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SBC Travel builds momentum ahead of launch with acquisition of leading travel agency Dream Holidays Planner

October 26, 2018 Business News No Comments Email Email

Singapore-based travel agency and subsidiary of Swissbloc Capital, SBC Travel, is strengthening its presence in the travel and hospitality industry, announcing it will acquire multi-platform travel agency, Dream Holidays Planner.

In a bold move that will give the business an industry advantage and build momentum ahead of its online launch later this month, SBC Travel has entered into terms to purchase Dream Holidays Planner, one of Singapore’s leading travel agencies and outbound tour operators.

A new-comer to the tourism space that will shake up the way in which travel transactions are executed, SBC Travel is the technology partner of choice for the hospitality and travel industry by providing innovative, disruptive payment and rewards solutions utilising Blockchain and distributed ledger technology.

Swissbloc Capital and SBC Travel Chief Executive Officer, Mr Daryn Griggs, commented on the acquisition, which is set to be finalised by November 2018.

“The purchase of this asset provides SBC Travel with access to Dream Holidays Planner’s global network of wholesale agents, an experienced travel team, and an established clientele group, including government agencies, schools, university groups and a loyal FIT base,” he said.

“The acquisition will complement our travel trade offering seamlessly, and stand us in good stead to deliver the best travel products and services in the most innovative way possible.”

In another move that will see the company gain added traction, SBC Travel has also entered into a distribution agreement with travel power-players, GTA Travel and Hotelbeds Group, to host their global bedbank on the SBC Travel website, which will give customers access to over 175,000 hotels and accommodation providers in more than 185 countries.

“We are pleased to welcome GTA Travel and Hotelbeds Group into our fold of trusted tourism distributors. Combining our innovative payment and rewards systems, with the operators’ impressive global reach and status, we will be in a strong position to provide unparalleled access to exclusive travel offerings backed up with leading, world-first technology.”

SBC Travel is also set to be one of the few crypto-friendly travel agencies in the world allowing travel to be purchased using Bitcoin, Ethereum and other digital currencies – including Swissbloc Capital’s very own currency – the Global Travel Coin GTX.

Introducing GTX to the consumer market, SBC Travel will be launching a SBC Travel Rewards program, which will allow users to purchase and redeem the cryptocurrency on travel bookings and use it to access rewards, discounted travel packages and money-can’t-buy experiences.

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