Northstar Travel Media acquires a majority stake in leading e-commerce booking technology company, Inntopia
Other New Inntopia Partners Include Aspen Skiing Company and Intrawest Resorts Holdings Inc
Northstar Travel Media, the leading business-to-business information company serving the travel and meetings industries, has acquired a majority interest in Inntopia, a leading provider of e-commerce reservation technology and services to destination marketing organizations, ski resorts, tour operators, lodging suppliers and activity, event and transportation suppliers. Other partners include Inntopia's founder and CEO, Trevor Crist, Aspen Skiing Company and Intrawest Resorts Holdings Inc.
said Thomas Kemp, Chairman and CEO of Northstar Travel Media. "For many years, we have been the leading information, media, and marketing solutions company serving the North American travel industry. Now, with the addition of Inntopia, we are able to offer our clients and partners access to state-of-the-art online booking tools for travel agents and direct sales channels."
Inntopia develops connectivity between systems and aggregates all types of destinationtravel inventory, simplifying reservation procedures for its partners and their customers. Northstar Travel Media's majority stake in Inntopia positions it as a "software as a service" e-commerce business.
The Inntopia platform was developed to enable travel resellers to package and sell awide range of non-traditional travel products, such as vacation rentals, activities and tours. Inntopia also supports more traditional products, such as air, car, and hotels. The company supports dozens of third-party application programming interfaces, including popular property management systems, point-of-sales systems, global distribution systems, website analytics packages, accounting systems and more. Inntopia also offers affiliate and agent commission payment processing services to its clients. All of the Aspen Skiing Company and Intrawest resorts will soon be on the Inntopia platform.
Inntopia is the leading advanced reservation online booking software platform for theski resort and mountain destinations market. "We believe that we will create significant marketing synergies between Inntopia and our recently acquired Mountain Travel Symposium, the leading conference serving the mountain destination industry," said Kemp.
"In addition to our growing reach across North America, Inntopia has expandedinternationally, with clients in Switzerland, France, Italy, Sweden, Australia, and the Caribbean," said Trevor Crist, Inntopia CEO. "We've also moved into new markets, including golf, water parks, and beach. This partnership with Northstar will help us accelerate our growth across additional vertical and geographical markets, and spur additional development in our technology. We're also very pleased that both Intrawest and Aspen Skiing Company recently joined as partners in the business. Their participation speaks volumes about our leadership position in the mountain travel industry, and our ongoing commitment to that market."
"Inntopia has distinguished itself as the best ecommerce platform in the ski andlodging space, due to its flexibility and robust packaging features" said Matt Jones, Vice President and Chief Financial Officer of Aspen Skiing Company. "We're excited to sign on as a new customer, and we're investing because we believe strongly in the company's future."
About Northstar Travel Media
Northstar Travel Media is the
Northstar's electronic directories — Travel Weekly's Hotel and Travel Index, OfficialCruise Guide, and M&C Facilities Search and Successful Meetings Facilities Search— provide in-depth data on hotels, meeting and convention properties, and business travel in the United States and internationally.
In addition to its directories and periodicals, Northstar publishes a number of onlinesubscription information resources, including The Beat, travel42, STAR Service Online, Intelliguide Corporate and BTP24.
Northstar produces more than 40 face-to-face events including The PhoCusWrightConference, PhoCusWright Europe, CruiseWorld, Global Travel Marketplace, Global Travel Marketplace West, M&C InterAct, M&C Events, M&C Asia, Successful Meetings Universities, The Beat Live, Tech Talk, Business Travel Trends and Forecast Forums, Innovate 2014 and the Travel Weekly Leadership Forums, the Web in Travel conferences, WITX: Women In Travel, WIT Hospitality Roadshow and WITNext, and Mountain Travel Symposium.
Northstar also is an industry leader in marketing services, custom communications,content licensing and database management serving the travel and meetings industries. Based in Secaucus, NJ, the company also has offices in New York, NY; Glen Ellyn, IL; Los Angeles, CA; Winston-Salem, NC; Beijing and Shanghai, China; and Singapore.
Northstar Travel Media, LLC is a portfolio company of Wicks Group of Companies LLC, aleading private equity investor in the information and business services, communications, and media sectors.
VP Marketing & Communications, Inntopia