Blackpeak are pleased to present a market update on the Travel, Property and Events booking software in ANZ which includes key trends on M&A & financings as well as a market map & profiles of industry participants.
Bookings software refers to businesses whose revenue is ultimately leveraged to the volume of bookings (hotel bookings, activities/ events, property bookings etc.) on their software platform. Vendors have emerged from the slow down experienced during the Covid-19 pandemic and are experiencing a period of rapid growth as leisure and business travel returns to pre-covid levels together with the increased digitisation of workflows across the sector. This should lead to the emergence of a number of scaled platform assets over the next few years.
M&A and financing activity in the sector has also been increasing with recent notable transactions in 2024 including Potentia’s sale of Newbook to Storable & Advent’s acquisition of RMS cloud.
Blackpeak believes that investment activity across the sector in ANZ will remain elevated over the next few years as strategic acquirers and financial sponsors look to deploy capital into fast growing, scaled assets in the region.
Blackpeak Travel Tech Update_August 24 redacted
For more information contact:
Scott Colvin
+61 416 335 455