| Business Summary | | Classic
Vacation
Group,
Inc.
assembles
air,
hotel,
rental
car
and
other
travel
components
in
bulk
and
provides
complete
vacations
to
travelers
primarily
through
other
resellers
of
travel.
The
Company
primarily
targets
U.S.
travelers
using
products
offered
by
its
Classic
Custom
Vacations
brand.
Classic
markets
customized
vacation
packages
through
retail
travel
agency
groups
having
preferred
agreements
with
the
largest
leisure
travel
agency
groups
in
the
U.S.
The
Company's
Allied
Tours
brand
creates
and
coordinates
packages
and
tours
for
international
travel
wholesalers
selling
vacations
to
North
America.
The
Company's
Private
Label
brands
provide
outsourced
vacation
packaging
for
both
Amtrak
Vacations
and
Hyatt
Vacations.
The
Company's
Island
Resort
Tours
brand
markets
vacation
packages
principally
to
the
Caribbean
and
is
operated
together
with
International
Travel
&
Resorts,
a
hotel
representation
company
for
properties
primarily
located
in
the
Caribbean. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Classic
Vacation
Group
is
a
provider
of
value-added
vacation
products
and
services
targeted
to
higher-income
travelers.
The
Company
assembles
air,
hotel,
rental
car
and
other
travel
components
in
bulk
and
provides
complete
vacations
to
travelers.
For
the
six
months
ended
6/30/01,
net
revenues
fell
16%
to
$53.6
million.
Net
loss
decreased
66%
to
$1.7
million.
Results
reflect
the
discontinuation
of
certain
unprofitable
products,
offset
by
higher
gross
margins. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Frederic Malek, 64 Chairman | -- | Ronald Letterman, 58 Vice
Chairman, Pres, CEO | $538K | Debbie Lundquist, 45 CFO,
Exec. VP | 274K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|