Apollo Funds will acquire The Travel Corporation, ending its century-long history as a private entity and transforming its future growth trajectory. In a significant shift within the travel industry, The Travel Corporation (TTC), a consortium of 18 renowned travel brands, is set to be acquired by the private equity firm Apollo Funds. “For more than 104 years, our family has nurtured TTC into a beacon of quality and innovation in the travel sector,” Tollman stated. Apollo Funds’ existing investments in the travel sector include prominent names like the Venetian Resort Las Vegas and Hilton Grand Vacations, positioning TTC among a notable roster of industry leaders. This acquisition is poised to leverage TTC’s established market presence to scale new heights in the evolving travel landscape.

Source: Ethiopian News July 17, 2024 08:09 UTC