Unraveling the Mystery: Who Really Owns Overseas Adventure Travel?
Do you ever wonder who really owns your favorite travel brand? In today’s world of mergers and acquisitions, it can be challenging to keep track of who really owns whom. One such travel company that has been under scrutiny lately is Overseas Adventure Travel (OAT), a popular adventure travel company.
So, who really owns OAT? The answer is Grand Circle LLC. Grand Circle LLC is a collection of travel companies that includes Grand Circle Travel, OAT, and several river cruise lines. The founder and owner of Grand Circle LLC is Alan Lewis, a travel industry veteran who started his career in the 1950s.
Grand Circle LLC acquired OAT in the late 1990s and has since expanded the brand’s offerings to include small ship cruises, land tours, and worldwide adventures. Despite being owned by Grand Circle LLC, OAT operates as an independent brand and has its own team of travel experts and tour leaders.
Although Grand Circle LLC is privately owned, it is estimated that the company generates over $500 million in annual revenue and employs over 3,500 people worldwide. The brand’s success can be attributed to its dedication to personalized service, immersive travel experiences, and sustainable tourism practices.
One notable aspect of OAT’s business model is the company’s commitment to giving back to the communities it visits. OAT partners with local nonprofits and educational institutions to fund projects in areas such as education, health, and environmental sustainability. In addition, OAT strives to provide its local partners with fair wages and opportunities for growth and development.
In summary, OAT may be owned by Grand Circle LLC, but the brand retains its unique identity and commitment to immersive travel experiences and responsible tourism. As travelers, it’s essential to consider the ownership structure of our favorite travel brands and their impact on the communities they visit. By choosing companies that prioritize sustainable tourism practices, we can help ensure a positive impact on the world while experiencing the joys of travel.
Conclusion
The travel industry is constantly evolving, with mergers and acquisitions becoming more common than ever. Knowing who really owns your favorite travel brand is important for understanding their values and priorities. As we’ve seen with OAT, even though it might be owned by a larger company, it can maintain its unique identity and commitment to responsible tourism practices. By supporting companies that prioritize sustainability and community engagement, we can help ensure that tourism has a positive impact on the world.
