Flight Centre Acquired GapYear.com

FLIGHT Centre Limited has expanded its presence in the niche travel sector by acquiring gapyear.com, the web’s largest specialist “Gap Year” social network and travel advice site. Gapyear.com was established in 1998.
FLIGHT Centre Limited has acquired a majority stake in gapyear.com for an undisclosed fee. Founder Tom Griffithswill remain in the company as CEO to lead the global roll-out of the brand and website.
Fuelled by the GFC and valued at over $10bn*, the global ‘Gap Year Travel’ market is currently bucking trends by experiencing growth in its three age segments 

1. Those aged under 26 (‘youth travel’, graduate, pre university and between jobs)
2. 27 to 50 year olds (career gap and redundancy)
3. Those over 50 taking long haul independent travel ‘gap trips’ before and into retirement.

* Source: Mintel Gap Year Report
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