This move reflects TBO’s strategic focus on expanding its footprint in the luxury travel sector, supported by macro industry tailwinds.

TBO Tek reported a 3.4% increase in net profit to Rs 62.97 crore and a 22.2% rise in net sales to Rs 511.28 crore in Q1 FY26, demonstrating strong financial performance.

The acquisition of Classic Vacations was completed after Najafi Companies bought it from Expedia Group in 2021, marking a significant milestone in its growth journey.

TBO Tek has announced its acquisition of US-based Classic Vacations, a luxury travel company with $111 million in revenue and $11.2 million EBITDA for fiscal year 2024, aiming to strengthen its presence in the North American premium outbound travel market.

Following the announcement, TBO Tek's stock surged by 12.79% to Rs 1560.50, reflecting investor confidence in the strategic move.

This acquisition is designed to combine TBO's advanced technology platform and global inventory with Classic Vacations' extensive network of luxury travel advisors and suppliers, enhancing TBO's offerings in the high-end outbound travel segment.

Looking ahead, the company projects continued momentum with outbound passenger traffic expected to reach 42 million by 2027, and plans to invest further in regional offices, sales teams, and platform improvements to sustain growth.

TBO’s outlook remains positive, supported by strong liquidity from its IPO and favorable industry trends, positioning it for profitable expansion in the global B2B travel distribution market.

The global travel industry is expected to grow to nearly $2.6 trillion by 2027 at an annual rate of 8.2%, aligning with TBO’s strategic growth through recent acquisitions and regional expansion.

Classic Vacations, with a nearly 50-year history, is renowned for its exclusive B2B brand and elite advisor network, which will complement TBO’s growth strategy.

Melissa Krueger, CEO of Classic Vacations, expressed that the partnership will enable her company to leverage TBO’s innovative technology and resources to better serve their high-value travel advisors.

Gaurav Bhatnagar, TBO’s cofounder and joint managing director, emphasized that integrating Classic Vacations aligns with TBO’s vision of expanding into the premium outbound travel market.