(Reuters). Australia’s Qantas Airways stated Tuesday it would purchase a 51% stake at online travel agency TripADeal, for an undisclosed sum. It is trying to tap a recovering demand for packaged holiday packages.

Recent months have seen a surge in online bookings due to the removal of COVID-19 regulations and an increase in leisure travel.

Qantas is allowed to acquire TripADeal’s full control within the next four years. The agreement will increase Qantas’ earnings for full-year 202024.

The airline would let frequent flyers in its loyalty division use their points to purchase any TripADeal vacation package.

Qantas Loyalty had set a goal to achieve double-digit growth by 2022. It also stated that underlying earnings prior to income tax would be A$500 millions ($354.85million) to A$600,000,000 in fiscal 2024.

Qantas, which announced earlier this month its intention to purchase the remainder of Alliance Aviation Services at A$610.8 Million to grow its presence in charters, made it public.

($1 = 1.4090 Australian dollars)