Kuoni Group Announces Acquisition of U.S. Destination Management Division of TBA Global, LLC

ZURICH, Feb. 2 /PRNewswire/ -- The award-winning global travel company, Kuoni Group (KUNN), has announced the acquisition of the U.S. offices of the Destination Management Division of TBA Global, LLC, a New York-based, leading producer and marketer of connective brand experiences. The latest move in Kuoni Group's continuing corporate growth strategy, this acquisition will greatly broaden the travel company's existing global reach in destination management while enhancing its profile in the U.S. market.

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TBA Global, LLC is among the world's leading producers and marketers of connective-brand experiences, catering primarily to high profile, Fortune 1000 companies. The U.S. operation of the Destination Management Division of TBA Global employs expert managers and local resources to create turnkey events for the business market, including entertainment experiences, customized excursions and incentive tours. The division's expertise ranges the entire spectrum of destination management, with long-standing relationships with clients and suppliers alike.

The acquisition greatly enhances Kuoni's U.S. presence, heightening the company's ability to diversify its operations while creating perfect moments for new business clientele through the growth of its domestic brand, along with sister company AlliedTPro Inc. The Destination Management Division of TBA Global currently counts 65 employees through 9 offices across the U.S., including Chicago, Las Vegas, Miami, New Orleans, Orlando, Scottsdale, San Diego, San Francisco and Washington, DC. Taken together, these specialists offer an exceptional skill set, enabling KDM to not only fulfill, but also expand travel operations in this major market.

With its focus on expansion, differentiation and client satisfaction, KDM anticipates low employee turnover and seamless integration of the Destination Management Division of TBA Global into its own destination management operations. Said Jane Rossmango, Chief Executive Officer Destination North America for KDM: "The acquisition of the Destination Management Division of TBA Global is a tremendous step forward for Kuoni in the U.S., adding a tested team of travel and event specialists to diversify and enhance our corporate destination management operations as well as our presence in the world's most important travel market. We look forward to taking full advantage of resulting synergies between our two companies, and to passing benefits along to our growing portfolio of clientele."

ABOUT KUONI DESTINATION MANAGEMENT

Kuoni Destination Management, one of the world's leading Destination Management Companies (DMC), is a Division of the Kuoni Group (www.kuoni-group.com). The company provides a wide range of destination and event management services in the leisure group, sports events, cruise, meetings, incentives, conference, events, congress, and individual travel fields at destinations all over the world. These services are offered to international tour operators, wholesalers, meeting planners, incentive houses and congress organizers. Kuoni Destination Management has a workforce of 2,286 (full-time-equivalent) employees worldwide. Its international network consists of over 60 DMCs and some 20 sales offices throughout Africa, Arabia, Asia, Australia, Europe, India and the USA: www.kuoni-dmc.com

SOURCE Kuoni Group

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