TORONTO — TTI has purchased MeritBiz from H.I.S-Merit Travel Group.
MeritBiz is the corporate travel management division of H.I.S-Merit Travel Group. TTI is a Canadian-owned and operated travel management company (TMC). TTI is also the exclusive affiliate of BCD in Canada, a global TMC with offices in over 109 countries and more than $34 billion in sales.
The announcement was made today by Rocky Racco, CEO of TTI Travel and Frank DeMarinis, CEO, H.I.S-Merit Travel Group and H.I.S-Red Label Vacations Inc.
“For over a quarter of a century, MeritBiz has built a well-earned reputation of providing leading travel management services to professional enterprises. In addition to the personalized service to which their clients and travelers have become familiarized, soon, there will be new benefits that come with being part of the TTI Travel Community,” said Racco.
“This acquisition comes at a challenging time for the industry and the amazing people at TTI and MeritBiz as we continue to operate in an uncertain environment,” Racco added. “We have worked hard to protect our business and people throughout this period, but as we address short-term challenges, we must continue to invest for the future and deliver on our long-term strategy. I believe this acquisition will enhance the collective value and service we offer clients, suppliers, and partners and create real growth opportunities. This is a great opportunity for TTI as we move into 2022 to increase our support for our customers around the world as the market returns to pre-Covid-19 levels. This also allows us to expand and diversify our business in this new normal environment.”
Frank DeMarinis, CEO of H.I.S-Red Label Vacations Inc., said: “MeritBiz has always been a service-based business that flawlessly executed its deliverables for over 30 years. TTI Travel’s caliber and proven track record in corporate travel solutions made it clear that they would be the right fit to continue servicing MeritBiz clients and travelers. With a solid understanding of our products and market, we’re confident TTI Travel has the proper operational skills to deliver continued growth and great success for MeritBiz.”
