DENVER BUSINESS JOURNAL - A Denver-based online tour-booking company has bought a competitor.
FareHarbor Holdings Inc., an online booking and reservation management platform, said Thursday it has acquired Hawaii-based Activity Link Systems, a provider of software for the activity industry.
The acquisition extends FareHarbor’s client portfolio to 10 percent of the U.S. tours and activities market in 2017, the company said. FareHarbor gains 110 new tour and activity clients, including Expedia, Papillion Airways, and other helicopter, parasail, boat, fixed wing and bicycle tour operators.
In June, FareHarbor CEO and co-founder Lawrence Hester said the company was on pace over the next 12 months to book about $1 billion in ticket sales for clients and generate nearly $20 million in revenues.
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