Polish travel company Carousel will buy Polish agency Travel Agency, which has more than 2 million subscribers, for $1.3 billion, the company announced Tuesday.
The transaction is the second acquisition by Polish travel agencies in the past month.
The company previously purchased Polish agency Gajeel Travel, which sells travel agencies and accommodation in Poland, and in May, it acquired a Spanish travel agency.
Carousel is a Polish-based travel agency that was founded in 2010 by two former employees of the same company, and the company has operated in Poland since 2010.
The Polish company operates a network of more than 50 agency locations in Europe and has a presence in over 30 countries, including Australia, the United States, and Brazil.
Caroline O’Neil, Carousel’s CEO, said in a statement that she is thrilled to have been selected to become the new owner of the agency.
The acquisition of the Polish agency brings Carousel to a much bigger and more diverse group of partners across Europe.
It includes a large number of European clients, including airlines, hotels, and car rental companies.
Caramel travel agency in Germany is another Polish company Caramel Travel Agency and Carousel partner, as well as the leading travel agency on the continent, according to the company’s website.
The deal comes as travel agencies are struggling to compete with online travel services such as Airbnb and Uber.
Earlier this month, German travel agency Wuhan Air announced it would not renew its partnership with Airbnb and would instead look for other ways to grow its brand.
Airbnb and the National Air Transport Association have been at loggerheads over the future of the industry.
Earlier in September, Airbnb announced that it would be selling its entire brand in the U.S. for $3 billion.
The National Air Travel Association, which represents airlines, has already raised concerns about the impact Airbnb’s sale would have on the U,S.