Apple Leisure Group and The Mark Travel Corporation Complete Merger
Apple Leisure Group and The Mark Travel Corporation (“Mark Travel”), two North American travel companies with premier brands offering a broad range of attractive travel and vacation experiences, have completed their previously announced merger. Financial terms of the transaction, initially announced on April 2, 2018, were not disclosed.
“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.
About Apple Leisure Group
Apple Leisure Group® is a leading hospitality company in the North American travel industry. Its vertically integrated business model and robust infrastructure leverages the expertise of six innovative subsidiaries to deliver exceptional value to savvy travelers and strong resort performance to owners. ALG’s award-winning companies include: AMResorts®, provider of hotel brand management services under six luxury resort brands; Apple Vacations®, a tour operator primarily for destinations in Mexico and the Dominican Republic; Travel Impressions®, a prominent U.S. wholesaler possessing an extensive global portfolio; CheapCaribbean.com®, a popular online travel agency specializing in luxury vacation packages and resort accommodations in Mexico and the Caribbean; Amstar DMC, a destination management company offering premium airport transfers, tours and excursions; and Unlimited Vacation Club®, AMResorts’ popular guest loyalty program for discerning travelers who expect the very best in a vacation experience. For more information on Apple Leisure Group®, visit www.appleleisuregroup.com.
About The Mark Travel Corporation and Trisept Solutions
The Mark Travel Corporation, through its subsidiaries, provides leisure travel services to various destinations worldwide. It manages vacation brands of various airlines and hoteliers. The Mark Travel Corporation was founded in 1974 and is headquartered in Milwaukee, Wisconsin, with additional locations throughout the United States. Trisept Solutions has a strong, modern technology operating suite that connects over 88,000 agents with leading travel suppliers. The Mark Travel Corporation and Trisept Solutions operate as subsidiaries of La Macchia Enterprises, Inc. For more information on The Mark Travel Corporation, visit www.marktravel.com. For more information on Trisept Solutions, visit www.triseptsolutions.com.
