Abta member sold to an American group
The acquisition is a move designed to further enhance Travel Leaders Group’s expertise in counseling and serving affluent travelers globally.
Colletts Travel will maintain its distinct brand identity within Travel Leaders UK, Travel Leaders Group’s United Kingdom operations.
Travel Leaders Group chief executive officer, Ninan Chacko, said:
“We are thrilled to welcome Colletts Travel – along with its leadership, its highly skilled luxury travel agents, and its exceptional clientele – into the Travel Leaders Group family. What attracted us to Colletts is its strong brand reputation within the UK’s luxury leisure market.”
Colletts Travel was established in 1983
Colletts Travel was established in 1983 by Roy Collett to focus on luxury vacations in worldwide destinations. It has annual sales of approximately $57 million.
It is based in Hendon, London and has three London-area offices, as well as one in Lancashire.
The leadership of Colletts Travel, including Roy Collett and Michael Berlin, will report to Travel Leaders Elite Division president Gail Grimmett, who is also responsible for Protravel International and Tzell Travel Group.
“Together with our Protravel and Tzell UK operations, the addition of Colletts Travel further fortifies our platform in the United Kingdom as we expand our leadership position in serving the extraordinary and sophisticated needs of ultra-high net worth leisure travelers.”
Roy Collett said:
“After 33 years of serving the traveling public, Michael Berlin and I decided that the best path forward to accelerate Colletts Travel’s growth was to secure the backing of a major travel company in the United States.
“As the largest traditional travel agency enterprise in North America, Travel Leaders Group will dramatically heighten the array of offerings we can provide to our discerning clientele.”