William Newley
Singapore’s Northstar Group has invested an unknown amount into Indonesia-headquartered B2B accommodations supplier MG Group.
MG Group’s core business, MG Bedbank, services thousands of retail travel agents through its booking platform as well as through hundreds of XML connections. MG Bedbank also supplies its content to global wholesalers, aggregators and tour operators.
William Newley, CEO of MG Group commented that the cash injection from Northstar Group, coupled with Northstar’s expertise and experience, will help accelerate MG’s growth across South-east Asia.
“With the Northstar Group onboard, our independent position within the travel industry is now fully secured. We will continue to work closely with our distribution partners, providing the very best rates and exceeding their expectations on service levels,” said Newley.
