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Certares invests in G Adventures: Travel Weekly

| Peru was the most popular destination offered by G Adventures as part of a National Geographic Journeys partnership. Small-group tour operator G Adventures Wednesday said it has closed on an investment from New York private equity firm Certares that will position it for growth after the global pandemic. The amount and terms of the investment were not disclosed, but G Adventures founder Bruce Poon Tip remains the controlling shareholder of the business. Poon Tip said the investment enables the company to accelerate its pursuit of merger and acquisition opportunities [and] investments in shared services platform upgrades. I m extremely excited that our partners at Certares share our vision and believe in us to identify and realize incredible opportunities for our people, our business and our industry, Poon Tip said. They truly understand our company and are experts in the travel space.

G Adventures Gets Backing from AmaWaterways and Internova Investor Certares

Amex GBT s plan for Ovation? Don t mess with success: Travel Weekly

The marriage brings together two major travel sellers. Photo Credit: SmartPhotoLab/Shutterstock.com Ovation Travel Group s high-touch service attracted not only a growing client base to the agency but a corporate suitor. It has now found a new home as a division of American Express Global Business Travel (Amex GBT), which announced the acquisition of Ovation this month. The marriage brings together two major travel sellers: Amex GBT is No. 3 on Travel Weekly s 2020 Power List, with $34.1 billion in 2019 sales. Ovation is No. 15, with 2019 sales of $1.6 billion. Andrew Crawley Andrew Crawley, Amex GBT s chief commercial officer, said GBT has a strategic agenda to identify client segments where its value proposition is lacking. Ovation filled one of those areas, specifically within the small- and medium-enterprise category.

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