Avoya Travel has announced a major ownership shift, with Certares Inc. acquiring full ownership of the company. Previously co-owned with the Anderson family, the transition marks a significant endorsement of Avoya’s business model and long-term growth strategy.
The current executive team—including Chief Sales Officer Phil Cappelli and Chief Financial Officer Mark Francone—will remain in place to lead the company forward alongside Certares.
In a statement via email, Cappelli expressed its appreciation, saying: “We’re grateful to Jeff Anderson and Michael Anderson, who helped build Avoya into an innovative leader in leisure travel. They will remain involved through mid-June to assist in the transition. We’re happy to provide additional information, schedule interviews, or offer a comment for any upcoming coverage.”
Avoya Travel began over 50 years ago as a small tour company founded by Pat and Pal Anderson. The company distinguishes itself through its innovative approach, utilizing patented technology to match clients with Independent Vacation Planners specializing in various travel experiences.
For more information, visit avoyatravel.com.
