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JTB Group Acquires Kuoni Global Travel Services

JTB Group Acquires Kuoni Global Travel Services

The JTB Group has acquired all shares of Kuoni Travel Investment, i.e. Kuoni Global Travel Services, for an undisclosed sum. It will manage the new company under the JTB European managing company TPE.

JTB’s president & CEO Hiroyuki Takahashi said the acquisition is part of a plan to strengthen the inbound business from Asia to Europe. Kuoni Global Travel Services is one of the world’s leading travel companies with an important presence especially in Asian leisure and corporate groups visiting Europe, with high brand value from operating for more than 100 years.

Within the JTB family, Kuoni Global Travel Services will continue to operate as a neutral land operator to work with many companies other than JTB.

Insiders have been watching Kuoni closely for two reasons: it has been a major player in the European market for many years at the same time, in recent years, it has strategically been unloading portions of the company: Two years ago, the owner of German operator DER Touristik acquired Kuoni Group’s tour operating businesses.

A year later, EQT VII, the Swedish private equity company that owns Scandic Hotels purchased the Kuoni Group. The intention was to focus on the three core businesses of Kuoni: GTA, GTS (Kuoni Global Travel Services including Destination Management Specialists) and VFS.

Following that, EQT VII sold a chunk of Kuoni’s DMC network comprised of AlliedTPro US, Asian Trails, Austrailian Tours Management, Desert Adventures/Gulf Dunes Middle East and Private Safaris Africa, to Thomas Cook India.

The sale of Kuoni Global Travel Services (GTS), with its Group Travel Experts as well as the European and North American MICE businesses, to JTB Corporation, is the latest development.

To that end, Kuoni Group Travel Experts will continue as  a B2B organization that provides bespoke packaged tours for leisure and incentive groups and tour operators. Its Global MICE division curates meetings, events, incentives and congresses/conventions   for clients in Europe and North America, trading   under the Kuoni Destination Management, Kuoni Congress, and Conference & Touring brands. Both Kuoni Group Travel Experts and Global MICE (through Kuoni Destination Management) will retain its  New York office. 

The JTB Group is a Global Destination Management Company (Global DMC) with a worldwide network of 516 offices in 100 cities in 36 countries and regions, and with approximately 26,000 employees working together.

Some of Kuoni’s recent moves include:

- The GTA merger into the Hotelbeds Group, announced in April 2017. After a synergetic add-on acquisition in 2016, the merger into Hotelbeds represents a compelling opportunity for GTA to co-create a strong platform for future growth. EQT VII and the Kuoni and Hugentobler Foundation will remain invested in the Hotelbeds Group to support its future growth trajectory.

- The sale of the Destination Management Specialists (DMS) to Thomas Cook India Group, announced in April 2017.

-  The sale of Kuoni Global Travel Services (GTS), with its Group Travel Experts as well as the European and North American MICE businesses, to JTB Corporation.

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Kuoni Travel Holding Ltd.

Kuoni Travel Holding Ltd. oversees one of Europe's top five travel and tour groups. Based in Zurich, Switzerland, the company is particularly strong in both its domestic and U.K. markets, but is also present throughout Europe, especially in Scandinavia, with a rising presence in the United States and Asian markets. Kuoni Travel operates in three primary areas of business: Leisure Travel, which accounts for more than 85 percent of the company's sales; Business Travel, through its BTI unit, which handles travel coordination activities for the small and mid-sized and large-scale corporation markets; and Incoming Services, which provides travel destination services, such as touring and sightseeing packages. The company markets it high-end tours and travel packages under the Kuoni name. Discount travel packages are offered under the Helvetica brand name. Switzerland remains the company's single largest market, representing slightly less than one-third of its total sales. The U.K. and North American markets together provide less than one-third of sales. The European continent, including Scandinavia, added another roughly 30 percent to Kuoni's total sales, which topped SFr 4 billion in 2000. Kuoni has been stepping up the pace of its acquisitions at the turn of the century. After being thwarted in its attempt to merge with the United Kingdom's First Choice Holidays Plc, which would have helped the company create a counterweight to Europe's market-leading Preussag-Thomson alliance announced in early 2000, Kuoni has changed direction, targeting the Scandinavian, Indian, and North American markets for its future growth. Listed on the Swiss stock exchange, Kuoni is led by Chairman Daniel Affolter and President and CEO Hans Lerch.

Early Twentieth-Century Travel Pioneer

A native of Chur, Switzerland, Alfred Kuoni moved to Zurich to open a travel agency in 1906. If the company's name--Travel Bureau--was not all that original, Kuoni quickly established itself as a pioneer in exotic travel destinations. One of the company's first organized tour packages took Swiss citizens on a guided tour to far-off Egypt. In 1925, Kuoni reincorporated as a joint-stock company, with shares remaining within the Kuoni family. Through the years leading up to World War II, Kuoni expanded from its original location to include a number of sales offices throughout Switzerland. Despite its success in its home market, the company recognized early on that Switzerland was too small for its growing ambitions. The company also opened its first international office, in Nice, in the south of France. Further international moves were thwarted by the buildup to and outbreak of World War II.

Kuoni's international expansion began almost immediately after the end of the war. In 1948, the company opened its first international subsidiaries, in Italy and France. Kuoni also continued to pioneer new and exotic travel destinations, such as the organization of the first charter flights to Africa. In 1957, the Kuoni family established the Kuoni and Hugentobler Foundation under which to group their holding; much later, with Kuoni's public listing, the foundation would became the company's primary shareholder.

Kuoni began looking farther afield in the 1960s. In 1963, the company made its first entry into the Asian markets with the opening of a branch office in Japan. Two years later, Kuoni entered what was later to become one of its most important single markets when it acquired the United Kingdom's Challis & Benson Ltd. The importance of the U.K. market to Kuoni was seen at the beginning of the 1970s when the company changed its name--and its U.K. operations' name--to Kuoni Travel Ltd.

The company's listing on the Swiss stock exchange provided fuel for new growth, while opening up the company's shares to new partners, including SwissAir, which built up a 30 percent share in Kuoni. The public listing enabled the company to step up its international growth. After opening a subsidiary in Austria at the beginning of the decade, Kuoni now launched subsidiaries in Germany and Spain, both in 1973, and a subsidiary in Greece the following year. The year 1974 also saw Kuoni step up its position in the U.K. market, when it acquired Houlders World Holidays, based in England.

While building up its international network, Kuoni also was launching new products. In 1977, the company began marketing its first around-the-world tour. In the 1980s, Kuoni began to acquire properties in many of its most popular destinations, adding a number of hotels, including the Hawksbill Beach Hotel in Antigua in 1981 and the Discovery Bay Beach Hotel in Barbados, bought in 1984. In 1986, Kuoni became the first tour operator to offer around-the-world charter flights on the Concorde supersonic jet. Although this latter product catered to the company's strong high-end and high-margin clientele, Kuoni also launched a new brand name, Helvetica, to encompass its discount tour and travel operations.

Takeover Target in the 1990s

The worldwide travel industry remained highly fragmented in the 1990s, with numerous small-scale operators competing against a smaller number of quickly growing industry heavyweights. Kuoni, which had already captured the lead in the Swiss market, was determined to maintain a leadership position as the travel industry headed into a drawn-out consolidation drive leading up to the turn of the century. The company acquired Reiseburo NUR Neckermann in 1987, boosting its position in the Austrian market. Three years later, the company regrouped its Austrian activities, launching the NUR Neckermann Reisen AG joint venture with Germany's Neckermann Touristic. Kuoni's part of the joint venture remained at 49 percent.

Back home, the company continued to consolidate its dominance of the Swiss market, acquiring Privat Safaris, the country's leading operator of tours to eastern Africa, and Reiseburo Popularis, which combined retail offices with direct sales operations marketing discount tour and travel packages. Yet Kuoni's strong position in the Swiss market and its growing share internationally soon led it to become the target of a takeover attempt. The sale of SwissAir's 30 percent holding created the opening for Germany's Krauthof AG department store group to acquire a 50.1 percent majority of Kuoni in 1992.

Kuoni, through the Kuoni and Hugentobler Foundation, nonetheless retained majority control of the company's voting rights--which provided the leverage to the resolution of the takeover attempt. In 1995, the Kuoni and Hugentobler Foundation bought out Krauthof's stake in the company. The company then changed its name to Kuoni Travel Holding, a move that also reflected a new diversification drive: in 1995 the company acquired Danzas Reisen AG, a Switzerland-based specialist in business travel services. The Danzas acquisition led Kuoni to create a dedicated business travel unit. The company also acquired retailer Kewi Reisen, while integrating its majority share of Railtour Suiss SA, acquired the year before.

Industry Consolidator for the 21st Century

With its independence assured, Kuoni launched its own acquisition drive in the late 1990s. In 1996, Kuoni added France's Voice SA, and Scanditours, focused on the Nordic region. The company moved into The Netherlands with the acquisition of Special Traffic that same year. Kuoni also looked to the potentially huge market of India for the first time, acquiring SOTC Holiday Tours, which provided the basis for its Kuoni India Ltd. subsidiary. Two other acquisitions completed the company's busy years, those of Rotunda Tours, expanding Kuoni into South Africa, and CIS Intersport, a Swiss company catering to the growing demand for sports-oriented holiday packages. In 1996, also, the company's Edelweiss Air launched its charter flight operations.

Kuoni's expansion campaign continued strongly through the end of the century, including the launch of the P & O Travel Ltd. joint venture with Peninsular and Oriental Steam Navigation Company, based in Hong Kong, with offices in Bangkok and Singapore. The 1997 joint venture strengthened Kuoni's position in the Asian market, which, despite the austere economic climate in the region at the end of the decade, promised to become one of the world's stronger holiday markets. Closer to home, Kuoni continued lining up acquisitions, especially Voyages Jules Verne, a U.K. upscale tour operator, and Switzerland's Manta Reisen, which specialized in scuba and other deep-sea holidays. The company also acquired German business travel specialist Euro Lloyd Reisenburo, which it combined with its other German operations into the new subsidiary BTI Euro Lloyd, one of that market's top five business travel companies. Also in 1998, Kuoni launched a joint venture with Italy's Gastaldi Tours.

The next year saw Kuoni face a major setback. At the beginning of 1999, the company announced its agreement to merge with the United Kingdom's number three travel operator, First Choice Holidays. The merger, agreed to by both sides, was thwarted by a surprise takeover attempt from rival U.K. operator Airtours Plc, which offered a higher per-share price. When the majority of First Choice's shareholders chose to back the Airtours offer--which itself was blocked by the European monopolies commission--Kuoni pulled out of the merger talks.

The First Choice merger might have allowed Kuoni to become not only a major player in the U.K. travel market but to boost its position to the top ranks in all of Europe. After the collapse of the merger, however, Kuoni redirected its strategy to other markets. Three markets in particular were to receive its attention: the United States, Scandinavia, and India. In 1999, Kuoni acquired upscale travel company Intrav, based in St. Louis, Missouri; the Intrav acquisition, which cost Kuoni $115 million, gave it a strong opening into the booming U.S. market for luxury vacations. The following year, the company acquired T Pro, an incoming services specialist based in New York and the number three incoming services provider to the U.S. market.

The year 2000 saw Kuoni not only strengthen its hold on the Swiss travel market--taking a 49 percent share in ITV, Switzerland's third largest tour group and subsidiary of Germany's Preussag--but also expand its presence in its new target markets of Scandinavia and India. The first was served by the acquisition of 49 percent of Apollo Resor, based in Stockholm, Sweden, and then boosted by the acquisition of Denmark's Dane Tours. In March 2001, the company announced its decision to restructure most of its Scandinavian holdings into a single subsidiary.

On the Indian subcontinent, which represented one of the world's single largest potential markets, the company formed a cooperation agreement with that country's Tata conglomerate at the beginning of 2000. That year the company also acquired India's travel leader, Sita Travel, which was then merged into the company's Kuoni Travel subsidiary. Kuoni was now the leading travel group in India. As the company entered the new century, it promised to continue its acquisition drive to reinforce its new geographic objectives. To fuel its continued expansion, Kuoni performed a ten-for-one stock split, raising another SFr 144 million.

Principal Subsidiaries: Alletiders Rejser A/S (Denmark; 95%); Cosmos Internationales Reise- und Touristenburo GmbH (Austria); Edelweiss Air AG (73%); Euro Lloyd Reiseburo GmbH (Germany); Hellenic Tours SA (Greece); Jet Tours AG; Kuoni Gastaldi SpA (Italy; 55%); Kuoni India Ltd.; Kuoni Japan KK; Kuoni Reisen AG; Kuoni Travel Inc. (U.S.A.); Kuoni Travel Ltd (U.K.); Kuoni Travel Nederland BV; Kuoni Travel (Scandinavia) A/S (Denmark); Kuoni Utazasi Iroda Kft (Hungary); Manta Reisen AG (90%); P & O Travel Ltd. (Hong Kong); Railtour Suisse SA; Voyages Jules Verne Ltd (U.K.); Voyages Kuoni SA (France).

Principal Competitors: Airtours Plc; American Express Company; Carlson Wagonlit Travel; First Choice Holidays Plc; Preussag AG; Thomas Cook Holdings Ltd.

Source: International Directory of Company Histories , Vol. 40. St. James Press, 2001.

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Kuoni , the Swiss-based travel group, has put its outbound tour operator business up for sale in the latest sign of how the internet and low-cost airlines have disrupted the traditional bricks-and-mortar travel agent model.

The company, which ranks among the top five outbound travel agents in Europe by turnover, said it had decided to get out of the consumer travel market and focus instead on its three remaining business-to-business units due to “fundamental changes in the industry”.

Investors responded positively to the move, pushing the shares up 6 per cent to SFr331.50 in Zurich.

Traditional tour operators have struggled over the last decade as more people use online travel portals to book their own holidays, aided by the relatively cheap flights on offer from low-cost airlines.

Kuoni’s tour operating unit included its mass market Apollo brand in the Nordic countries, where it is the third-largest behind Tui and Thomas Cook , to its niche premium Kuoni brand in the UK. It also operates in its domestic Swiss market as well as the Benelux countries, Hong Kong and India — employing some 3,800 people worldwide.

But Kuoni’s largest business unit was a drag on group performance in 2014, generating revenues of SFr2.2bn, or 40 per cent of group turnover of SFr5.5bn, a drop of 2.8 per cent on 2013. Stripping out the travel agency business the three remaining units reported a rise in turnover of 1.1 per cent to SFr3.4bn.

In the first nine months of the year, the travel agency business reported an operating loss of SFr2.1m, dragged down by its Nordic business, while the three other business units combined made operating profits of SFr67.1m

Peter Meier, Kuoni’s chief executive, said the decision to sell was “not related to profitability” as he expected the business to break even in 2015 as the Nordic markets recover.

He said it had been more an issue of “best ownership,” and that the board had opted to seek a buyer after deciding the tour operating business “would always be second” behind the other units when it came to prioritising investment.

He expected digitalisation and the growth of the Asian market to continue to reshape the industry and said the board had decided it did not have the resources to compete.

Kuoni has appointed Morgan Stanley to oversee the sale during the course of 2015. It is possible that the business will be broken up, making valuation difficult. Kuoni said it would seek assurances from any buyer or buyers about the “continued employment” of its 3,800 staff worldwide.

Kuoni’s three remaining divisions include its global travel distribution unit, which is one of the biggest wholesalers of hotel accommodation ranging from some of the large global chains down to independent hotels. Mr Meier said Kuoni had a 7 per cent share of a global market worth about $30bn.

It will also retain its global travel services business, which provides services to inbound group travel, such as organising local transport, theatre tickets and sightseeing tours.

It plans to develop its highly profitable visa processing unit, which provides outsourced visa application processing to 45 governments around the world and has margins just under 20 per cent.

The company said it expected to take a SFr25m exceptional charge to cover the costs of selling its travel agency business.

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Switzerland's Kuoni Group to sell travel assets to REWE

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Switzerland's Kuoni Travel Group says it has sold its tour and travel operations in the Swiss, UK, Scandinavia/Finland, and Benelux markets, to DER Touristik, the travel division of Germany's REWE Group. The value of the transaction, which includes Swedish charter specialist Novair (N9, Stockholm Arlanda ), the Playitas family, and a sports resort on Fuerteventura, has not been revealed though estimates have put it at around CHF125 million (USD133.8 million).

Kuoni Group announced in January this year that it would be exiting the traditional tour operator business in order to focus on its core business as a service provider to the global travel industry and governments. With the disposal, the Swiss company now consists of three divisions including Global Travel Distribution (GTD), Global Travel Services (GTS), and VFS Global.

The acquisition is subject to the approval by the relevant competition authorities in the EU and Switzerland and does not include the Swiss group’s tour operators in Hong Kong/China and India, which are to be sold separately.

Overall, the sale is expected to be completed in the third quarter of 2015.

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Kuoni Global Travel Services

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Thomas Cook to consolidate Kuoni Group’s travel business

Under the new structure, kuoni india ltd will be renamed sotc travels (india) ltd while the brand kuoni will cease to exist by december.

A file photo of Madhavan Menon, chairman and managing director of Thomas Cook, who said the company has decided not to integrate the SOTC with itself even though the licence of using the brand Thomas Cook will expire by 2025.

Mumbai: Tour operator Thomas Cook (India) Ltd is consolidating the travel business of Kuoni Group in India six months after acquiring it.

Under the new structure, Kuoni India Ltd will be renamed SOTC Travels (India) Ltd while the brand Kuoni will cease to exist by December.

Thomas Cook acquired Kuoni Travel (India) Pvt. Ltd, a travel operator in India, and Kuoni Travel (China) Ltd, a premium travel operator in Hong Kong, last year.

As part of the consolidation, Kuoni’s inbound travel businesses SITA Travels and destination management business Domestic Frontiers will be de-merged from Kuoni India and merged into Thomas Cook’s unit Travel Corp. (India) Ltd.

The third and main travel business—Thomas Cook (India)—will continue to compete with SOTC in the market.

Madhavan Menon, chairman and managing director of Thomas Cook, said the company has decided not to integrate the SOTC with itself even though the licence of using the brand Thomas Cook will expire by 2025.

“We are choosing a safer bet by not integrating two brands. However, we will be sharing non-customer facing services such as human resources, IT, legal, administration, media buying and airline buying with Kuoni to derive synergies," Menon said.

He said Thomas Cook and Kuoni will compete in product development, pricing, sales and other aspects as two separate entities.

Kuoni Travel Group India managing director Vishal Suri said the company is in the process of de-risking the business and transitioning into a new SOTC brand.

Suri said the brand Kuoni will cease to exist from December.

“An independent board would be running SOTC and it will continue to run its business independently. The pricing and products would be different from Thomas Cook," Suri said.

Menon acknowledged that the licence to use the brand Thomas Cook will expire by 2025 and that the firm has not decided whether it should renew the same or use the SOTC brand.

“Nine years is a long time to decide on branding. The Kuoni acquisition has allowed us to use the brand SOTC in perpetuity. However, nothing has been decided as of now," Menon said.

A total of 103,617 tourists arrived in India on e-tourist visas in December, compared with 14,083 during December 2014, registering a growth of 635.8%, the ministry of tourism said on 14 January. The UK continues to occupy top slot followed by the US and the Russian Federation among countries using the e-tourist visa facility.

Menon said the outlook for the travel industry for both domestic and international is positive despite slowing economies across the world.

Thomas Cook is promoted by Fairfax Financial Holdings Ltd through its wholly-owned subsidiary, Fairbridge Capital (Mauritius) Ltd and its controlled affiliates.

A travel consultant requesting anonymity said Thomas Cook is nurturing a new brand SOTC as it facing the expiry of its brand by 2025.

“However, it is not a wise decision not to integrate SOTC with Thomas Cook for the simple reason that a customer will get similar travel products from both Thomas Cook and SOTC. It will lead to cannibalization," he said.

He added that while companies are buying rivals to grow and integrate, in this case customers are being given more options, which may lead to undercutting of prices.

Thomas Cook’s Menon said any business decision is fraught with risk and it up to the management to take risk-mitigation measures.

In 2014, Thomas Cook acquired vacation ownership firm Sterling Holiday Resorts (India) Ltd in a ₹ 870 crore part-equity, part-cash deal structured as a multi-stage process.

However, it maintained Sterling as an independent entity.

Menon said Fairfax Financial is giving Thomas Cook a free hand to run its business and that Thomas Cook in turn will allow SOTC to be run independently.

He said the necessary management changes have been made to run all three businesses independently.

Deepak Deva has given charge of Travel Corp. (India) and Suri was given the charge of SOTC this month.

Since 1 January, Menon was redesignated by Fairfax as chairman and managing director.

Menon said Thomas Cook has only around ₹ 200 crore debt post the acquisition of Kuoni.

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Visit your local store or make an appointment to get face-to-face advice from our friendly team.

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All inclusive

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Our difference

Your holiday, your way. Planned and perfected by our travel experts.

A Kuoni holiday is full of stories you’ll share for years to come. It begins with our destination experts seeking out the most amazing experiences, hotels and itineraries to share with you, so that you can get to know a destination in an exclusive way.

Each luxury holiday is tailor made. Tell us what luxury means to you – it might be the luxury of space and silence, the chance to take on new adventures, quality time together or time to prioritise self-care – and we’ll find it at the very best value.

We take care of the little details and arrange those added extras you wouldn't get with anyone else; that’s how we make sure you get the most out of your time away.

If you’d like advice from someone who’s been there, need help narrowing down your options or want to chat through your thoughts, you can call us, email us, make an appointment in-store, join a web chat or request a call-back – we’re here whenever you’re ready.

Total peace of mind

You and your Kuoni holiday are in safe hands. All our holidays are ATOL protected, we’re members of ABTA (the leading travel industry association) and we always keep up to date with the latest government travel advice. You'll also have our full support throughout your travels, from our teams in resort and back in the UK.

Travel experts since 1906

We’ve been following in the path of our founder, Alfed Kuoni for over 100 years now. Visionary, adventurer and explorer, always seeking out new places, new experiences and easing the path for fellow travellers to share all he discovered. Little has changed.

Kuoni has grown to become the country’s leading longhaul tour operator, has picked up over 200 service and travel awards and has opened over 40 beautiful Kuoni stores.

View our story

Personal service

Your holiday will be planned by one of our Personal Travel Experts, who will listen to your ideas and expectations, make recommendations, share advice and add extra touches to create the perfect holiday for you.

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The full Kuoni experience

We’re here to take care of you at every step. We’ll make sure you have everything you need before you travel, look after you while you’re away and stay in touch when you’re back.

200+ awards, from our customers and travel professionals

We’re known for exceeding our customers’ expectations and this is reflected in the accolades we’ve received over the years. We're regularly voted the best luxury travel company in the UK and have been awarded Recommended Provider status by Which?, the UK's largest consumer organisation.

More about our awards

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...that’s highly recommended by our customers

We’re committed to making your holiday as incredible as possible. Following their booking with Kuoni, customers rated us on average 9.5 out of 10.

Sharna (Metro centre) and Clare Sweatman (dorking) have been nothing less than exceptional, they have made the entire process more simple and pleasant than I would of thought possible they both exemplify customer service and are utterly proactive in their jobs and a credit to the company.

Harriet Gibbons had done some excellent research for us, based upon preferences that we had given her prior to a personal visit to your Cheltenham Branch; the result was that we got exactly what we wanted - many thanks!

Charlotte Lofty exemplified the professionalism and empathy with a friendliness and helpfulness that puts Kuoni in the forefront of travel.

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SSBM Geneva New Partnership with Kuoni Global Travel Services!

The Swiss School of Business and Management Geneva (SSBM Geneva) is proud to announce the signing of a Memorandum of Understanding (MOU) with Kuoni Global Travel Services (Schweiz) AG , a distinguished travel and excursion agency based in Zurich. The MOU was signed by Dr. Amira Simcox, Dean of SSBM Geneva , Ilhan Yalcin, Regional Manager at Kuoni Global Travel, and Pascal Rerat, Destination Development Manager . This strategic partnership is poised to bring a wealth of opportunities and advantages to both parties, fostering a collaborative environment that will enhance our educational offerings and operational capabilities .

SSBM Geneva MOU with Kuoni Global Travel Services

Expanding Horizons with Tailormade Programs

As part of this partnership, Kuoni Global Travel Services will leverage their extensive network and expertise to make SSBM Geneva’s tailor-made programs more accessible. This initiative aims to create an even more diverse range of students and professionals seeking customized educational experiences that cater to their unique needs and aspirations. By showcasing our specialized programs, Kuoni will help us reach a broader audience, thereby enhancing our global presence.

Comprehensive Support for Accommodations and Activities

In addition to marketing our programs, Kuoni Global Travel Services will provide invaluable support in organizing accommodations, extracurricular activities, and local attractions for our students and staff. This collaboration ensures that our community enjoys a seamless and enriching experience, both academically and culturally. From finding the perfect lodging to arranging captivating excursions, Kuoni’s expertise will greatly enhance the overall experience for everyone involved.

SSBM Geneva and Kuoni Global Travel Services

Enhancing Knowledge Through Educational Seminars and Webinars

An exciting aspect of this partnership is the organization of educational seminars and webinars . These sessions, conducted both internally and externally with key suppliers, will serve to enhance the destination knowledge and expertise of our valuable staff. By staying informed about the latest trends and developments in the travel and education sectors, our team can continue to provide top-notch service and support to our students.

PR and Visa Support for SSBM Geneva Students

Understanding the complexities of international travel and study, Kuoni Global Travel Services will offer PR and visa support for our esteemed students . This assistance will be crucial in ensuring a smooth and hassle-free experience for students and staff who require visas to participate in our programs . By handling these logistical challenges, we can focus on delivering a superior educational experience.

A Bright Future Ahead 

The signing of this MOU marks the beginning of a dynamic and fruitful partnership between SSBM Geneva and Kuoni Global Travel Services . Together, we are committed to providing exceptional educational opportunities, comprehensive support services, and enriching experiences for our community. We look forward to a future filled with growth, innovation, and mutual success.

Stay tuned for more updates as we embark on this exciting journey with Kuoni Global Travel Services.

SSBM Geneva and Kuoni Global Travel Services

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Alary's Bar has 'soft open' before official re-opening under new ownership

A lary's Bar, which had been a fixture of downtown St. Paul since 1949, closed last summer  but said at the time it was just "goodbye for now" and that Alary's would have a "new era" at some point.

It was later announced that Alary's would re-open under new ownership. Since then, it has sporadically opened for special events, including the NCAA Frozen Four earlier this year. However, it appears that the bar is almost ready for its "new era," after a "soft open" preview this weekend.

The bar announced on Facebook that it's "not yet ready to officially reopen," but offered a "sneak peek" this weekend. The bar had a soft open on June 14 and June 15 from 4 p.m. to midnight. 

Alary's Bar was founded by Larry Lehner and Al Baisi, a former lineman with the Chicago Bears in the 1940s. No surprise, then, that it was long a Sunday hotspot for Chicago Bears fans. 

It appears the bar's rooting allegiance will not change. The redecorated bar shared a tease on social media featuring a wall adorned with photos of the Baisi-era Bears, as well as one of the former owner's jerseys.

Alary's Bar

Title Transfers and Changes

To prove vehicle ownership, it’s important to have a valid, up-to-date, and accurate California Certificate of Title. Here’s how you can transfer and change a title. 

Transfer your Title online!

You can now transfer a title online. Learn more about the steps and get started.

How to Transfer a Title

Anytime there’s a change to a vehicle or vessel’s registered owner or lienholder, that change must be updated in DMV’s records within 10 days and the California Certificate of Title must be transferred to the new owner.

A change in ownership is usually due to:

  • Sale, gift, or donation
  • Adding or deleting the name of an owner
  • Inheritance
  • Satisfaction of lien (full payment of car loan)

To transfer a title, you will need:

  • Either the California Certificate of Title or an Application for Replacement or Transfer of Title (REG 227) (if the title is missing). 
  • The signature(s) of seller(s) and lienholder (if any).
  • The signature(s) of buyer(s).
  • A transfer fee .

Depending on the type of transfer, you might need to complete and submit additional forms. See below for other title transfers and title transfer forms.

Submit your title transfer paperwork and fee (if any) to a DMV office or by mail to: 

DMV PO Box 942869 Sacramento, CA 94269

Rush Title Processing

If you need us to expedite your title processing, you can request rush title processing for an additional fee.

Transfer Fees

Depending on the type of transfer, you may need to pay the following fees:

  • Replacement title
  • Use tax, based on the buyer’s county of residence
  • Registration

See the full list of fees .

Renewal fees and parking/toll violation fees don’t need to be paid to issue a replacement California Certificate of Title.

Title Transfer Forms

These forms may be required when transferring ownership of a vehicle or vessel:  Application for Replacement or Transfer of Title (REG 227) Vehicle/Vessel Transfer and Reassignment (REG 262) form (call the DMV’s automated voice system at 1-800-777-0133 to have a form mailed to you) Statement of Facts (REG 256) Lien Satisfied/Title Holder Release (REG 166) Notice of Transfer and Release of Liability Smog certification Vehicle Emission System Statement (Smog) (REG 139) Declaration of Gross Vehicle Weight (GVW)/Combined Gross Vehicle Weight (CGW) (REG 4008) Affidavit for Transfer without Probate (REG 5) Bill of Sale (REG 135) Verification of Vehicle (REG 31)

Other Title Transfers

When you’re buying a new car or a used car from a dealership, the dealer will handle the paperwork and you’ll receive your title from DMV in the mail.

When vehicle ownership is transferred between two private parties, it’s up to them to transfer the title. If you have the California Certificate of Title for the vehicle , the seller signs the title to release ownership of the vehicle. The buyer should then bring the signed title to a DMV office to apply for transfer of ownership. 

If you don’t have the California Certificate of Title , you need to use an Application for Replacement or Transfer of Title (REG 227) to transfer ownership. The lienholder’s release, if any, must be notarized. The buyer should then bring the completed form to a DMV office and we will issue a new registration and title.

Make sure you have all signatures on the proper lines to avoid delays.

Other Steps for the Seller When Vehicle Ownership is Transferred

  • 10 years old or older.
  • Commercial with a GVW or CGW of more than 16,000 pounds.
  • New and being transferred prior to its first retail sale by a dealer.
  • Complete a Notice of Transfer and Release of Liability (NRL) within 5 days of releasing ownership and keep a copy for your records.

Once the seller gives the buyer all required documentation and DMV receives the completed NRL, the seller’s part of the transaction is complete.

*If the vehicle has been sold more than once with the same title, a REG 262 is required from each seller.

Other Steps for the Buyer When Vehicle Ownership is Transferred

  • Current registered owner(s), how names are joined (“and/or”), and lienholder/legal owner (if any).
  • License plate number, vehicle identification number (VIN), make, model, year, and registration expiration date.
  • Title brands (if any).
  • Words “Nontransferable/No California Title Issued,” indicating a California title was not issued and a REG 227 cannot be used (see FAQs).
  • Get a smog inspection (if applicable).

Once the buyer has provided the DMV with all the proper documents and fees, the vehicle record is updated to reflect the change of ownership and a registration card is issued.

A new title is issued from DMV headquarters within 60 calendar days.

To transfer a vehicle between family members, submit the following:

  • The California Certificate of Title properly signed or endorsed on line 1 by the registered owner(s) shown on the title. Complete the new owner information on the back of the title and sign it.
  • A Statement of Facts (REG 256) for use tax and smog exemption (if applicable).
  • Odometer disclosure for vehicles less than 10 years old.
  • Transfer fee .

You may transfer a vehicle from an individual to the estate of that individual without signatures on the Certificate of Title.

Submit the following:

  • The California Certificate of Title. On the back of the title, the new owner section must show “Estate of (name of individual)” and their address. Any legal owner/lienholder named on the front of the title must be re-entered on the back of the title.
  • A Statement of Facts (REG 256) confirming the owner is deceased and Letters Testamentary have not been issued. The person completing the statement must indicate their relationship to the deceased.

Use tax and a smog certification are not required.

Vehicle ownership can be transferred to a deceased owner’s heir 40 days after the owner’s death, as long as the value of the deceased’s property in California does not exceed:

  • $150,000 if the deceased died before 1/1/20.
  • $166,250 if the deceased died on or after 1/1/20.

If the heir will be the new owner, submit the following to a DMV office:

  • The California Certificate of Title. The heir must sign the deceased registered owner’s name and countersign on line 1. The heir should complete and sign the back of the title.
  • Affidavit for Transfer without Probate (REG 5) , completed and signed by the heir.
  • An original or certified copy of the death certificate of all deceased owners.

If the heir prefers to sell the vehicle, the buyer also needs (in addition to the items above):

  • Bill of Sale (REG 135) from the heir to the buyer.
  • Transfer fee (two transfer fees are due in this case).

To transfer vessel ownership, submit the following:

  • The California Certificate of Ownership. The registered owner signs line 1. The legal owner/lienholder (if any) signs line 2. Complete the new owner information on the back of the certificate and sign it.
  • Bill(s) of sale, if needed to establish a complete chain of ownership.
  • A Vessel Registration Fee .
  • Use tax based on the tax rate percentage for your county of residence.

After you sell a vessel, complete a Notice of Transfer and Release of Liability (NRL) within five days of releasing ownership and keep a copy for your records.

How to Update or Change a Title

Because a California Certificate of Title is a legal document, it is important to keep it accurate and up-to-date. Here’s how you can update or change a title. 

Order a Replacement California Certificate of Title

You must order a replacement California Certificate of Title when the original is lost, stolen, damaged, illegible, or not received. 

To order a replacement title, submit the following:

  • Application for Replacement or Transfer of Title (REG 227) .
  • The original title (if you have it).
  • California photo driver license (if submitting form in person).
  • Replacement title fee .
  • If another replacement title was issued in the past 90 days, a Verification of Vehicle (REG 31) completed by the California Highway Patrol (CHP). This requirement only applies if the registered owner’s name or address doesn’t match DMV records*.

You can submit your application either in-person* at a DMV office or by mail:

Department of Motor Vehicles Registration Operations PO Box 942869 Sacramento, California 94269-0001

If you’re submitting your form to a DMV office, we recommend you make an appointment so you can avoid any lines. 

You’ll receive your title by mail 15-30 calendar days from the date you submit the replacement title application.

*If you’re applying for a replacement title and the registered owner’s name or address doesn’t match DMV records (except for obvious typographical errors), you must submit your application in person with proof of ownership (e.g. registration card) and an acceptable photo ID (e.g. driver’s license/ID card).

Online Replacement Title Request

Visit our Virtual Office to request a replacement title online.

Change or Correct a Name on a Title

Your true full name must appear on your vehicle or vessel California Certificate of Title and registration card. If your name is misspelled, changes (e.g as a result of marriage or divorce), or is legally changed, you need to correct your name on your title.

To change or correct your name, submit:

  • California Certificate of Title with your correct name printed or typed in the “New Registered Owner” section
  • A completed Name Statement in Section F of the Statement of Facts (REG 256) .

You may submit your application to any DMV office or by mail to:

Department of Motor Vehicles Vehicle Registration Operations PO Box 942869 Sacramento, CA 94269-0001

Removing Information that was Entered by Mistake

If a name or other information is entered on a title by mistake, complete a Statement to Record Ownership (REG 101) .

Frequently Asked Questions

If the vehicle has a legal owner/lienholder, then section 5 of the REG 227 needs to be notarized. If the registration does not show a legal owner/lienholder, notarization is not required.

Need help finding the lienholder on your vehicle title? We keep a listing of banks, credit unions, and financial/lending institutions that may have gone out of business, merged, changed their name, or been acquired by another financial institution.

No. You must obtain a title from the state where the vehicle was last titled.

If you’re unable to obtain a title from that state, provide documentation that they cannot issue a title. A motor vehicle bond may be required

Contact us for more information .

Need something else?

Fee calculator.

Use our fee calculator to estimate any applicable registration or title transfer fees.

Renew Your Vehicle Registration

You need to renew your vehicle registration every 1-5 years in California, depending on the vehicle. Make sure your registration is up-to-date.

Make an Appointment

Some applications can be submitted to a DMV office near you. Make an appointment so you don’t have to wait in line.

General Disclaimer

When interacting with the Department of Motor Vehicles (DMV) Virtual Assistant, please do not include any personal information.

When your chat is over, you can save the transcript. Use caution when using a public computer or device.

The DMV chatbot and live chat services use third-party vendors to provide machine translation. Machine translation is provided for purposes of information and convenience only. The DMV is unable to guarantee the accuracy of any translation provided by the third-party vendors and is therefore not liable for any inaccurate information or changes in the formatting of the content resulting from the use of the translation service.

The content currently in English is the official and accurate source for the program information and services DMV provides. Any discrepancies or differences created in the translation are not binding and have no legal effect for compliance or enforcement purposes. If any questions arise related to the information contained in the translated content, please refer to the English version.

Google™ Translate Disclaimer

The Department of Motor Vehicles (DMV) website uses Google™ Translate to provide automatic translation of its web pages. This translation application tool is provided for purposes of information and convenience only. Google™ Translate is a free third-party service, which is not controlled by the DMV. The DMV is unable to guarantee the accuracy of any translation provided by Google™ Translate and is therefore not liable for any inaccurate information or changes in the formatting of the pages resulting from the use of the translation application tool.

The web pages currently in English on the DMV website are the official and accurate source for the program information and services the DMV provides. Any discrepancies or differences created in the translation are not binding and have no legal effect for compliance or enforcement purposes. If any questions arise related to the information contained in the translated website, please refer to the English version.

The following pages provided on the DMV website cannot be translated using Google™ Translate:

  • Publications
  • Field Office Locations
  • Online Applications

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Google Translate is not support in your browser. To translate this page, please install the Google Toolbar (opens in new window) .

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Note: Responsibility for the content of participants' public communication related to the Ten Principles of the UN Global Compact and their implementation lies with participants themselves and not with the UN Global Compact.

Note on levels: Not applicable refers to the period when the Communication on Progress (CoP) did not require differentiation levels. With the new CoP, for the 2022 Early Adopter Programme , and for 2023, there will be no differentiation levels.

kuoni travel ownership

READOUT: FinCEN Director Gacki’s Travel to Arizona for Engagements on Beneficial Ownership Information Reporting and FinCEN Exchange to Fight Fentanyl Trafficking

TUCSON and PHOENIX, Ariz.—On June 11 and 12, Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki and senior FinCEN leaders traveled to Arizona where they participated in two beneficial ownership reporting outreach events and led a counter-fentanyl FinCEN Exchange.

Over the last two days, Director Gacki participated in beneficial ownership outreach events in Tucson and Phoenix to engage with small business owners and other key stakeholders about these new reporting requirements. Under the Corporate Transparency Act—a bipartisan law enacted to curb illicit finance—many companies are now required to report information to FinCEN about who ultimately owns or controls them. At both events, Director Gacki expressed her gratitude to Senator Kyrsten Sinema’s office for their assistance in coordinating these opportunities to connect with Arizonans about these important requirements that will make it harder for criminals to operate through anonymous shell companies. To find out more about the reporting process, visit https://www.fincen.gov/boi .

The counter-fentanyl trafficking FinCEN Exchange event in Tucson yesterday was the second of 10 planned sessions in FinCEN’s “ Promoting Regional Outreach to Educate Communities on the Threat of Fentanyl ” (or PROTECT) information-sharing series that will be held through the remainder of 2024 in U.S. cities that are highly impacted by the opioid epidemic. Launched last month as part of the U.S. Treasury Department’s Counter-Fentanyl Strike Force , PROTECT events bring law enforcement agencies and financial institutions together to share typologies and approaches on combatting illicit fentanyl trafficking. During Wednesday’s session, financial industry representatives offered their perspectives on the opioid crisis. Federal officials provided briefings on information critical to tracking illicit financial flows such as typologies and red-flag indicators of fentanyl-related activity, and law enforcement representatives discussed the types of information that are most valuable when financial institutions report suspicious activity.

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  3. Kuoni

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  4. GlobalStar announces Kuoni as New Partner

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  5. Kuoni, One of the world’s leading travel organisations. We created a

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  6. TTG

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COMMENTS

  1. Kuoni Travel

    Kuoni Travel is a tourism company, operating various services including charter and scheduled passenger airlines, package holidays, cruise lines, and hotels in destinations around the world across nine different geographic regions.. The company specialises in luxury and tailor-made travel for both business and consumer markets, as well as related services such as visa processing.

  2. JTB Group Acquires Kuoni Global Travel Services

    The JTB Group has acquired all shares of Kuoni Travel Investment, i.e. Kuoni Global Travel Services, for an undisclosed sum. It will manage the new company under the JTB European managing company TPE.

  3. Kuoni Travel Holding Ltd. -- Company History

    1951: First charter flights to Africa are launched. 1957: Kuoni and Hugentobler Foundation is established. 1963: Japanese branch office is opened. 1965: Challis & Benson Ltd (U.K.) is acquired. 1970: Austria office is opened; name is changed to Kuoni Travel Ltd. 1972: Company is publicly listed on Swiss stock exchange.

  4. Kuoni Group Company Profile 2024: Valuation, Funding ...

    Kuoni Group General Information Description. Provider of travel-management services based in Zurich, Switzerland. The company provides leisure travel and destination management services such as charter and scheduled passenger airlines, package holidays and cruise lines in destinations around the world, enabling travelers to get packages as per their choice.

  5. Our Story

    Our. story. Alfred Kuoni launched his pioneering travel agency in Switzerland in 1906. He was a total visionary, an adventurer and explorer, opening up new destinations and experiences across the globe. Kuoni grew to be the biggest travel company in Switzerland and arrived in the UK in 1965. Since then, Kuoni has grown to become the country's ...

  6. Kuoni Group / VFS Global

    EQT acquired Kuoni Group in May 2016, which at the time consisted of three business segments: GTA, GTS (Kuoni Global Travel Services) and VFS Global. ... vfsglobal.com Development of VFS Global under EQT majority ownership & investment outlook During EQT Private Equity's ownership, VFS Global has successfully expanded its differentiated ...

  7. Kuoni Travel Holding Ltd.

    International Directory of Company Histories. Kuoni Travel Holding Ltd. Neue Hard 7CH-8010 ZurichSwitzerlandTelephone: (+41) 1-277-44-44Fax: (+ 41) 1-271-52-82Web site: https://www.kuoni.com Source for information on Kuoni Travel Holding Ltd.: International Directory of Company Histories dictionary.

  8. Kuoni completes switch from consumer travel

    Swiss group . Kuoni has completed its exit from the consumer travel market, as the lossmaking company gears up for private equity ownership. The travel group on Tuesday said it had expanded its ...

  9. Hogg Robinson inks acquisition of Kuoni's business-travel unit

    LONDON -- Agency consolidation in Europe continues as Hogg Robinson, the mega-corporate agency here, agreed to acquire the business-travel operations of Swiss travel giant Kuoni.

  10. Frequently Asked Questions

    On 30 August 2017, Kuoni changed its registered business name from Kuoni Travel Ltd. to DER Touristik UK Ltd., reflecting our change of ownership and move away from the Kuoni Group. We continue to trade under the brand name of Kuoni, providing the same excellent quality of service that has won us prestige within our industry.

  11. Kuoni to exit consumer travel market

    Mr Meier said Kuoni had a 7 per cent share of a global market worth about $30bn. It will also retain its global travel services business, which provides services to inbound group travel, such as ...

  12. Kuoni puts tour operating business up for sale

    Swiss-based travel operator Kuoni is selling its tour operating business to concentrate on supplying others in the travel industry, The company currently runs tours in the UK through 35 branded ...

  13. Switzerland's Kuoni Group to sell travel assets to REWE

    Switzerland's Kuoni Group to sell travel assets to REWE. Switzerland's Kuoni Travel Group says it has sold its tour and travel operations in the Swiss, UK, Scandinavia/Finland, and Benelux markets, to DER Touristik, the travel division of Germany's REWE Group. The value of the transaction, which includes Swedish charter specialist Novair (N9 ...

  14. Kuoni

    Kuoni Travel enjoys strong partnerships with the world's leading resort groups and airlines and enjoys extremely strong consumer awareness in the UK. www.kuoni.co.uk. Kuoni is Switzerland's largest and best-known tour operator. Founded by Alfred Kuoni in 1906, its wide-ranging offering includes package beach holidays in high-quality hotels ...

  15. Kuoni Global Travel Services

    Kuoni GTS is the world's leading group travel provider, partner with retail and wholesale travel agents to create itineraries, and provide land tour packages. Our Services: Packaged Multi-Day Tours. Tailor made tour services. Luxury Travel. Educational Tours / Camps. Cultural Tours (Music, Festivals, Arts, etc.) Culinary Tours.

  16. Kuoni Travel (China) Company Profile 2024: Valuation, Investors

    Kuoni Travel (China) General Information Description. Provider of travel and tourism services in China. The company provides traveling packages, cruise holidays, business travel, meetings, conferences, incentive travel and destination and event management.

  17. Thomas Cook to consolidate Kuoni Group's travel business

    In 2014, Thomas Cook acquired vacation ownership firm Sterling Holiday Resorts (India) Ltd in a ₹ 870 crore part-equity, part-cash deal structured as a multi-stage process. However, it ...

  18. Kuoni Travel

    Kuoni Travel is a tourism company, and a leading service provider to the global travel industry and governments with leading positions in its areas of activity and sustainable growth prospects. Use the CB Insights Platform to explore Kuoni Travel's full profile.

  19. Kuoni Travel Holding Ltd.

    Company Kuoni Travel Holding Ltd. www.kuoni.com. Share Profile Twitter Facebook LinkedIn Google+; Type: Company Country: Switzerland Sector: Travel & Leisure Ownership: Publicly Listed Global Compact Status: Delisted Reason for Delisting: Organization no longer exists Participant Since 19 February 2013 Letter of Commitment Next Communication on ...

  20. Our Difference

    Our. difference. Your holiday, your way. Planned and perfected by our travel experts. A Kuoni holiday is full of stories you'll share for years to come. It begins with our destination experts seeking out the most amazing experiences, hotels and itineraries to share with you, so that you can get to know a destination in an exclusive way.

  21. Kuoni travel resort membership buyouy : r/Scams

    Kuoni travel resort membership buyouy. Is this a scam? I have a membership at a resort in the Dominican Republic which provides a higher level of amenities, villa rental, unlimited weeks, etc. I got an unsolicited call from "Patrick" stating Kuoni Travel wanted to buy my membership for more than I originally paid (I know, sounds too good to be ...

  22. SSBM Geneva New Partnership with Kuoni Global Travel Services!

    Expanding Horizons with Tailormade Programs. As part of this partnership, Kuoni Global Travel Services will leverage their extensive network and expertise to make SSBM Geneva's tailor-made programs more accessible.This initiative aims to create an even more diverse range of students and professionals seeking customized educational experiences that cater to their unique needs and aspirations.

  23. Alary's Bar has 'soft open' before official re-opening under new ownership

    Alary's Bar, founded in 1949, closed in 2023. The downtown St. Paul bar, popular among Chicago Bears fans, hosted a 'soft open' for the bar this weekend.

  24. Title Transfers and Changes

    These forms may be required when transferring ownership of a vehicle or vessel: Application for Replacement or Transfer of Title (REG 227) Vehicle/Vessel Transfer and Reassignment (REG 262) form (call the DMV's automated voice system at 1-800-777-0133 to have a form mailed to you) Statement of Facts (REG 256)

  25. Kuoni Travel Holding Ltd.

    Company Kuoni Travel Holding Ltd. www.kuoni.com. Share Profile Twitter Facebook LinkedIn Google+; Type: Company Country: Switzerland Sector: Travel & Leisure Ownership: Publicly Listed Global Compact Status: Delisted Reason for Delisting: Organization no longer exists Participant Since 19 February 2013 Letter of Commitment Next Communication on ...

  26. READOUT: FinCEN Director Gacki's Travel to Arizona for Engagements on

    Over the last two days, Director Gacki participated in beneficial ownership outreach events in Tucson and Phoenix to engage with small business owners and other key stakeholders about these new reporting requirements. Under the Corporate Transparency Act—a bipartisan law enacted to curb illicit finance—many companies are now required to ...