Search Travel Market Report

mainlogo
www.travelmarketreport.com/canada
U.S.A.
English
Canada
English
Canada Quebec
Français
Menu
  • News
  • Packaged Travel
  • Cruise
  • Hotels & Resorts
  • Destinations
  • Retail Strategies
  • Air
  • Training & Resources
  • Luxury Travel Report

Travel Leaders Group and ALTOUR Announce Merger

by Richard D'Ambrosio  July 28, 2017
Travel Leaders Group and ALTOUR Announce Merger

Travel Leaders Group is the largest traditional travel agency company in North America. (PRNewsFoto/Travel Leaders Group)

Travel Leaders Group and ALTOUR, a travel management company, have agreed to a merger that will result in a company with more than $24 billion in annual sales.

In a press statement, the two companies said there “will be no substantive operating changes or name changes to either ALTOUR or Travel Leaders Group’s businesses or organizations.  Closing of this combination is expected to occur following regulatory approval in satisfaction of other customary conditional proceedings.”

ALTOUR president and CEO Alexandre Chemla will remain in his current role and Ninan Chacko will continue to serve as CEO of Travel Leaders Group. In addition, upon the closing, Chemla will become a shareholder and join the Board of Directors of Travel Leaders Group Holdings. 

United States-based Altour had annual sales of about $2.6 billion in 2016. ALTOUR serves the luxury and mid-markets globally, and owns ALTOUR Air, ALTOUR Tech, ALTOUR Meetings and Incentives and the ALTOUR Global Network.

Travel Leaders Group serves both the vacation and business travel markets, and owns a variety of businesses in both categories, including Travel Leaders owns All Aboard Travel, Andrew Harper Travel, Colletts Travel, CruCon Cruise Outlet, and the Nexion host agency network.

The company states it had sales of over $21 billion in 2016.

  0
  0
Related Articles
Travel Agents Are In Vogue. Literally.
Travel Agents Take Note: Your Client’s First Vacation Day Is Crucial
Wall Street Pays Little Attention To United Airlines Brouhaha
Travel Agents React to Brexit
As Protestors Storm Its Headquarters, Airbnb Teams with Amex
Zarmati Comes Home to Carnival
Travel Advisors Make the Best Couples… and Business Partners
Bahamas Tourism Kicks off ‘Travel Helps The Bahamas’ Campaign with Travel Leaders Group
7 Reasons Why Small Ship Sailings Lead to Unforgettable Experiences

MOST VIEWED

  1. On the Right Track: Railbookers’ Ivan Mansanet
  2. VIDEO: Advocating for Advisors, John Kirk on CP24
  3. CruiseHub.ca Launches as Canadian-Focused Booking Site with “Real Advisor Support”
  4. Enhancing Caribbean Connectivity: interCaribbean Airways Sets Sights on Canada
  5. TRAVELSAVERS Canada Says Now is the Time for Advisors to Show Their Worth
  6. Steep Decline in Canadian Travel to the U.S. in March – But We’re Not the Only Ones


  1. Survey: U.S. Policies Are Reshaping Where Americans Are Travelling in 2025
  2. Travel Women We Love: ACTA’s Wendy Paradis
  3. A Lifetime of Islands: The Bahamas Launches New Ad Campaign 
  4. Coming Off Best Year Ever, Travel Leaders Network Calls Q1 A Success
  5. Costa Rica Gets Luxury Injection with First Waldorf Astoria
  6. Registration Now Open For Sandals 2025 Masterclass Training
Top Stories
TMR Canada on Scene: Rendez-vous Kicks Off in Lyon, France
TMR Canada on Scene: Rendez-vous Kicks Off in Lyon, France

More than 1500 suppliers, buyers and travel advisors have descended on the city of Lyon in France this week for Rendez-vous, the country’s annual conference that showcases the latest developments across all regions of France.

TMR Canada on Scene: The Secret and Wild World of Ardeche, France
TMR Canada on Scene: The Secret and Wild World of Ardeche, France

Travel Market Report Canada is in the South of France for the country’s annual trade show Rendezvous which brings together buyers, travel advisors and suppliers from around the world.

Hola Barcelona! WestJet adds YHZ-BCN This Summer
Hola Barcelona! WestJet adds YHZ-BCN This Summer

WestJet has added another route to its growing European destinations with the announcement of a new Halifax Stanfield International Airport (YHZ) and Josep Tarradellas Barcelona-El Prat Airport (BCN) beginning June 27 through September 29.

Canada Updates Travel Advisories for the US and China
Canada Updates Travel Advisories for the US and China

The Government of Canada has issued a travel advisory for Canadians travelling to the US and China, amid recent tensions with both countries.

Anguilla Aims to Boosts Tourism with New Direct Routes from Canada and an Advisor Program
Anguilla Aims to Boosts Tourism with New Direct Routes from Canada and an Advisor Program

“We love our neighbors, but we want to be able to have that direct experience from Canada,” Kimberly King, CMO Anguilla Tourist Board told Travel Market Report Canada at an event in Toronto Wednesday night.

Canadians Flock to Bali and Asia as New Contiki Trips Announced
Canadians Flock to Bali and Asia as New Contiki Trips Announced

Contiki told Travel Market Report Canada on Wednesday that there has been a considerable increase in the demand for Bali and Asia as a whole.

TMR Subscription

Don’t miss out! Sign up for our free daily newsletter and get the latest Canadian travel industry news and event coverage delivered straight to your inbox. No spam — just what matters.

Subscribe to TMR

TMR OUTLOOKS & WHITE PAPERS
View All
industry spotlight
https://img.youtube.com/vi/PoDL9BufWSo/0.jpg
How Collette Is Supporting Advisors with Tools This Appreciation Month
Advertiser's Voice
Sail Unique With Explora Journeys
About Travel Market Report Mission Meet the Team Advisory Board Advertise Syndication Guidelines
TMR Resources Calendar of Events Outlook/Whitepapers Previous Sponsored Articles Previous This Week Articles
Subscribe to TMR
Select Language
Do You Have an Idea Email
Editor@travelmarketreport.ca
Give Us a Call
647 255 8990
Drop Us a Note
Travel Market Report Canada Inc.
3080 Yonge St. Suite 6060 Toronto, ON M4N 3N1
© 2005 - 2025 Travel Market Report, an American Marketing Group Inc. Company All Rights Reserved | Terms and Conditions
Cookie Policy Privacy Policy Manage cookie preferences