Travel + Leisure Co. Acquires Accor Vacation Club for $48.4 Million

Tripadvisor Acquires Liberty TripAdvisor Holdings in $430M Merger

April 29, 2025

Media & Entertainment

Tripadvisor, Inc. acquired Liberty TripAdvisor Holdings, Inc. via a merger in which a subsidiary of Tripadvisor merged with and into Liberty TripAdvisor, with Liberty TripAdvisor becoming an indirect wholly owned subsidiary of Tripadvisor. The deal closed on April 29, 2025 and included cash consideration of about $20 million for Liberty TripAdvisor common shares and about $42.5 million for its preferred stock, plus redemption/repayment of exchangeable debentures.

Vacatia Acquires The Berkley Group and Daily Management

January 2, 2025

Real Estate

Vacatia, a technology-driven hospitality company, acquired The Berkley Group, Inc. and Daily Management, Inc., combining Vacatia’s product and rental capabilities with Berkley and Daily Management’s resort development, sales and property-management expertise. The transaction was financed in partnership with affiliates of Fairfax Financial (via Hamblin Watsa Investment Counsel Ltd.), and brings together more than 2,500 associates servicing over 460,000 owners and managing over 11,000 units across 13 states.

Marriott Vacations Worldwide Acquires Welk Resorts for Approximately $430 Million

January 26, 2021

Restaurants & Hospitality

Marriott Vacations Worldwide (MVW) entered into a definitive agreement to acquire Welk Resorts, a family-owned timeshare and resort operator, for approximately $430 million, including stock. The deal expands MVW’s Hyatt Residence Club footprint by adding eight upper-upscale resorts (nearly 1,400 keys) and ~55,000 owners, and is expected to close in early Q2 2021 subject to customary approvals.

Arrivia Acquires Bon Voyage Travel

January 12, 2026

Restaurants & Hospitality

Arrivia, a global travel loyalty and technology company, has acquired Bon Voyage Travel, a luxury-focused, advisor-led travel agency. The deal preserves Bon Voyage Travel's brand and leadership (President Ryan Hansen remains in place; founder Peter Evans will serve in an advisory role) and is intended to strengthen Arrivia's presence in the premium and luxury cruise market; financial terms were not disclosed.

Apollo-Managed Funds to Acquire The Travel Corporation

July 16, 2024

Restaurants & Hospitality

Apollo-managed funds have entered into a definitive agreement to acquire The Travel Corporation (TTC), a privately held portfolio of 18 travel brands including Trafalgar, Uniworld Boutique River Cruises, Contiki and Insight Vacations. The deal — excluding certain assets such as The Red Carnation Hotel Collection — is part of TTC's family succession plan and is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals.

TBO.com Acquires Classic Vacations for $125M

September 3, 2025

Restaurants & Hospitality

India-based travel distribution platform TBO.com (Travel Boutique Online) has acquired U.S. luxury travel wholesaler Classic Vacations from Najafi Companies for $125 million. Classic Vacations reported approximately $111 million of revenue and $11 million of EBITDA in 2024; the deal brings Classic Vacations' luxury travel advisor network and supplier relationships onto TBO's technology-driven distribution platform as part of TBO's North American expansion.