TBO Group

What TBO Group does

TBO Group (legally TBO Tek Limited) is a publicly listed B2B travel distribution platform, headquartered in Gurgaon, India, and listed on the NSE and BSE under ticker TBO. The company operates a two-sided global marketplace that connects travel suppliers — hotels, airlines, cruise operators, car rental providers, transfer services, and rail — with travel buyers that include retail travel agencies, independent travel advisors, tour operators, travel management companies (TMCs), online travel companies, super-apps, and loyalty apps. The platform serves 159K+ registered travel buyers and provides access to 1M+ hotels across 100+ countries, with transactions settled in 55+ supported currencies and backed by over 300 dedicated account managers providing round-the-clock local-language support.

The product architecture is platform-plus-modules: a core TBO Platform and TBO APIs for programmatic integration are supplemented by verticalized offerings such as TBO Hotels, TBO Air, TBO Packages, TBO Cruise, TBO Transfers, TBO Rail (Europe), TBO Car, TBO Sightseeing, TBO Insurance, TBO Cargo, TBO Marine, TBO Umrah, and TBO Platinum Collection (luxury). Engagement layers include the Roamer post-booking mobile companion app, the TBO+ loyalty program, and TBO Academy for partner education. Specialized sub-brands Paxes (corporate travel) and Zamzam & Kizan (Umrah/Hajj operators) address distinct verticals.

TBO generates revenue primarily through marketplace commissions on transactions facilitated between suppliers and buyers. Pricing is quote-based and not publicly disclosed; the company offers flexible payment terms, multi-currency settlement, and markup control for buyers. Distribution occurs through self-serve web, API integrations, and direct enterprise account management. The company acquired Classic Vacations for $125 million in 2024, entering the U.S. luxury travel segment. The platform has won multiple regional and global industry awards across 2023-2025, including Latin America's Best B2B Travel Provider 2025, Middle East's Best B2B Travel Portal 2025, and the Travel Weekly Magellan Gold Award 2024.

Name

TBO Group

Legal name

TBO Tek Limited

Website

https://tbo-group.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TBO Group is a publicly listed B2B travel distribution platform connecting 159K+ travel buyers with 1M+ hotels and global suppliers across 100+ countries, generating revenue through marketplace commissions on travel inventory transactions.

Ownership category

akta.pro rank

Product category

Online Travel Marketplace

NAICS

Other Travel Arrangement and Reservation Services (56159), Travel Arrangement and Reservation Services (5615), Travel Agencies (561510)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

B2B Travel Distribution Marketplaces & Wholesalers (Beds/Inventory Exchanges) (THALAFAJ)

akta.pro secondary industries

Hotel & Accommodation Booking Platforms (THALAFAB), B2B OTA/White-Label Booking Platforms & Affiliate Networks (THAKAAAO), Corporate Booking Platforms & Online TMCs (THAKAAAG), Wholesale Distribution Platforms & Switches (B2B Booking Engines/Marketplaces) (THAKAJAG)

Keywords

• Travel distribution platform
• B2B travel marketplace
• Hotel booking platform
• Travel inventory API
• Airline distribution

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Travel Distribution Commission: TBO operates as a B2B marketplace connecting travel suppliers with buyers. The platform generates revenue through commissions on transactions facilitated between suppliers (hotels, airlines, etc.) and buyers (travel agencies, tour operators, etc.)

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

TBO Group operates a global B2B travel distribution platform connecting travel suppliers (hotels, airlines, cruises, car rentals, transfers, rail services) with travel buyers (retail travel agencies, independent travel advisors, tour operators, TMCs, online travel companies, super-apps, and loyalty apps) across 100+ countries. The platform provides access to 1M+ hotels, supports 55+ currencies, and enables real-time inventory, booking management, and post-booking services through web interface, APIs, and mobile companion app.

Product overview

TBO Group operates a platform-plus-modules B2B travel distribution architecture. The core TBO Platform connects travel suppliers (hotels, airlines, cruises, car rentals, transfers, rail services) with travel buyers (retail travel agencies, independent advisors, tour operators, TMCs, online travel companies, super-apps, loyalty apps) across 100+ countries. The platform integrates specialized vertical products including TBO Hotels (1M+ hotels), TBO Air, TBO Packages, TBO Cruise, and TBO Umrah. Ancillary modules extend functionality through TBO Transfers, TBO Rail (Europe), TBO Car, TBO Sightseeing, TBO Insurance, TBO Cargo, TBO Marine, and TBO Platinum Collection (luxury properties). Developer access is enabled via TBO APIs, while TBO+ provides loyalty rewards, TBO Academy offers training, and Roamer delivers post-booking traveler engagement. Corporate travel is served through Paxes, and Zamzam & Kizan addresses the Umrah/Hajj operator segment. The company went public on NSE and BSE.

Differentiator

Problem solved

Functional benefit

Brands

• Roamer: Mobile application providing travellers access to trip details, automated reminders and updates, and other travel related information.
• TBO+
• Paxes
• Zamzam & Kizan
• TBO Academy

Products and services

• TBO Hotels B2B hotel booking platform providing access to over 1 million hotels worldwide across 100+ countries, enabling travel buyers to book accommodations at competitive pricing.
• TBO Air Air booking solution integrated into the platform allowing travel buyers to access flight inventory alongside hotel and ancillary services.
• TBO Packages Holiday package booking platform offering bundled travel products combining flights, hotels, and other ancillary services.
• TBO Transfers Ground transportation booking service connecting travel buyers with transfer providers for airport pickups, drop-offs, and local transportation.
• TBO Rail Rail Europe booking integration enabling travel buyers to access European rail inventory including tickets and reservations.
• TBO Car Car rental booking service integrated with the platform, providing access to global car rental inventory for travel buyers.
• TBO Cruise Cruise booking platform connecting travel buyers with cruise operators and inventory worldwide.
• TBO Sightseeing Sightseeing tours and activities booking service connecting travel buyers with tour operators and activity providers globally.
• TBO Insurance Travel insurance booking integration providing access to travel insurance products for trip protection.
• TBO Umrah Specialized Umrah pilgrimage travel booking service for Muslim travelers visiting Saudi Arabia.
• TBO Platinum Collection Premium/luxury hotel collection featuring curated high-end properties for discerning travelers.
• TBO Platform Core B2B travel distribution platform connecting travel suppliers (hotels, airlines, cruises, car rentals, transfers, rail) with travel buyers across 100+ countries, supporting 55+ currencies with real-time inventory management.
• TBO APIs Developer-facing API products enabling retail and API buyers to integrate TBO's global travel inventory (Air, Hotels, Packages, Ancillary Services) into their own applications and platforms.
• Roamer One-click in-house travel companion mobile application enabling travelers to access trip details, receive automated reminders and updates, and access travel-related information post-booking.
• Paxes Corporate travel management solution enabling enterprise buyers to manage business travel needs on the TBO platform.
• Zamzam & Kizan Specialized Umrah and Hajj operator solution designed for travel companies serving Muslim pilgrims traveling to Saudi Arabia.
• TBO+ Reward and loyalty program for travel partners, enabling reward point accumulation from bookings and access to exclusive promotions marketed to travel agents.
• Travel Partner Solution Comprehensive solution for travel agents and agencies to expand their travel business using TBO's platform, providing access to global inventory and post-booking services including re-confirmations, amendments, and refunds.

Quantifiable outcome

• 159K+ travel buyers on platform
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Classic VacationscoreStrategic or Co-development PartnerTBO Tek completed a $125 million acquisition of Classic Vacations, a significant strategic move in the luxury tourism market. This acquisition signals active consolidation in the travel distribution sector and strengthens TBO's position in the high-end travel segment.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Sabre Corporation: Sabre is a major GDS and travel technology provider serving airlines, hotels, agencies, and corporations. Its SynXis and Hospitality Solutions divisions compete with TBO's hotel distribution, while Sabre GDS competes with TBO's air distribution capability.
• Expedia Partner Solutions: Expedia Partner Solutions is the B2B API and white-label distribution arm of Expedia Group, offering 1M+ properties to OTAs, super-apps, and loyalty programs. It directly competes with TBO's API and white-label offerings targeting super-apps and enterprise buyers.
• MakeMyTrip: MakeMyTrip is India's largest OTA, owned by Trip.com Group, operating B2B and corporate travel platforms (MakeMyTrip for Business) that overlap with TBO's Paxes corporate solution and Indian enterprise travel distribution.
• Trip.com Group: Trip.com Group operates Skyscanner, Ctrip, and Trip.com as a global B2C travel platform with growing B2B and API distribution. Its scale and supplier contracts make it a broad incumbent competing with TBO on hotel inventory, air, and package distribution.
• Amadeus: Amadeus is the world's largest GDS, distributing air, hotel, and ground inventory to travel agencies globally and serving enterprise travel platforms. It is a broader incumbent whose hotel distribution and corporate travel solutions overlap with TBO's TBO Hotels and Paxes offerings.
• Booking Holdings (Booking.com): Booking Holdings operates Booking.com, Priceline, Agoda, and connected-trip platforms serving over 28 million listings globally. While primarily B2C, its B2B connectivity and partner programs overlap with TBO's distribution, especially in hotels and ground services.

Direct peers

• WebBeds: WebBeds is the B2B accommodation distribution division of Webjet, distributing hotel inventory across multiple regional brands (Lots of Hotels, Sunhotels, FIT Ruums) to travel trade buyers worldwide. It competes head-to-head with TBO in emerging markets and on API-driven distribution to OTAs.
• Hotelbeds: Hotelbeds is the world's largest B2B hotel bed bank, distributing room inventory from 180,000+ hotels to travel agents and tour operators globally. It is the most direct competitor to TBO's TBO Hotels product, operating a nearly identical commission-based wholesale marketplace model.
• Travelport: Travelport is a global B2B travel commerce platform providing GDS, distribution, and retailing capabilities to travel agencies and suppliers. It competes with TBO's enterprise/API distribution capabilities and corporate travel solutions (Paxes).
• Yatra Online: Yatra is an Indian online travel company listed on NASDAQ, serving both B2C leisure travelers and corporate clients across India. It competes with TBO in the Indian B2B travel agency and corporate travel segments with overlapping supplier relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TBO Group