Altour Joins Travel Leaders Group in Latest Travel Agency Consolidation Move
Photo Credit: Altour and Travel Leaders Group are planning to merge. Travel Leaders Group CEO Ninan Chacko is pictured here. Travel Leaders Group
Skift Take
The big are getting even bigger. The combined entity of Travel Leaders Group and Altour will be a strong competitor in the U.S. and abroad.
Consolidation has heated up in the travel agency space in recent years, but no move may be as impactful as a merger between Travel Leaders Group, one of the largest travel agencies in the U.S., and Altour, another major player.
Altour will be held by Travel Leaders Group Holdings, which owns Travel Leaders Group as well. With a combined $24 billion in annual sales between the two, the plan is to continue operating under separate brands with the same leadership. Financial terms of the deal were not disclosed.
Ninan Chacko will continue to run Travel Leaders Group as CEO while Alexandre Chemla, Altour president and CEO, will remain in his role. Chemla will also join Travel Leaders Group's board and become a shareholder in Travel Leaders Group Holdings.
Both companies have successful corporate travel arms along with leisure and luxury
