This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs