Travel Industry
Industry: Email Alert RSS FeedAAA takes stake in ATI. (Travel Agents).(AAA Mid-Atlantic, AmericanTours International L.L.C.)(Brief Article)
Travel Agent, March, 2003
AAA Mid-Atlantic has taken a minority stake in AmericanTours International, Inc. (ATI) to form a new company, AmericanTours International, LLC. The deal marks the second time a AM club has taken a stake in a tour operator (AAA Southern California and Pleasant Holidays). AAA Mid-Atlantic will receive special deals on ATI's products, including self-drive packages, motorcoach tours, city and attraction packages, and hotel packages.
ATI will benefit by increasing its sales volume and positioning the new company as a major provider of private-label travel products for the domestic and international market. ATI headquarters will remain in Los Angeles and under the management and direction of owners Noel Irwin Hentschel, chairman and CEO, and Michael Fitzpatrick, president.
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