A sign of a ” boom in the sector “: that’s how CDS management interprets the major maneuvers underway in the business travel sector over the past few weeks. The French business travel marketplace has acquired Rydoo’s travel division. The former Sodexo Travel entity and its majority shareholder Marlin Equity now intend to focus on the Expense business, which remains in their fold, and to reach “critical size”, as Sébastien Marchon indicates: ” This operation responds to a dual desire: to accelerate our development in the Expense business line, which is already experiencing very strong growth, but whose potential is even greater. We therefore want to devote 100% of our investments and energy to this business line. Secondly, to enable Rydoo Travel to reach a ‘critical size’ more quickly than by simple organic growth in an industry where volume is a ‘game changer’ “, predicts the CEO of Rydoo.

the european leader in hotel reservation solutions for business travel

Clearly, as CDS management indicates, ” the two pure players will focus on their respective areas of expertise and will continue to serve customers jointly on the Travel & Expense side thanks to a strategic and commercial partnership. And this by forging a group whose potential is estimated at some 500 million in business volume, as Ziad Minkara, co-founder and CEO of CDS Group, points out: ” The acquisition of Rydoo Travel by CDS Group is perfectly in line with our strategy: acceleration of the company’s growth by strengthening its French leadership and technological consolidation. The complementary nature of the company’s positioning and customer portfolio will enable the new entity to reach a potential business volume of €500 million, making it the de facto European leader in hotel reservation solutions for business travel,” said Ziad Minkara.

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 important figures: the French business hotel marketplace will have 150 employees, including around 60 developers, with the CDS Group’s Travel department entrusted to Pierre Mesnage. Ziad Minkara has already defined the development and investment paths, explaining: ” We will capitalize by investing in all the solutions developed by Rydoo Travel, both the Self Booking Tool as the Hotel Booking Tool in order to allow strategic partner agencies to offer innovative solutions to the new international competition “. The co-founder and CEO of CDS Group is proud to be ” the only French independent and agnostic player with the ability to provide all the essential tools to today’s TMCs to serve their Corporate and Public Sector clients “.