In 2007, the Wheelers and John Singleton sold a 75% stake in the company to BBC Worldwide, worth an estimated £63 million at the time. This will also mean that Lonely Planet is likely to finally make an exit from Australia, its historical base of operations, and move to United States wholesale, though there may well be an interim base in London, leveraging BBC, to ease in transition. • Lonely Planet TV: 350+ episodes of award-winning travel shows. According to friends of Kelley Skift has spoken to, any acquisitions he makes are always well thought out. Some archaeologists, including the now much-dismissed Thor Heyerdahl, believe that the Maldives was well known from around 2000 BC, and was a trading junction for several ancient maritime civilisations including Egyptians, Romans, Mesopotamians and Indus Valley traders. [9], By 1999, Lonely Planet had sold 30 million copies of its travel guides. It is available in digital versions for a number of countries. Kelley is an investor in a small travel startup called OutwildTV, a website using video to document the adventures of travel journalists. While it is unclear what role OutWild will have with Lonely Planet, its founder/principal Daniel Houghton will be Lonely Planet's new chief operating officer. [14], By 2012 BBC wanted to divest itself of the company and in March 2013 confirmed the sale of Lonely Planet to Brad Kelley's NC2 Media for US$77.8 million (£51.5 million), at nearly an £80 million (US$118.89 million) loss. Tony Wheeler, co-founder of Lonely Planet, said he was "shocked" to hear the company was winding down its Australian office. Travel guide publisher Lonely Planet has been acquired by US digital marketing group Red Ventures for an undisclosed sum. This post contains references to products from one or more of our advertisers. Lonely Planet is a two character play written by Steven Dietz.The play tells the story of Jody and Carl, two gay men who live in an unnamed American city. [9] The original print run consisted of stapled booklets. With different difficulty levels, there’s sure to be trivia tricky enough in The Round-the-World Quiz Book to fox the whole family. Lonely Planet ownership made another continental leap, Australian to British to American. Sip the water of life, whisky, in an ancient pub, trace the trails of the clanspeople fleeing Glen Coe, or play a round in St Andrew's, golf's spiritual home -all with yo [15], In April 2020 Lonely Planet made the decision to close its Australian and London offices and reduce staffing levels globally in response to the downturn in the travel industry resulting from the COVID-19 pandemic. Discover Japanese bullet train bento boxes, Israeli shakshuka, San Sebastian pintxos bars and 497 more mouth-watering destinations in this must-own bucket list for foodies and those who love to travel. [3] As of 2011[update], the company had sold 120 million books since inception. NEW: • My Lonely Planet Library: scan your physical guidebooks and get free access to the cities in them. DPS offers an extensive list of titles that includes many of the most significant plays of the past century. Tony and Maureen Wheeler found Lonely Planet in 1973. And there’s also the disappointing reminder of how little its competitor -- and superior in the U.S. -- Frommer’s went for in its sale earlier this year to Google. For example, Lonely Planet has been blamed for the rise of what is sometimes referred to as 'the Banana Pancake Trail' in South East Asia. [citation needed], A mention in a Lonely Planet guidebook can draw large numbers of travellers, which changes places mentioned. Red Ventures is a … Lonely Planet: The world's leading travel guide publisher Lonely Planet Scotland is your passport to the most relevant, up-to-date advice on what to see and skip, and what hidden discoveries await you. The company that also owns The Points Guy has bought Lonely Planet, the online guide for travel information, for an undisclosed sum. [11], The Lonely Planet guide book series initially expanded in Asia, with the India guide book in 1981,[12] and expanded to rest of the world. Get to the heart of a destination with Guides by Lonely Planet! But investment firm Red Ventures is betting that travel-related media consumption will come back. Terms of the deal between the two private companies were not disclosed. With Lonely Planet, Kelley’s team is likely thinking of the long-term value of the brand, investing in digital -- especially video -- and possibly going into offline retail channels and using it as a environmental conservation platform. HC… In an unnamed American city in the early 1980s during the AIDS epidemic, a gay man in his 40s named Jody owns a map store. Kelley spent the 1990s selling discount cigarette brands like USA Gold, Bull Durham, and Malibu, then sold the company for almost US$1 billion in 2001, and parlayed that money into becoming the one of the largest land owners and conservationists in United States. In 2009, Lonely Planet began publishing a monthly travel magazine called Lonely Planet Traveller. ", "NC2 Media demonstrated a commitment to invest in Lonely Planet and today’s announcement concludes the process to find the right buyer.". Lonely Planet and the rapid decline of the printed guidebook, Asia is the new king of tourism and everyone else is along for the ride, Amrak targets business travelers in new ad campaign. [16]. [4][needs update], Lonely Planet was founded by married couple Maureen and Tony Wheeler. TPG parent company Red Ventures announced Tuesday morning that it is buying the storied travel company Lonely Planet from NC2 Media. What Kelley and his team plans to do with Lonely Planet is confounding insiders -- including the irony that a historically environmentally forward-thinking brand like LP will now be owned by someone who made a fortune with cigarettes and now is a land-buying environmental conservationist. BBC Worldwide acquired a 75 percent stake in Lonely Planet in 2007 for £88.1 million (US$133 million). The London-based firm creates and owns all its tours and operates them through its network of over 1,000 handpicked local guides. NC2 is headquartered in Nashville and is "primarily engaged in the creation, acquisition, and distribution of quality digital content and the development of the technologies to make that possible," its website says. "With this acquisition comes a global footprint, not only in the travel guide business, but also in magazine publishing and the digital space," Houghton said in the report. The deal terms are not clear yet, however in an earlier version of this story, according to our sources, Kelley's NC2 media would buy a majority controlling stake in Lonely Planet, and BBC Worldwide, the commercial arm of BBC which bought LP, will retain a small-but-sizable stake to help maintain editorial control through current management, as well as save on inter-country taxes. Submit your details using the Your Business form and we'll pass all of your information on to the relevant writer for their consideration.. It is used by over 600,000 travelers to share their experiences and look for advice. For more TPG news, deals and points and miles tips delivered each morning to your inbox, subscribe to our daily newsletter. Lonely Planet's online community, the Thorn Tree,[17] was created in 1996. [19], Lonely Planet also had its own television production company, which has produced series, such as Globe Trekker, Lonely Planet Six Degrees, and Lonely Planet: Roads Less Travelled. One visit to the exhibit “Oceans in Crisis” at Monterey Bay Aquarium in 2001 inspired founder Bill Carvalho to transform his family seafood company into Wild Planet Foods – the first large-scale sustainably focused seafood company in the US. There are many reasons why Bhutan is such an appealing travel destination. The companies did … We asked the planet's top chefs and food writers to name their favourite gastronomic encounters. But investment firm Red Ventures is betting that travel-related media consumption will come back.
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