Travel agency consolidation is fueled by pandemic, retirements
By Jamie Biesiada
Sep 09, 2020
Robert Sweeney, CEO of Innovative Travel Acquisitions, said that travel agencies of all sizes and types are being acquired.
It’s no surprise that the economic hardships associated with the coronavirus pandemic have triggered a wave of consolidation among travel agencies. But those who have been...Read More
While it is impossible to predict the full impact of the coronavirus crisis on travel agencies, most observers are expecting consolidation, similar to what occurred following 9/11 and the airline commission cuts that began in the mid-1990s.
Bob Joselyn, president and CEO of Joselyn Consulting Group, is already hearing from agencies interested in combining operations to cut down on expenses...Read More
Innovative Travel Acquisitions Inc, senior consultant and 20-year industry vet, Doug Haugen, has completed another transaction! He had the recent pleasure of representing Avanti Travel in Florida as they went to close with a Tour Operator from Canada. We now have 644 completed sales. Give us a call or shoot us an email if you are interested to know how our confidential service works!...Read More
Doug Haugen & Bob Sweeney represented the following 6 sellers during the 2nd half of 2019.
World of Travel, MI $11 Mil Annual Sales
Pioneer Travel, MA $6 Mil Annual Sales
Scanam World Tours, NJ $4 Mil Annual Sales
Adriatic Travel, CA $7 Mil Annual Sales
Travel Leaders, WA $58 Mil Annual Sales
Island Travel, SC $8 Mil Annual Sales
These 6 completed sales bring our total number of closing...Read More