A sign of " sector rebounds with a bang "This is how the management of CDS interpret the major moves underway in the business travel sector in recent weeks. These include the acquisition of the travel business of Rydoo by the French business hotel marketplace. The former Sodexo Travel and its majority shareholder Marlin Equity now intend to focus on the Expense business, which remains in their fold, and to achieve 'critical mass', as stated by Sébastien Marchon : " This operation is a response to a twofold desire: to accelerate our development in the Expense business line, which is already experiencing very strong growth but has even greater potential. We therefore want to devote 100% of our investment and energy to this business line. Secondly, to enable Rydoo Travel to reach 'critical mass' more quickly than by simply growing organically in an industry where volume is a game changer "says Rydoo's CEO.
Europe's leading provider of hotel reservation solutions for business travellers
Clearly, as CDS management points out, " the two "pure player" players will focus on their respective areas of expertise and will continue to serve customers jointly on the Travel & Expense thanks to a strategic and commercial partnership ". And this will be achieved by forging a group with an estimated potential business volume of some 500 million euros, as underlined by Ziad Minkaraco-founder and CEO of CDS Groupe: " CDS Groupe's acquisition of Rydoo Travel fits perfectly with our strategy of accelerating the company's growth by strengthening its French leadership and consolidating its technology. The complementary nature of the company's positioning and customer portfolio will enable the new entity to make a significant impact on the French market. Potential business volume of €500 millionmaking it the de facto European leader in hotel reservation solutions for business travellers. "Ziad Minkara predicts.
the only French independent and agnostic player with the capacity to provide all the essential tools for today's TMCs to serve their Corporate and Public Sector customers
Other key figures: the French business hotel marketplace will list 150 employees, including around 60 developersCDS Groupe's Travel department will be run by Pierre Mesnage. Ziad Minkara has already defined the avenues for development - and investment: " We will capitalise by investing in all the solutions developed by Rydoo Travel, both the Self Booking Tool and the Hotel Booking Tool, to enable our strategic partner agencies to offer innovative solutions to the new international competition. ". The co-founder and CEO of CDS Groupe is delighted to embody " the only French independent and agnostic player with the capacity to provide all the essential tools for today's TMCs to serve their Corporate and Public Sector customers ".
