This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Travesse Lifestyle Ltd. Acquires Perfect Escapes Inc.

LONDON, April 24, 2012 /PRNewswire/ --

Leading members-only travel club set to create unrivalled online luxury travel service

Luxury travel specialist Travesse Lifestyle Ltd. has acquired San Francisco-based Perfect Escapes Inc ., owner of five well-established luxury travel websites.

Previously known as Flash Sales Ltd., Travesse Lifestyle Ltd. already owns the exclusive, members-only luxury travel site Travesse.com in the UK, as well as TheTravelEditor.com, a leading source for travel-specific editorial content.

In addition to the Perfect Escapes flagship, Travesse Lifestyle's portfolio now includes the private-sale luxury travel site Spire, boutique hotel and villa specialist Chic Retreats, UK-focused Travel Intelligence, and luxury lifestyle curator Suzanne's Files. Along with the Perfect Escapes site network, Travesse has also acquired Starfish  Interactive, a proprietary online booking engine and inventory-management system for luxury travel. Besides powering the company's own brands, Starfish also partners with top travel sites including Condé Nast Traveller (UK), Red Online, Room for Romance, Luxique, and Luxe City Guides.

The move allows Travesse Lifestyle to provide customers with the complete luxury online experience. With a large and ever-growing collection of luxury hotels, and an exceptionally strong buying team in both the US and Europe, the company will offer an unrivalled selection of hand-picked hotels for online booking, while continuing to provide members with preferential rates at a selection of luxury hotels around the world.

With editorial recommendations by established travel writers at TheTravelEditor.com, Travel Intelligence,  and   Suzanne's Files, as well as a customer service center staffed by luxury travel specialists, Travesse .com will soon offer its customers much more than private sales.

"This acquisition marks a very exciting stage in the evolution of Travesse. Our aim is to create an unrivalled online luxury travel service, and this move means we are the only operator able to provide hand-picked offers, real-time booking, and independent editorial content. We are offering members a true luxury travel experience, not just a room for the night," says Amir Azulay, CEO of Travesse Lifestyle Ltd.

"Although the company has continued to grow since we acquired it in July 2011, 2012 will be a defining year for Travesse. We are committed to continually improving our service offering while keeping the customer's needs as our main focus. By bringing together these established brands and our network of partners under the Travesse name, we aim to be the market leader in the online luxury travel sector," continues Azulay.

Despite the global economic downturn, key industry analysts* predict that the luxury travel market will grow further in 2012. Combined with a rising demand for 'affordable luxury', Travesse is well placed to become a major online luxury travel provider this year.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs