Barcelona / Miami, December 1st, 2025
Areas, a global leader in travel hospitality headquartered in Barcelona, has completed the acquisition of Travel Hospitality Services (THS), the airport food and beverage division of Delaware North in the United States.
The transaction, approved by U.S. competition authorities, marks the largest acquisition in the company’s history and a major milestone in Areas’ global growth strategy. With this deal, Areas significantly expands its presence in North America and reinforces its position as one of the world’s leading travel hospitality operators.
THS operates 237 outlets across 22 U.S. airports and generates more than $500 million in annual revenue. With its integration, Areas triples its size in the country, becoming one of the top travel hospitality operators in the United States. The company now manages nearly 400 locations across 27 airports and 12 travel plazas, supported by a combined workforce of more than 6,000 employees nationwide.
Following this acquisition, Areas USA becomes the company’s largest business unit worldwide, accounting for 30% of the group’s total revenue, ahead of France and Iberia.
“The acquisition of THS represents a giant step forward in our growth strategy in the U.S. market, positioning the country as our number one business unit and strengthening our leadership in the global travel hospitality industry,” said Óscar Vela, Areas CEO. “We warmly welcome the THS teams joining our organization, who share our service mindset and commitment to delivering the best possible experience to travelers.”
With this transaction, Areas reaches record revenue of €2.7 billion ($3.1 billion) and continues advancing toward its goal of achieving €3 billion ($3.5 billion) in annual revenue in the coming years. The company employs 24,000 people and operates over 2,200 restaurants and stores across 11 countries, continuing to expand its footprint and partnerships across major travel hubs worldwide. RENDER