The Travel Corporation is an international, privately owned hotel and travel company based in Cypress, California[1] and Bermuda.[3] Its businesses including Contiki, Uniworld and Red Carnation Hotels hosted two million travellers in 2019.[2]
History
The company traces its history to a small hotel outside Cape Town, South Africa, in the early 1900s.[4]
The Travel Corporation's not-for-profitTreadRight Foundation was established in 2008.[5]
On 16th July 2024, The Tollman Family announced the sale of The Travel Corporation to Apollo Private Equity funds, a US-based asset management firm. The sale marks the end of the Tollman family's 104-year-long tenure of private ownership. The deal will see The Tollman Family retain the Red Carnation group of hotels, whereby Apollo will acquire the remaining 18 of TTCs Tour Brands at the close of 2024. [6]
Its Red Carnation Hotels operates in the United Kingdom, Ireland, United States, South Africa, Botswana, Guernsey and Switzerland.[citation needed] Other activities include Florida's Old Townamusement park, Bouchard Finlayson Winery in South Africa[1] and a shareholding in, the also South African, Cullinan Holdings Ltd travel and tourism business.[8]
