Customers per year: 14 million
Annual average growth: 25%
Booking value 2018: €3bn
Owner: CVC Capital Partners
Etraveli Group is a leading e-commerce group within online travel, sprung from the merger of Swedish company Etraveli and Greek company e-Travel. Offering a broad range of flights, accommodation and other travel-related services, the group is active in 70 countries with brands such as Supersaver, Flight Network, Gotogate, Mytrip.com and the price comparison site Flygresor.se. While their headquarters are located in Uppsala, they also have offices in Athens, Gothenburg, Stockholm, Toronto and in several cities in India, as well as outsourced operations in India, China and the Philippines. Since 2017 Etraveli Group is owned by private-equity firm CVC Capital Partners.
Before the expansion to Greece and Canada, when Etraveli Group was still just a regional player in Scandinavia, Gotogate was the brand used to establish its international presence, operating in a large number of markets and doing especially well in France and the UK. In a sign of things to come, in 2015 Gotogate spearheaded the efforts to reach a greater audience by introducing 15 new markets, among them Australia, Japan and Singapore. Today, it’s the most successful brand of the Group and that trend looks set to continue.
Flygresor.se is Sweden’s largest price comparison website for flights, where you can search and compare prices from online travel agencies and airlines. The company is a part of Etraveli Group, which also owns brands such as Gotogate and Mytrip.com. Flygresor.se exists in local versions in Norway, Denmark, Germany, France, Australia, South Africa and Ireland.
Supersavertravel is one of the Nordic region’s biggest online travel agents. Founded in 2006, the company now has websites in 20 countries, including Denmark, Norway, Finland, the U.S., Canada and Great Britain. On all markets except Sweden, the brand goes by the name of Supersaver. It’s part of Etraveli Group, the owner of another 20 brands, a company which sold travel-related services for a value of EUR 3 billion in 2018.
Seat24 was founded in 2000 in Uppsala as one of the first companies to offer online booking of air travel. In nineteen years, the company has grown to become part of one of the leading online travel agencies in Europe. Today, Seat24 is established in Sweden, Norway, Denmark, Finland and Germany, as part of the group Etraveli, which owns another 20 brands.
Operating out of Athens, Greece, Mytrip.com gives travellers access to a broad selection of travel products and services online – from flight tickets and accommodation to hire cars and insurance. Launched as late as the fall of 2014, they have already expanded their presence to 40 markets and languages and were the largest of the e-Travel brands at the time of the merger with Etraveli. They serve many different consumer segments, offering products and services designed to meet any requirement; everything from weekend getaways to family vacations and frequent business travel.
Founded in 2005, Pamediakopes.gr was the first of the e-Travel brands to see the light of day. Through their search engine travellers have access to a broad selection of online travel products and services, ranging from airline tickets and hotel reservations to car rentals, ferry tickets and insurance products. With the aid of a large number of partners, they aim to find the right offer for every traveller and occasion; whether it’s just a quick shopping trip over the weekend, a long family holiday or a ferry ride to the Italian seaside.
Active on the Russian market since 2011, Trip.ru provides convenient solutions for travellers when it comes to flights, hotels and car rentals. Currently available in 35 languages and with close to half a million customers, they are one of the largest online travel agencies in Russia and Eastern Europe. Trip.ru is a part of Etraveli Group, one of Europe’s leading e-commerce travel companies and present in 70 countries with brands such as Flight Network, Gotogate, Mytrip.com, Pamediakopes.gr and Flygresor.se.
Since 2005, Flight Network has been offering the best prices and most convenient way of booking to their customers, making the most of technology to create an experience as smooth as possible. When Flight Network was acquired by Etraveli Group in August 2019, it was the largest Canadian-owned online travel agency in Canada and saw more traffic save anyone but Expedia. Given their focus on technology, as travel becomes increasingly mobile they’re poised to lead the way.
Harnessing data science to find the best travel itineraries, TripStack is actively working to integrate every low-cost carrier (LCC) in the world and make them available to travelers through a simple and cost effective API. With Tripbuilder, they’re able to combine the itineraries of full-service airlines and LCCs that have no relationship with each other and save time for their customers as well as offer them significantly lower fares. They were founded in 2016 and are a part of Etraveli Group since 2019.
CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 400 employees throughout Europe, Asia and the U.S. To date, CVC has secured commitments of over $107 billion from some of the world’s leading institutional investors across its private equity and credit strategies. In total CVC currently manages over $65 billion of assets. Today, funds managed or advised by CVC are invested in 50 companies worldwide, employing c. 310,000 people in numerous countries. Together these companies have combined annual sales of over $70 billion. For further information about CVC please visit: www.cvc.com.