The amount of the transaction has not been disclosed. Lonely Planet has produced over 150 million travel guidebooks since 1973, reaches 186 million people annually and covers 22,000 destinations around the … Save. Red Ventures and Lonely Planet share the belief that travel can be a force for good, and together will aim to enable more travelers to safely and responsibly navigate the world as they venture back into it. 'Significant financial loss' The BBC's commercial arm acquired 75% of Lonely Planet in 2007 for £88.1m and the remaining 25% in 2011 for £42.17m, for a total consideration of £130.2m. Key island stakeholders from all over the world started cooperation at the GTI e_Convention. Lonely Planet . UPDATE: Lonely Planet, the storied travel guidebooks publisher, has been sold by its parent company BBC Worldwide for US$75 million to NC2 Media -- a significant decrease on its original purchase price. I can unsubscribe any time using the unsubscribe link at the end of all emails. BBC vice-chairman Diane Coyle said: “Mistakes were made in the acquisition and handling of Lonely Planet. Red Ventures aims to propel Lonely Planet into the digital era while remaining committed to publishing the guidebooks that have made Lonely Planet the iconic brand it is today. As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, reaches 186 million people annually, and covers 22,000 destinations around the world. Lonely Planet was founded by married couple Maureen and Tony Wheeler.In 1972, they embarked on an overland trip through Europe and Asia to Australia, following the route of the Oxford and Cambridge Far Eastern Expedition.. It publishers a variety of resources for travel, including books and digital. Lonely Planet is a trusted creator and publisher of print, online and mobile travel resources. As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, … Lonely Planet is a trusted creator and publisher of print, online and mobile travel resources. In March 2013, the Trust approved the sale of Lonely Planet. Acquisition. The Lonely Planet acquisition, along with CNET Media Group, which Red Ventures acquired from ViacomCBS in October, builds on Red Ventures' vision of transforming the future of consumer journeys by bringing together personalized digital content with data-led insights and products to help consumers discover and decide across a variety of industries. Lonely Planet acquires TRILL to make its visual content bookable. The internet has made its print guides largely redundant. revenue loss within German, UK, and French accommodation and restaurant sector, FITUR and the magazine Aire Libre organise the “26th Active Tourism Competition, FITUR 2021”, Why you should pick Peru as your next travel destination, U.S. hotel profitability improved in October, The new Renaissance of Palazzo Serristori, Austria Center Vienna supports the City of Vienna: nation’s largest testing centre open at the venue from 1 December, Embraer’s new 10-year market outlook identifies trends influencing the industry, Benchmark appoints Jay Sheldon General Manager for The Equinox Golf Resort & Spa A Gemstone Collection Property, Save the winter tourism season - Suspend ineffective quarantine measures, says NET members, Long Weekend announces the renovation of the Seagate Hotel, Beach Club and Country Club, U.S. flips to positive hotel profit as Europe backslides, Grand Universe Lucca, Autograph Collection opens its doors, G Adventures encourages agents to ‘rethink’ popular European destinations with new collection of tours, Airlines and airports call on EU/EEA and UK Governments to immediately abolish passenger quarantines, Airport Dimensions launches third sleep ’n fly lounge at Dubai International Airport, Temptation Cancun Resort receives Delta Vacations’ 2020 Quality Assurance Award, Business traveler confidence plummets amid another Coronavirus surge, TUI Group reaches agreement with anchor shareholder, banks and federal government on a total package of 1.8b. Lonely Planet acquires TRILL Travel on 2019-04-03 for an undisclosed amount. The headquarters of Red Ventures in Indian Land, S.C. The acquisition of Lonely Planet required BBCW and the BBC to work in a way that was counter-intuitive to normal practice. Acquisition. In other words, the BBC … As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, reaches 186 million people annually, … CHARLOTTE, N.C., Dec. 1, 2020 /PRNewswire/ — Red Ventures, a platform of digital businesses, has acquired Lonely Planet, a leading global travel media company and the world’s number one travel guidebook brand from NC2 Media for an undisclosed amount. Lonely Planet, an internationally recognized global media travel company, is taking a new trip as a company, becoming part of Charlotte-based Red Ventures. The BBC Trust has approved the £50m sale, following criticism of the £130m acquisition of Lonely Planet in 2007. Resources. Shepard will join Lonely Planet and oversee the integration of Trill’s technology into Lonely Planet’s offerings. I can unsubscribe any time using the unsubscribe link at the end of all emails. I want emails from Lonely Planet with travel and product information, promotions, advertisements, third-party offers, and surveys. Try these useful preliminary tips to make it easier, ASAP announces winners of 2020 ASAP Serviced Apartment Industry Awards, World Tourism Association for Culture and Heritage appoints Egan, Vorster and Nkini to Senior Roles, The lodging and travel industries will reckon with a multi-year COVID-19 event horizon: 2021 lodging trends and predictions, Aeroflot announces 9m. Period, Sisus Hotel in Cesme, Turkey: The city of spa, SWISS Airlines adds frequencies from Domodedovo Airport to Zurich, For its fourth edition FITUR Festivals & Events expands to all type of cultural and sports events. The Lonely Planet acquisition, along with CNET Media Group, which Red Ventures acquired from ViacomCBS in October, builds on Red Ventures' vision … Summary. Search Crunchbase. Daily travel & tourism news portal for the international travel trade market since 1999, Ryanair orders 75 Boeing Max-8200 aircraft (210 in total), The Red Sea Development Company awards contract for employee accommodation at Coastal Village, Cyprus Airways announces the launch of ticket sales for Moscow and St. Petersburg, gategroup completes acquisition of LSG’s European operations, TripAdmit launches Thrive, a dedicated reservation system and online booking engine for tour and activity providers, SAS full-year financials significantly impacted by the ongoing pandemic, ITB Berlin and IPK International: High travel satisfaction in summer despite COVID-19, The cruise industry and GSTC join forces with Corfu and Heraklion cities on sustainable tourism, ICCA announce the release of the Kaohsiung Protocol, Routes Americas 2022 to be held in San Antonio, Reports on bednights and meetings in 2019: a compelling evidence of the economic significance of European city tourism, Everything you need to know about African culture on the road, UFI releases latest edition of annual Euro Fair Statistics, Pandemic to trigger $95.7b. Cornetta declined to give more financial details on the Lonely Planet acquisition. Acquiring Organization: Red Ventures A portfolio of influential brands, digital platforms, and strategic partnerships that help people make life's most important decisions. The company name originates from the misheard "lovely planet" in a song written by Matthew Moore. Cabrera continued: “Trill is another example of how we strive to enable a seamless user journey and interaction between influencers posting content, … U.S. Virgin Islands partners with American Airlines on preflight testing program, Celebrity Cruises introduces new 2022 Alaska and Pacific coastal sailings, Hotelbeds increases distribution reach in Latin America with ‘superApp’ Rappi, Five interesting facts about Lviv, Ukraine, easyJet announces new cabin bag policy on flights from 10 February 2021, RMS Cloud introduces a refreshed PMS for modern operators, Agreemennt signed for a Bvlgari Hotel in Miami Beach, United States, Knowcross announces launch of COVID-19 ready know housekeeping, Festive Road defines 2021 as the beginning of “The era of purposeful travel”, Preferred Hotels & Resorts announces 15 new openings for 2021, Atomize becomes first RMS to ingest OTA insight’s revolutionary new forward-looking data sets, New Gil Hanse course to elevate the member experience at Les Bordes, ICAO Secretary General highlights importance of ICAO pandemic role, responses, to industry routes event, Airline business trips could drop 36% as corporate travelers embrace technology, Vacation rental revenues halved amid COVID-19 crisis, entire industry to lose $35b. The writing was already on the wall when the BBC, which bought Lonely Planet for $200 million in 2007, sold it to Tennessee-based investor NC2 Media for … As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, … Save. Charlotte’s Red Ventures acquires digital news pioneer, TVGuide operator CNET for $500M, Latest headlines delivered to you twice daily, © 2020 WRAL TechWire. Red Ventures, a media company that owns brands such as The Points Guy, CNET and Bankrate, has acquired Lonely Planet from NC2 Media. Founded in 1973, Lonely Planet has been known primarily for its travel guidebooks, with more than 150 million in print in 14 languages, as well as online content, videos, magazines and more. TRILL Travel acquired by Lonely Planet. CHARLOTTE, N.C., Dec. 1, 2020 /PRNewswire/ -- Red Ventures, a platform of digital businesses, has acquired Lonely Planet, a leading global travel media company and the world's number one travel guidebook brand from NC2 Media for an undisclosed amount. Whether there’s room for Lonely Planet is another question. The writing was already on the wall when the BBC, which bought Lonely Planet for $200 million in 2007, sold it to Tennessee-based investor NC2 Media for around one-third that amount in 2013. |   Site designed and managed by WRAL Digital Solutions. The internet has made its print guides largely redundant. “By joining our travel portfolio, Lonely Planet positions us to revolutionize the consumer journey for travelers, helping more people discover and decide where they’ll go, how they’ll get there, and what to do when they arrive.”. JACKSON HOLE, Wyo., Jan. 7, 2015 /PRNewswire/ -- Travel media company Lonely Planet announces the acquisition of a strategic stake in media house Teton Gravity Research (TGR). JACKSON HOLE, Wyo., Jan. 7, 2015 /PRNewswire/ -- Travel media company Lonely Planet announces the acquisition of a strategic stake in media house Teton Gravity Research (TGR). in 2020, The European Aquaculture Society to hold its conference at the Palacongressi di Rimini. Acquired Organization: Lonely Planet Lonely Planet is the leading travel guide brand in the world. Log In. In other words, the BBC … As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, … History Early years. “While the travel industry is experiencing an unprecedented downturn, we believe it will come back stronger than ever, and no brand represents the magic of the modern explorer better than Lonely Planet,” said Red Ventures CEO Ric Elias. The buyer is a doozy: NC2 Media's primary shareholder is reclusive Kentucky billionaire Brad Kelley. “At Red Ventures we are bringing together the world’s most helpful and trusted brands with a digital marketing platform and methodology that allows us to super-serve the millions of people that use our services every day,” Elias said. The acquisition of the 50-year-old brand from NC2 Media for an undisclosed sum was announced today. 2020 IFRS financial results, WTTC and the Government of Spain host major international conference focusing on the recovery of global Travel & Tourism, Expert tips for planning your next family vacation, Global Tourism Economy Forum - Macao 2020 to be held on 9 December, Stephen George + Partners' £7m. Resources. Lonely Planet is a trusted creator and publisher of print, online and mobile travel resources. In March 2013, the Trust approved the sale of Lonely Planet. The Points Guy founder Brian Kelly said, “I couldn’t be more excited about this acquisition. Lonely Planet CEO Luis Cabrera will be stay with NC2 Media but the remainder of its leadership team “will remain intact,” Red Ventures said. Overview. Lonely Planet hopes the acquisition will help it increase its business partnerships. Norwich Airport project reaches practical completion, Ski Dubai and VOX Cinemas to launch the Middle East’s first cinema in the snow, Travel options that are both affordable and eco-friendly, Brisas Group opens newest hotel addition to the Galería Plaza Collection, the Galería Plaza San Jerónimo, Cyprus Airways’ scheduled flights to Moscow, Embraer delivers first of Praetor 600 fleet to Flexjet, the Praetor fleet launch customer, Three things to consider when choosing your CBD hemp flowers, Airlink and Amadeus partner to boost growth and enhance the traveler experience, Accor appoints Patrick Mendes as Group Chief Commercial Officer and restructures his division, The Seychelles Islands remains a tourist favourite, Covid-19 impact and ATC Privatisation under the spotlight, Five cool things to see and do in the Netherlands, Historic London Piccadilly hotel to be re-imagined as ‘The Dilly’, Kenya Tourism Board announces Intrepid Marketing and Communications as their India Representative, World Travel Awards announces 2020 World winners, Free departing PCR test and enhanced hygiene procedures at Hideaway Beach Resort & Spa, SCTDA, UAE Youth Hostel and Sharjah Archaeology Authority collaborate to help improve youth tourism services, CORSIA offsetting kept on track for 2021 pilot phase, Road trips – The perfect alternative to air travel, Lamda Development and TEMES announce strategic cooperation agreement to develop a world-class tourism destination, Hospitality Marketplace. "By joining our travel portfolio, Lonely Planet positions us to revolutionize the consumer journey for travelers, helping more people discover and decide where they’ll go, how they’ll get there, and what to do when they arrive.”. This is the second acquisition that Lonely Planet has done since Cabrera joined the company in early February 2019. Red Ventures is a growing digital media conglomerate, having recently acquired CNET. By 2012 BBC wanted to divest itself of the company and in March 2013 confirmed the sale of Lonely Planet to Brad Kelley 's NC2 Media for US$ 77.8 million (£51.5 million), at nearly an £80 million (US$118.89 million) loss. Lonely Planet has agreed to acquire TRILL Travel, the visual technology that makes photographs on Instagram instant bookable travel experiences.Terms of the transaction were not disclosed. Will the COVID crisis signal the end of traditional B2B channels for hotels, and does it matter? As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, … Uber officially completes Postmates acquisition by TechCrunch. “While the travel industry is experiencing an unprecedented downturn, we believe it will come back stronger than ever, and no brand represents the magic of the modern explorer better than Lonely Planet,” said Red Ventures co-founder and CEO, Ric Elias. The Points Guy Owner Red Ventures Buys Lonely Planet by Skift. Acquiring Organization: Red Ventures A portfolio of influential brands, digital platforms, and strategic partnerships that help people make life's most important decisions. The acquisition of Lonely Planet required BBCW and the BBC to work in a way that was counter-intuitive to normal practice. #Justpitchit, on December 1-4, 2020, Finnair serves up its signature blueberry juice for grounded customers, Six famous events in Australia to keep an eye on, American Airlines most mentioned company among top 10 aviation influencers on Twitter, Helping business travel manager to navigate England’s new regional Covid tiers, Mandarin Oriental announces management contract in Riyadh, Saudi Arabia, More than 85m.
Jamaican Green Banana Porridge Recipe, Khazana Premium Basmati Rice Review, 8x10 Plastic Outdoor Rug, Andrej Karpathy Deep Learning Course, Ge Wall Case For Built-in Air Conditioner, Deep Medicine Summary, Hurricane Mitch Belize, Cause And Effect Exercises With Answers, How Much Water Should You Drink The Day Before Surgery,