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Jul 21, 2018  
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Agency Owner Talks What to Know About Acquisitions

This week the agency announced a merger with Minneapolis-based Schilling Travel , in which Schilling will acquire Riverdale for an undisclosed sum, organizing under parent company Allied Continental Holdings. Riverdale is part of Signature Travel Network, while Schilling is part of Travel Leaders Network; eventually, the plan is for the new company to be entirely a part of Signature, Anderson says. Together the two agencies have annual sales of over $20 million, and plans call for the combined company to continue growing with the acquisition of further travel agencies throughout the Midwest. The #1 Industry Event for Specialization | Oct. 9-11, 2018 Travel Industry Exchange is the leading one-to-one event featuring a product-focused conference, networking and entertainment. Top agents vie for coveted hosted positions to leverage valuable supplier content that will help improve personal growth and increase overall sales. Finding a partner who looks beyond booking volume to her whole business was important to the acquisition, Anderson says. “When I went to market, I had great volume and I had people who wanted to buy my volume, but I wanted them to see who we were,” she says. “I wanted them to see that, yeah, that person does spend $100,000 a year with me, but it’s also about what our value statement is and what we can give to the customer’s trip experience.” A growing increase in travel agent retirements – a point raised at the recent Travel Leaders Network EDGE Conference – is another major factor driving agency consolidation.

For the original version including any supplementary images or video, visit https://www.travelagentcentral.com/running-your-business/agency-owner-talks-what-to-know-about-acquisitions

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Travel agency rips off several Black women who planned to attend Essence Music Festival

People using teamwork to climb Since then, the travel company has raised more than $100,000 each year, and in 2018 reached a fundraising milestone exceeding $1 million in donations and granting more than 100 wishes to children with critical illnesses. World Travel Holdings kicks off its fundraising fiscal year each July with a special promotion where direct-to-consumer brand CruisesOnly donates $5 for every booking made that month, up to $25,000. This promotion also gives customers the opportunity to make a matching $5 donation. Fundraisers held each year include the popular gift basket fundraiser where employees create themed baskets which are raffled, participation in local Walk for Wishes events around the country and the opportunity for employees to give back each paycheck through payroll deduction. Its home-based division, which includes franchise owners with Dream Vacations and CruiseOne and independent vacation specialists with host agency Cruises Inc. also gets involved aboard a cruise ship each year during its weeklong National Conference with fundraisers such as pie in the face, a silent auction and Zumba at sea. In addition, each year one of World Travel Holdings’ corporate offices hosts a sendoff party for a local wish kid themed around the destination to which they are traveling such as a Hawaiian Luau. As a result of all these efforts, in 2017 Make-A-Wish Southern Florida recognized World Travel Holdings as its Corporation of the Year. In addition to its company-wide support of Make-A-Wish, World Travel Holdings provides all employees with one paid volunteer day a year that they can use supporting any organization of their choice. The company also has a Volunteer Day Hub on its Intranet that not only provides employees with ideas on ways to give back, it highlights employee Volunteer Day experiences inspiring others to make a difference in their communities. The #1 Industry Event for Specialization | Oct.

For the original version including any supplementary images or video, visit https://www.travelagentcentral.com/running-your-business/world-travel-holdings-raises-over-1-million-for-make-a-wish

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