help our clients travel smart and achieve more. We make this happen in 97 countries with 11,000 creative, committed and experienced people. And it’s how we maintain an industry-leading client-retention rate of more than 97%, with 2013 sales of US$ 22.4 billion. More about BCD Travel »
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), Travix (online travel: CheapTickets, Vliegwinkel, BudgetAir and Vayama), Park 'N Fly (off-airport parking), Parkmobile International (mobile parking and traffic applications) and joint ventures Airtrade (consolidating and fulfillment) and VakantieXperts (leisure travel). BCD Group employs over 12,000 people and operates in almost 100 countries with total sales, including US$ 9.2 billion partner sales, of US$ 24 billion. More information about BCD Group »
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