A major change has taken place in the ownership structure of Tatilbudur, one of Türkiye’s top online tour operators. Iş Private Equity Investment Partnership, a subsidiary of Iş Bankası, has acquired a 24.06%ü percent stake from shareholder Çetin Yılmaz, bringing its total ownership to a controlling 64.15 percent.
Iş Bankası announced the deal via KAP
In an announcement submitted to Türkiye’s Public Disclosure Platform (KAP) by Is Private Equity Investment Partnership, it was confirmed that a preliminary agreement had been signed on November 8 for the acquisition. The statement detailed that “if the transaction is completed, our stake in TatilBudur will increase from 40.09 percent to 64.15 percent. Completion of the transaction is contingent upon the signing of the share transfer agreement and approval from relevant authorities, after which the necessary public announcement will be made.”
40 percent growth in 2024 and focus on incoming tourism
Deputy General Manager for Sales and Operations of Tatilbudur, Mustafa Kemal Çubuk, recently held a press conference in Antalya, where he announced the company’s projected 40 percent growth for 2024. Çubuk noted that Tatilbudur has consistently expanded its domestic market share, accounting for approximately one-quarter of summer hotel bookings in Türkiye. Looking forward, he revealed Tatilbudur’s plans to take direct control of its European operations in 2025, with a target to welcome 80,000 international tourists through incoming-focused strategies.