Avoya Travel on Thursday announce that Certares Inc. has acquired full ownership of the company, transitioning from joint ownership with the Anderson family to “one of the travel industry’s most respected and experienced investment firms.”
Certares, a global travel, tourism and hospitality investment firm, first acquired a stake in Avoya in late 2021. The firm, along with Jeff and Michael Anderson, served as co-owners. Now, Certares full control of the company, with Jeff and Michael stepping down from their roles as co-CEOS.
This change, Avoya said, “reflects a strong vote of confidence in [its] business model, platform and future growth trajectory.” The travel agency network’s executive leadership team—including Phil Cappelli (chief sales officer) and Mark Francone (chief financial officer)—will remain in place to ensure operational continuity and support future growth in partnership with Certares.
The Anderson family formed Avoya Travel in 2006. Jeff and Michael managed the day-to-day operations for over a decade. They will remain involved through mid-June to assist in the transition. In an announcement, Capelli said, “We’re grateful to Jeff Anderson and Michael Anderson, who helped build Avoya into an innovative leader in leisure travel.”
For more information, visit www.avoyatravel.com.
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