New funding for major US-based receptive tour op
The largest US-based global receptive tour, Travel Holdings Inc., closed on a new round of $15 million in institutional investment.
Said Alan Greenberg, CEO and Chairman of the Board:
“This round of institutional investment will fuel our global expansion that includes the growth of our holdings throughout Europe and the Far East.”
He said Travel Holdings will also launch both Russian and Hebrew language travel sites next year, as well as plans to add new consumer and business-to-business sites.
The company was formed earlier this year by the merger of Tourico Holiday Tours, LastMinuteTravel.com., and Travel Global Systems.
The Orlando-based company has grown to the point where it has 2,500 tour operators in 12 countries.
The company has a 24-hour call center that serves 23 languages.
“By supplying proprietary global travel inventory and technology at highly competitive pricing, Travel Holdings integrates with every segment of the travel industry,” says the company in a prepared statement.
In addition to its claim of being the largest US-based global receptive tour, Travel Holdings says it is the only on-demand, worldwide, multi-channel travel distribution network.
Report by David Wilkening
David
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