The Travel Corporation

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The Travel Corporation
Company type Privately held company [1]
Industry Travel and leisure
FoundedAugust 1920 [2]
FounderStanley S Tollman [1]
Headquarters,
United States [1]
Key people
Services Tour operator
OwnerApollo Private Equity [1]
Number of employees
10,000 [1]
Website ttc.com

The Travel Corporation is an international travel company based in Cypress, California [1] and Bermuda. [3] Its businesses including Contiki, Uniworld and Trafalgar Tours. [2]

Contents

History

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 16 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

As of 2022 The Travel Corporation owns tour operators and travel agents including: [7]

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]

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References

  1. 1 2 3 4 5 6 7 8 9 10 "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.
  2. 1 2 "About". The Travel Corporation. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  3. "Travel Corp. Buys Australian Operator". Travel Weekly. November 18, 1997. Archived from the original on January 10, 2023. Retrieved January 2, 2023.
  4. 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.
  5. "TreadRight Foundation". TreadRight Foundation. Archived from the original on April 27, 2020. Retrieved December 16, 2019.
  6. https://travelweekly.co.uk/news/tour-operators/private-equity-firm-apollo-funds-to-acquire-the-travel-corporation
  7. "Brands". The Travel Corporation. Archived from the original on April 18, 2022. Retrieved April 18, 2022.
  8. "About Us". Cullinan Holdings. Archived from the original on January 24, 2022. Retrieved April 18, 2022.