TTA to complete an acquisition in the next three months

TTA to complete an acquisition in the next three months

The Travel Trust Association hopes to complete one of two planned acquisitions in the next three months.

The consortium is currently going through due diligence on one of the companies, neither of which have been revealed.

Managing director Simon Hargreaves said: "One of the acquisitions would make us a more powerful consortium and one of them would give us more options on what we could deliver to members."

He added that further consolidation of the agency sector could include TTA Worldchoice and said the group's popularity had increased because of the importance of financial protection since the demise of XL Leisure Group.

"The focus on financial protection has made the TTA a much more attractive consortium for agents for the first time," said Hargreaves.

"The market has changed and now we are of interest. We were not in the market before. When XL went under our members were not exposed to collapse. Before people were not willing to pay to reduce the risks."

TTA Worldchoice should pass the 800 member mark this year, he said.


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