Apollo Funds to acquire The Travel Corporation

Wednesday, 16 Jul, 2024 0

The Travel Corporation (TTC), privately owned for more than a century, is about to get a new owner.

Apollo Funds has agreed a deal to acquire most of TTC.

The transaction covers most brands, including escorted tour operator Trafalgar, river cruise operator Uniworld; Contiki and Insight Vacations.

“For more than 104 years our family has built TTC into an industry leader. Without a next generation to lead TTC, the time has come to select a new owner,” said TTC Chairman Brett Tollman.

“We will support a seamless transition and are confident the team at Apollo will continue driving the business.”

Apollo Private Equity Partner Michele Raba said, “TTC has a leading collection of brands that we believe we can take to the next level as an Apollo Funds portfolio company, leveraging our extensive experience in travel.”

The transaction is expected to close in the fourth quarter of 2024.

Certain brands are not included in the sale, notably The Red Carnation Hotel Collection, which will remain under the control of the Tollman family.

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

The superpower in bed banks for 30 years We are an award-winning and trusted accommodation wholesaler since 1991. We are ISO 9001:2015 certified and have MSE2 rating f...

For over 18 years and over 106 completed events, the Travel & Adventure Show has connected over 2.5 million travel enthusiasts, over 15,000 unique Travel Advisors ...

Wonderful Indonesia Indonesia is a country blessed with countless wonders. What makes this country unique is its diverse culture and magnificent nature, which should b...

Travel specialists founded the company in 1999 as AC Tours. Since then we have grown and expanded to incorporate four premier brands with offices in London, Paris and ...

The city has been the vibrant heart of Japan for over 400 years, and is a crossroads where tradition meets modernity. We work tirelessly to promote Tokyo to attract do...

Welcome to Qatar Airways Qatar Airways is proud to be one of the youngest global airlines to serve all six continents, and thanks to our customers’ response to ...

ECOMMPAY is an international payment service provider and direct bank card acquirer, engineering bespoke payment solutions for clients worldwide. Our payment gateway e...

River cruising is a treat for the senses, allowing you to see, touch, feel and experience the world like never before. Sit on the intimate, open-air upper deck as you ...

ITB Asia, Asia’s Leading Travel Trade Show, is an annually held B2B trade show and convention for the travel industry; it is designed to be the primary event for...

We’re here to provide the very best experience in train travel. From booking your ticket, to asking us a question on the platform and getting settled onboard our train...

In 2024, The Red Sea will be ready to welcome 300,000 guests in line with the completion of 16 hotels with 3,000 rooms across five islands and two inland sites (Jumeir...

We understand the importance of personal touch We do things a bit differently at Eventsquid. We know that we could hide our sales telephone number from the website — b...

Greater Fort Lauderdale’s assortment of adventures awaits you. Whether you want to relax on the beach as the sound of the waves lulls you to sleep or get your heart pu...

Celebrating its 30-year anniversary in 2022, Regent Seven Seas Cruises® offers guests An Unrivaled Experience® with every luxury included. Carrying no more than 750 gu...

Arival advances the business of creating amazing in-destination experiences. We provide events, insights, and community for creators and sellers of tours, activities, ...

We’re the number one choice for travelers to the Greek Islands and Eastern Mediterranean – a fact we love to share! Our guests tell us it’s because we offer the only g...

Rakuten is a global powerhouse, with deep roots in Asia, and dominance in Japan. We enable our clients globally to send their guests anywhere in the world – all delive...

Via Croatia is a concierge-type, full-service luxury DMC working exclusively with travel agents and luxury tour operators. With 20 years of experience and local partne...