Final answer:
The hotel company's acquisition of a travel agency chain is a form of business growth and expansion commonly referred to as an acquisition.
Step-by-step explanation:
The acquisition of a travel agency chain by a hotel company is an example of business growth and expansion through an acquisition. When one firm, such as a hotel company, purchases another firm, like a travel agency, it is typically the more powerful or dominant partner in the deal. This type of corporate growth allows a company to increase its market share, diversify its services, and potentially reduce competition. Through the acquisition process, the operations and services of the two businesses may be integrated, often leading to internal organizational changes and the need for staff adjustments.