Canadian travel company Trevello World Holdings, Inc. has entered the U.S. market with the acquisition of North Carolina-based host agency Gifted Travel Network, the Toronto-based parent company of Trevello Canada announced Wednesday.
Sitting at number 58 on Travel Weekly's Power List, Gifted Travel Network reported $167.8 million in sales in 2023.
Based in Mooresville, North Carolina, the Virtuoso member is owned by Jen Cochrane and boasts more than 30 full-time employees and 360 independent contractors as of 2024.
Gifted Travel Network logo (Photo Credit: Trevello World Holdings)
Cochrane will continue in her role as CEO and become a shareholder in Trevello World Holdings. Meanwhile, the rest of Gifted's executive team will remain in place.
"This collaboration strengthens the foundations we've each built, and together we'll continue driving forward as a transformative force in the future of the travel industry," said Cochrane.
Jen Cochrane, Co-Founder and CEO of GTN. (Photo Credit: Trevello World Holdings)
Trevello World Holdings founder and CEO Morris Chia, who is overseeing U.S. expansion, called the acquisition "a pivotal moment for Trevello as we bring our proven expertise and commitment to advisor success into the world's largest travel market."
"Gifted Travel Network's stellar reputation in the luxury sector and dedication to fostering a collaborative, entrepreneurial community make them the perfect partner to help accelerate our growth strategy," added Chia.
"We are committed to developing a sustainable and rewarding future for travel advisors. With the acquisition of GTN we are taking the first step forward in starting to reimagine what success looks like in this industry."
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