It was officially announced that Travel Leaders Group and ALTOUR have signed an agreement to unite under common ownership to form a single, powerhouse travel agency organization with nearly $24 billion in annual sales.
Alexandre Chemla, founder, President and Chief Executive Officer of ALTOUR, will remain in his current leadership role and Ninan Chacko will continue to serve as Chief Executive Officer of Travel Leaders Group. In addition, upon the closing, Mr. Chemla will become a shareholder and join the Board of Directors of Travel Leaders Group Holdings.
With sales of $2.6 billion in 2016, ALTOUR is an independently owned travel management company based in the United States, serving the luxury and mid-markets globally.
ALTOUR has also been consistently named to the "CMI 25" listing as one of the largest and most influential meetings and incentives companies by MeetingsNet.
Travel Leaders Group manages leisure, business and franchise travel operations under a variety of diversified divisions and brands. With annual sales of over $21 billion, Travel Leaders Group currently ranks as #1 among U.S. travel management companies in Business Travel News' annual rankings.
Read original article
