Flight Centre acquires gapyear.com

Flight Centre acquires gapyear.com

Flight Centre has acquired gapyear.com to expand its presence in the adventure market. The deal has been made for an undisclosed fee and website Founder Tom Griffiths will remain Managing Director when the brand is rolled-out. “It [the website] has enormous global potential and slots naturally into our stable of businesses in the independent and adventure travel market,” said Flight Centre UK Group Managing Director Chris Galanty. “The global ‘Gap Year’ market is valued in excess of US$10bn, and with the reach of the Flight Centre Group worldwide our intentions are to dominate this space with a singular global strategy under the one brand.” He added that the venture could be distributed online and offline. “gapyear.com’s ‘vertical social network’ model gives us the ability to launch a targeted multi-country, multi-age-group platform with a localised purchase facility delivered through our global network of 2,000 stores,” explained Galanty.

Gary Marshall
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Gary Marshall
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