Thursday,  September 23, 2021  11:56 am

Etraveli divests its Huntington business in Canada & USA

  • Agency
  •   01-08-2021  7:23 am
  •   Pax Global Media

Etraveli divests its Huntington business in Canada & USA
Pax Global Media

An investment syndicate has acquired Huntington Travel, Escapades by Huntington and Huntington Travel USA from Etraveli Group AB.

The three companies are all now part of a new company called Huntington Travel Holding Inc. (HTH).

HTH plans to spend the coming months ensuring business as usual at Huntington Travel and its subsidiaries, according to a Jan. 7 release.

Kiran Budhdev, current CEO, will continue to lead the company and its subsidiaries in the interim.

Budhdev expressed his excitement in learning that the new owners acknowledge the Huntington brand value and the service model provided by the existing Huntington team.

“Travel agency and airline partners will continue to enjoy the excellent relationships they have experienced with Huntington over the last 48 years,” said Budhdev.

Travel industry executive Ravi Kumar joins the Huntington team as COO.

Kumar brings extensive experience in air consolidation with successful long tenures at major consolidators and TMCs in Canada.

“COVID-19 has affected every business in travel; however, Huntington has been recognized for its great service to its customers and partners during these difficult times,” said Kumar. “At Huntington, we believe in being a long-term valuable partner to the travel industry community.”

Mathias Hedlund, CEO of Etraveli Group, said “the company was looking to divest its consolidator business, Huntington Travel, along with the subsidiaries and found a good home.”

“We are pleased that Huntington will continue to service its clients and supplier partners with the high standards the Huntington brand is known for,” said Hedlund.

Huntington Travel has been voted one of the top three consolidators in Canada for many years and has been in operation since 1973.

Their extensive global airline partnerships and longevity within the industry has made them a leading airline consolidator in the Canadian and U.S. markets.

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