Tripsta S.A.

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Tripsta S.A. is the parent company of tripsta, airtickets and travelplanet24, online travel agencies that provide transportation services—including airlines, ferry and train - through their websites.[1]

Tripsta S.A. operates in over 45 countries and territories and in over 34 languages.[2]

History[edit]

Tripsta S.A. was founded in 2005, originally under the brand name travelplanet24, by Philipp Brinkmann (CEO) and Kristof Keim (CCO) in Athens, Greece.[3] In 2010, Tripsta S.A. was formed in response to European expansion.[4]

By 2010, Tripsta S.A. entered its first foreign market (Poland) and by 2015 expanded to forty-five additional markets.[5]

In 2014, the company received 3.5 million EUR in funding for growth from the European Investment Fund.[6]

As of 2017, the company serves over one million customers and has gross bookings exceeding .5bn EUR.[citation needed]

Tripsta S.A. maintains its headquarters in Athens, Greece and has a remote office in Bucharest, Romania.[7]

Suspension of operations[edit]

Tripsta S.A. suspended operations, in particular issuance of new travel tickets in June 2018 due to a failure of its new business plan and subsequent inability to repay debts of up to 70 million euros to IATA and its members. As a result of this airtickets.gr converted its operation into a metasearch engine and travelplanet24 was restricted into selling solely ferry tickets.[8] Additionally it aimed to close down their office in Romania affecting around 100 employees.[9] Tripsta blamed partner Travelport for this outcome and initiated legal actions against it, with Travelport denying the accusations.[10] Airtickets.gr founder Dimitris Kontogeorgos publicly blamed Tripsta for failing to protect the reputation of airtickets.gr, as he claimed that Tripsta allowed its financial problems to be linked to airtickets.gr.[11]

Brands[edit]

  • Travelplanet24 (Operates solely in the Greek market)[12]
  • airtickets (Operates in 17 counties)[13]
  • NL Group (Operates in 4 counties)[14]
  • Tripsta (Operates in 46 counties)[1]

Acquisitions[edit]

In March 2015, Tripsta S.A. acquired and integrated its competitor airtickets®. The acquisition made Tripsta S.A. the largest ecommerce company in the country.[15] It also consolidated the technology and customer base of the two companies, presenting a wide-reaching transportation offer.[16]

References[edit]

  1. ^ "Tripsta S.A. About Us".
  2. ^ "Travelport and Tripsta announce new agreement | Travelport". www.travelport.com. Retrieved 2017-09-21.
  3. ^ "Philipp Brinkmann — Co-founder and CEO, Travelplanet24/Tripsta | ALEXANDER ONASSIS BUSINESS DAY". aoen.onassis-scholars.gr. Retrieved 2017-09-21.
  4. ^ "Tripsta S.a. - Athens 10562 (Attiki), 4 Kar. Servias". gr.kompass.com. Retrieved 2017-09-21.
  5. ^ Cave, Andrew. "Greece Reloaded: How Tripsta Is Travelling Hopefully On The Road To Entrepreneurial Success". Forbes. Retrieved 2017-09-21.
  6. ^ "Επένδυση ύψους 3,5 εκατ. ευρώ στην Travelplanet24 - NEWS - Fortunegreece.com". Fortunegreece.com (in Greek). 2014-05-22. Retrieved 2017-09-21.
  7. ^ "Travelplanet24/Tripsta's Athens Headquarters - Officelovin'". Officelovin'. 2014-10-19. Retrieved 2017-09-27.
  8. ^ May, Kevin (29 June 2018). "Tripsta web agency halts operations amid financial row". PhocusWire. Retrieved 10 August 2018.
  9. ^ "Greek tourism portal suspends activity, almost 100 employees affected in Romania". Romania Insider. 2 July 2018. Retrieved 10 August 2018.
  10. ^ Krinis, Nikos (29 June 2018). "Tripsta/airtickets Blames GDS Partner for 'Massive Liquidity Problem'". GTP. Retrieved 10 August 2018.
  11. ^ Krinis, Nikos (19 July 2018). "airtickets.gr Founder Blames Tripsta for Company's Fall". GTP. Retrieved 10 August 2018.
  12. ^ "Αεροπορικά Εισιτήρια, Ακτοπλοϊκά | travelplanet24.com". www.travelplanet24.com. Retrieved 2017-09-21.
  13. ^ "airtickets.com® - Flights, Cheap Flights, Airline Tickets, Hotels". www.airtickets.com. Retrieved 2017-09-21.
  14. ^ "NL Group® - Flights, Cheap Flights, Airline Tickets, Hotels". www.next-liberty.com. Retrieved 2017-09-21.
  15. ^ "Merger creates largest OTA in Southern Europe".
  16. ^ "European OTA power player formed by merger of tripsta and airtickets.com".
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