NEW YORK, Feb. 17, 2011 /PRNewswire/ -- Adventure Center is pleased to announce that it has significantly expanded its range of adventure product, thanks to an agreement entered into by TUI Travel PLC and Intrepid Travel.
The proposed strategic venture will combine Intrepid Travel with TUI Travel's international portfolio of adventure brands to create PEAK Adventure Group. As part of TUI Travel, Adventure Center is included in the new venture and will become one of the brands operating under PEAK Adventures.
The strategic venture will provide Adventure Center with access to Intrepid Travel's global range of small group adventures that includes more than 1000 itineraries to over 100 countries on all seven continents. This significantly enhances Adventure Center's existing offering of 2000 trips in 130 countries.
PEAK Adventures will consist of over 20 businesses that will continue to operate as separate brands. PEAK Adventures will take 340,000 passengers each year. Brands included in the venture are Adventure Center, The Adventure Company, Adventure Tours Australia, Country Walkers, Exodus, Gecko's, Guerba, Headwater, Imaginative Traveller, Intrepid Suntrek, Intrepid Travel, Oz Experience, Peregrine, Pinnacle Tours, Sawadee, TrekAmerica and WesternXposure.
The new strategic venture will have no impact on the travel plans of Adventure Center's or Intrepid Travel's existing clients with all departures going ahead.
Commenting on the announcement, Dallyce Macas, President and CEO, Adventure Center, said: "Intrepid Travel runs quality, fun and sustainable trips that we know our customers will love. It helps cement our position as a one-stop shop for adventure experiences."
Commenting on the announcement, Steven Larkin, President, Intrepid Travel, North America said: "This proposal offers enormous potential to introduce new products to North American travellers. Cost synergies across the business will potentially deliver greater value holidays to a fast growing and competitive sector."
Adventure Center has provided world-class, affordably priced adventure travel experiences with one-on-one advice for more than 40 years. The company's Travel Specialists have personally travelled to more than 130 countries and offer knowledgeable guidance to guests in selecting an "adventure of a lifetime." For more information visit www.adventurecenter.com.
Now in its 21st year of operation, Intrepid Travel is one of the world's leading small group adventure tour operators. www.intrepidtravel.com
TUI Travel PLC
TUI Travel PLC is the world's leading international leisure travel group operating in approximately 180 countries worldwide. www.tuitravelplc.com
SOURCE Adventure Center