Palma, Spain, May 22 (EFE).- TravelgateX announced on Wednesday its merger with the French group Travelsoft, which currently comprises three companies, aiming to consolidate their position as software providers in the tourism industry.
During the CON-X conference, organized by TravelgateX on the Spanish island of Mallorca, with Agencia EFE as a media partner, the company’s CEO and founder, Pedro Camara, explained that operationally nothing would change and they would act with complete independence.
“In fact, we are joining a group that wants companies to remain independent and operate independently, but of course, with the group’s full support,” Camara clarified.
TravelgateX to increase its audience with Travelsoft
In an interview with EFE, the executive emphasized that for them, this means achieving “solidity” by belonging to a larger group that operates globally with several offices in Europe – currently in France, Germany, and Spain – with a combined potential audience of over 500 million.
Travelsoft began its activities in 2000 in the travel and leisure technology sector as a provider of transactional software services. Last year, they processed more than 5,000 bookings in over 50 different countries for 600 tourism providers.
According to figures from the Madrid-based United Nations World Tourism Organization (UNWTO), tourism generated total export earnings (including passenger transport) of $1.6 trillion in 2023, nearly 95% of the $1.7 trillion recorded in 2019.
Preliminary estimates of direct tourism GDP point to $3.3 trillion in 2023, or 3% of global GDP, with a recovery of 88% of pre-pandemic levels caused by COVID-19. EFE