Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
NEW YORK - NextTrip, Inc. (NASDAQ:NTRP), a travel technology company with a current market capitalization of $30.37 million, has acquired TA Pipeline, LLC, a company specializing in group travel bookings to destinations across the Caribbean and Mexico, according to a press release statement issued Tuesday. InvestingPro analysis suggests the stock is trading near its Fair Value, despite falling nearly 38% over the past six months.
TA Pipeline will continue operating under its established brand while integrating with NextTrip’s technology. The acquired company is reportedly tracking toward approximately $8 million in projected revenue for 2025 and serves travel agencies and advisors focused on group travel for weddings, retreats, and leisure groups. This acquisition could significantly boost NextTrip’s growth trajectory, with InvestingPro data showing analysts expect an 18.81% revenue growth for FY2026.
The acquisition aims to combine TA Pipeline’s service model with NextTrip’s Group Booking technology, which automates many aspects of group travel planning. The platform allows individual travelers within a group to book their own travel while remaining part of the collective reservation.
"We are thrilled to welcome TA Pipeline into the NextTrip family," said Bill Kerby, CEO of NextTrip. "Their deep expertise and direct resort relationships perfectly complement our technology and vision."
The companies expect several synergies from the deal, including an enhanced resort network across the Caribbean and Mexico, technology-driven efficiency, and vertical integration that could improve margins.
Mike O’Farrell, Director of Sales & Operations of TA Pipeline, stated, "NextTrip’s technology not only enhances our current capabilities but also empowers us to grow faster and serve our clients more effectively."
NextTrip plans to expand TA Pipeline’s engagement with current users and enter new markets globally, adding city center and corporate hotel venues. The Group Booking technology platform will also be available for license to other travel-related operators.
In other recent news, NextTrip, Inc. announced a strategic partnership with KC Global Media to expand its JOURNY travel brand into Southeast Asia. This collaboration will introduce a new JOURNY-branded television and digital channel featuring original productions, U.S. programming, and localized travel content. Additionally, NextTrip has strengthened its board by appointing four new directors as part of its reverse acquisition process, with Carmen Diges, David Jiang, Steve Kircher, and Jimmy Byrd joining the board. These new directors bring expertise in global capital markets, corporate development, technology, and media.
In another strategic move, NextTrip has partnered with Nuitée, a global hotel API provider, to enhance its lodging offerings. This partnership will integrate Nuitée’s portfolio of up to 1.5 million properties into NextTrip’s booking platform. The integration supports NextTrip’s aim to expand its presence in the vacation home and short-term rental markets while also broadening its hotel and resort inventory. These recent developments reflect NextTrip’s ongoing efforts to strengthen its market position and expand its service offerings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.