The internet has made its print guides largely redundant. The acquisition was announced Tuesday. 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. Whether there’s room for Lonely Planet is another question. 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. Save. It publishers a variety of resources for travel, including books and digital. "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.”. While CEO Luis Cabrera will be continuing with NC2 Media, Lonely Planet's leadership team will remain intact. Try Pro free Solutions. 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. Lonely Planet is a trusted creator and publisher of print, online and mobile travel resources. The Points Guy Owner Red Ventures Buys Lonely Planet by Skift. CHARLOTTE – Lonely Planet, an internationally recognized global media travel company, is taking a new trip as a company, becoming part of Charlotte-based Red Ventures. Americans to travel despite CDC Covid-19 warnings, Fiumicino: First airport in Europe to activate COVID-tested corridors on routes with US, Aviation industry agrees vital slot use relief, WTTC hosted first virtual AGM with over 120 members and WTTC ambassadors in attendance, How charters are shaping the corporate travel sector’s future, Thanksgiving holiday will not offer an instant boost for domestic tourism in the US, says GlobalData, FITUR 2021, a strategic edition for tourism recovery, International air connectivity crisis threatens global economic recovery, COVID-19: Insights on Travel Impact, Europe – November, The Ibiza Twiins, the new and original MICE destination in Ibiza, Hamburg recognised as "Germany's strongest city brand", Prague Airport receives ACI Airport Health Accreditation, What to remember when you get involved in a motor accident, Shaner Silver Spring Hotel, LLC, announces opening of Fairfield Inn & Suites Harrisburg West/Mechanicsburg, Lynne Davis & Co welcomes African Pathfinder, Marriott International appointments Parool Shah as Vice President of Global Brand PR, Must-have accessories to take on your next trip, Tallinn Airport is moving towards a greener airport, Ashford Castle receives global customer champion award by Leading Hotels of the World, MarketPlace Logan announces opening of XpresCheck COVID-19 testing facility at Boston's airport, Seven practical travel tips after this pandemic, Recapitalisation of gategroup by Shareholders and Amendment of financial indebtedness, Marriott International signs agreement with Magellan Development Group to debut The St. Regis Brand at Chicago, Mall of the Emirates and Ski Dubai launch festive activities, Skiathos island, Greece: Unique by Nature, Leros - An exceptional natural and historical setting, Luxury Four Seasons getaway in French Polynesia, A new world of experiences for old-world wines: Ciacci Piccolomini d’Aragona, The blue and light blue of the Aegean through the complete guide of Cyclades of Greek National Tourism Organisation, Finding the lost Minoan treasure of Ancient Galatas, A Quick Guide to Anguilla – the Best Kept Secret in the Caribbean, Sampran Riverside: The authentic Thai way of life, PM Hotel Group case study on leveraging data management technology to maximize operational efficiency and revenues, The best apartment accommodation in the UK. “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. Lonely Planet's former headquarters in Footscray. Lonely Planet hopes the acquisition will help it increase its business partnerships. Acquired Organization: Lonely Planet Lonely Planet is the leading travel guide brand in the world. Hopefully there isn’t too much consolidation in the food delivery space as that means the promo codes and discounts will die down. “Through seamless experiences and deeper, personalized relationships, we are uniquely equipped to help more people find the information and tools they need to make life's most important decisions.". “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. 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. Given the scale of the financial loss to BBC Worldwide (BBCW), it asked the Executive to commission a review Lonely Planet CEO Luis Cabrera will be stay with NC2 Media but the remainder of its leadership team “will remain intact,” Red Ventures said. 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. In other words, the BBC … I can unsubscribe any time using the unsubscribe link at the end of all emails. Unless, otherwise mentioned by the undersigned writer. Whether there’s room for Lonely Planet is another question. Key island stakeholders from all over the world started cooperation at the GTI e_Convention. Lonely Planet has acquired TRILL Travel, an artificial intelligence-driven travel marketplace that turns Instagram posts into bookable experiences. 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. 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. 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. I can unsubscribe any time using the unsubscribe link at the end of all emails. 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. It has produced over 150 million travel guidebooks, reaches 186 million people annually, and covers 22,000 destinations around the world. VR travel search volume up more than 300% during COVID-19, Element and Amadeus partner to help travel agents deliver the power of cytric Travel & Expense to SMEs, Five top notch countries known for medical tourism, Travelbook Group announce its recent acquisition of GuestFlip PC assets, Avoya prepares for the resumption of travel, Cebu Pacific marks the 49th National Day with Dubai-Manila flights, Never-ending traveling goals? in 2020, The European Aquaculture Society to hold its conference at the Palacongressi di Rimini. This is the second acquisition that Lonely Planet has done since Cabrera joined the company in early February 2019. The international brand has helped hundreds of millions of travelers worldwide learn and enjoy amazing adventures each year through digital and print content, including mobile experiences and sought-after local guidebooks. 1 . Lonely Planet had been owned by NC2 Media. BBC vice-chairman Diane Coyle said: “Mistakes were made in the acquisition and handling of Lonely Planet. Save. © 1999 - 2016, TravelDailyNews Media Network • Reproduction of the content is allowed ONLY with clear reference to the TravelDailyNews International and a link back. Lonely Planet is acquiring ArrivalGuides With 625 destination guides, more than 56,000 points of interest in multiple languages and over 500 officially supplied destination videos, the ArrivalGuides destination content library comes directly from travel experts, tourism bureaus and DMOs around the world. Log In. TPG parent company Red Ventures announced Tuesday morning that it is buying the storied travel company Lonely Planet from NC2 Media. The Lonely Planet magazine, launched in 2008, was described by the managing director of BBC magazines as the "star of the show" and, at the time of the 25% acquisition, eight editions were printed globally and the existing circulation of 60,106 continued to significantly grow. TRILL Travel acquired by Lonely Planet. Summary. 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. 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. 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. The amount of the transaction has not been disclosed. Red Ventures is a growing digital media conglomerate, having recently acquired CNET. 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. #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. 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. A Review of BBC Worldwide’s Acquisition and Ownership Reasons for the review . Shinjuku is the biggest nightlife district in the land of the rising neon sun. The headquarters of Red Ventures in Indian Land, S.C. Lonely Planet, an internationally recognized global media travel company, is taking a new trip as a company, becoming part of Charlotte-based Red Ventures. '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. 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). 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, … 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). Leading travel media company and #1 travel guidebook brand to enhance Red Ventures’ growing travel portfolio. In another huge local media merger, Indian Land-based Red Ventures has acquired the travel brand Lonely Planet from NC2 Media. The travel guide brand will use TRILL’s technology - which analyses images and creates links to booking sites for hotels, experiences or restaurants - to make content on the Lonely Planet … As a trusted provider of print, online and mobile travel resources, Lonely Planet has produced over 150 million travel guidebooks, … Lonely Planet has provided inspiring and trustworthy information for every kind of traveler for nearly 50 years. Terms of the deal were not disclosed. |   Site designed and managed by WRAL Digital Solutions. 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. Overview. Pricing. 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. euros, Gulf Air introduces new fares using Sabre’s branded fares technology, Viva Wyndham introduces complimentary travel insurance programma across resorts, Dr. Stefan Kreuzpaintner new Head of Sales of Lufthansa Group. Lonely Planet acquired by Red Ventures. I want emails from Lonely Planet with travel and product information, promotions, advertisements, third-party offers, and surveys. 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 …
2020 lonely planet acquisition