The Travel Corporation
 | |
| Company type | Privately held company[1] |
|---|---|
| Industry | Travel and leisure |
| Founded | August 1920[2] |
| Founder | Stanley S Tollman[1] |
| Headquarters | , United States[1] |
Key people | |
| Services | Tour operator |
| Owner | Apollo Private Equity [1] |
Number of employees | 10,000[1] |
| Website | ttc |
The Travel Corporation is an international, privately owned hotel and travel company based in Cypress, California[1] and Bermuda.[3] Its businesses including Contiki, Uniworld and Red Carnation Hotels hosted two million travellers in 2019.[2]
History
[edit]The company traces its history to a small hotel outside Cape Town, South Africa, in the early 1900s.[4]
The Travel Corporation's not-for-profit TreadRight Foundation was established in 2008.[5]
On 16th July 2024, The Tollman Family announced the sale of The Travel Corporation to Apollo Private Equity funds, a US-based asset management firm. The sale marks the end of the Tollman family's 104-year-long tenure of private ownership. The deal will see The Tollman Family retain the Red Carnation group of hotels, whereby Apollo will acquire the remaining 18 of TTCs Tour Brands at the close of 2024. [6]
Operations
[edit]As of 2022[update] The Travel Corporation owns tour operators and travel agents including:[7]
- AAT Kings
- Aussie Adventure
- Inspiring Journeys
- Adventure World Travel
- African Travel
- Brendan Vacations
- Contiki Tours
- Down Under Tours
- Evan Evans Tours
- Grand European Travel
- HAGGiS Adventures
- Highland Explorer Tours
- Shamrocker Adventures
- Insight Vacations
- Luxury Gold
- Lion World Travel
- Siva Travel Services Greece
- Trafalgar Tours
- Costsaver
- Travel Corporation Asia
- Uniworld
- Atlas Reizen
Its Red Carnation Hotels operates in the United Kingdom, Ireland, United States, South Africa, Botswana, Guernsey and Switzerland.[citation needed] Other activities include Florida's Old Town amusement park, Bouchard Finlayson Winery in South Africa[1] and a shareholding in, the also South African, Cullinan Holdings Ltd travel and tourism business.[8]
References
[edit]- ^ a b c d e f g h i j "Meet Brett Tollman from the South African family who own The Travel Corporation". Independent Online (South Africa). June 10, 2019. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
- ^ a b "About". The Travel Corporation. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
- ^ "Travel Corp. Buys Australian Operator". Travel Weekly. November 18, 1997. Archived from the original on January 10, 2023. Retrieved January 2, 2023.
- ^ Gollan, Doug (October 14, 2016). "Meet The Biggest Travel Company You've Never Heard Of". Forbes. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
- ^ "TreadRight Foundation". TreadRight Foundation. Archived from the original on April 27, 2020. Retrieved December 16, 2019.
- ^ {{Cite Web https://travelweekly.co.uk/news/tour-operators/private-equity-firm-apollo-funds-to-acquire-the-travel-corporation
- ^ "Brands". The Travel Corporation. Archived from the original on April 18, 2022. Retrieved April 18, 2022.
- ^ "About Us". Cullinan Holdings. Archived from the original on January 24, 2022. Retrieved April 18, 2022.
