Apple Leisure Group and The Mark Travel Corporation, two North American travel companies, have completed their previously announced merger. Financial terms of the transaction, initially announced on April 2, 2018, were not disclosed.
Apple Leisure Group is a leading seller of all-inclusive vacation packages, with capabilities and expertise to deliver exceptional value to travelers, as well as distribution reach and resort brand management expertise for hotel owners. Mark Travel is a recognized leader of owned and managed vacation brands including Funjet Vacations. Trisept Solutions, a sister company of Mark Travel widely recognized as providing industry-leading leisure travel technology, will also be part of the combined company.
"Joining forces to create a leading integrated leisure travel and technology solutions company makes a lot of sense for both of us as it will offer even more value for consumers and a wider array of products and services for travel agent, airline, hotel and other travel industry partners," said Alex Zozaya, Chief Executive Officer of Apple Leisure Group, the combined enterprise. "The same traits that have made our two companies grow and succeed will be important contributors to growth and opportunity in the future."
"The world's leading airlines, hotels and resorts, tour operators, travel agencies, tourist bureaus, and theme parks rely on Trisept Solutions for the visibility they need to maximize their distribution," said Bill La Macchia who will continue leading Trisept Solutions, LLC and serve as member of the Board of Directors. "We see only upsides for travel agents as a result of our two companies coming together as we will be able to help them better understand their customers' needs, manage their suppliers and increase productivity."
Apple Leisure Group distribution businesses, including Apple Vacations, Cheap Caribbean and Travel Impressions, will benefit from the integration of leading edge technology for travel merchandising and distribution solutions. Mark Travel's tour businesses will also gain access to 52 high-end resorts and spas operating under the Zoëtry®, Secrets®, Dreams®, Breathless®, Now™ and Sunscape® brands.
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