Ovation Travel Group, Inc.

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Ovation Travel Group, Inc. - overview

Established

1984

Location

New York, NY, US

Primary Industry

Travel & Leisure

About

Ovation Travel Group, Inc. is a specialized provider of corporate travel management solutions, focusing on personalized services to ensure seamless business travel experiences for clients across various sectors. Founded in 1984 and headquartered in New York, US, Ovation Travel Group, Inc. operates as a high-touch travel solution under Amex Global Business Travel.


In January 2021, the company was fully acquired by GBT Travel Services UK Limited, with financial terms undisclosed. Paul Metselaar serves as the CEO, leading the organization since its inception and bringing extensive experience in the travel industry. Ovation offers a comprehensive suite of services tailored to corporate travel management, including personalized travel planning, streamlined booking processes, and enhanced customer service. The company primarily serves clients in North America and Europe, focusing on sectors such as finance, technology, and consulting, providing efficient travel solutions and extensive support throughout the travel lifecycle.


Ovation generates revenue through service fees and commissions from travel bookings, engaging in direct-to-business transactions. Their pricing structure includes a variety of plans that cater to different corporate needs, ensuring flexibility and ongoing service agreements with clients based on specific travel arrangements. Following its acquisition on January 21, 2021, Ovation intends to leverage GBT Travel Services UK Limited's resources to enhance its service capabilities. The focus will be on expanding into new international markets to broaden its client base and improve service offerings.


The acquisition aims to support these growth initiatives by enhancing the operational capabilities available to Ovation, ensuring it remains competitive in the corporate travel sector.


Current Investors

GBT Travel Services UK Limited

Primary Industry

Travel & Leisure

Sub Industries

Travel & Tourism

Website

www.ovationtravel.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Ovation Travel Group, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedOvation Travel Group, Inc.-

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Ovation Travel Group, Inc. - employee data

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