Red Ventures, an owner of digital businesses, has acquired Lonely Planet, a leading global travel media company, from NC2 Media. The companies didn’t disclose the deal terms. Skift’s “back-of-the-envelope” estimate is the deal is in the $50 million range, likely all cash.
In this way, What is Lonely Planet worth?
Toted by travelers across the globe, Lonely Planet has printed more than 100 million books in nine languages, mapping out tourist trails from Austria to Antarctica. In 2007, the Wheelers sold Lonely Planet to the BBC and by his own reckoning, his net worth is now “over $100 million”.
Hereof, Is Lonely Planet profitable?
Turnover for travel publisher Lonely Planet fell by 5% in 2018, while profit before tax increased by 111% on the previous year in a “solid”… Turnover for travel publisher Lonely Planet fell by 5% in 2018, while profit before tax increased by 111% on the previous year in a “solid” performance for the company.
Consequently How does Lonely Planet make money? Overall Lonely Planet estimates the project has led to around a 40% increase in revenue generated through its online booking partners while providing a better editorial experience and new opportunities to gain traffic.
In this regard, Which is better Rough Guide or Lonely Planet?
Rough Guides
Much like Lonely Planet, it’s a bulky book with fewer pictures than I’d like but, unlike Lonely Planet, its pages are colour-coded and each section starts with an image or two. … That said; it’s the heaviest and most cumbersome book in the test, so is better suited to pre-trip planning.
Are Lonely Planet books worth it?
Yes, Lonely Planet still makes some of the best guide books around. A guidebook works best when you are going to spend a lot of time in one country (especially one with sporadic wi-fi), and want to have ready access to explanations, maps, suggestions for hotels and restaurants, and general knowledge.
19 Related Questions and Answers
Do people still buy travel guides?
With giant travel websites like Tripadvisor and Expedia, it made me wonder how much people use guidebooks these days. Recent research suggests that although most people are using the Internet as a source of travel information, most people still rely on travel guidebooks during their travels.
Which is better Rough guide or Lonely Planet?
Rough Guides
Much like Lonely Planet, it’s a bulky book with fewer pictures than I’d like but, unlike Lonely Planet, its pages are colour-coded and each section starts with an image or two. … That said; it’s the heaviest and most cumbersome book in the test, so is better suited to pre-trip planning.
Is Fodors or Frommers better?
Both are reliable and comprehensive. Fodor’s is front-loaded with lots of context on culture, history and things one should know before they begin the actual planning. … Fodor’s has a reputation for being a bit more upmarket while Frommer’s appeals more to families and retired, budget-conscious travelers.
Why is it called Lonely Planet?
Lonely Planet was founded by married couple Maureen and Tony Wheeler. In 1972, they embarked on an overland trip through Europe and Asia to Australia, following the route of the Oxford and Cambridge Far Eastern Expedition. The company name originates from the misheard “lovely planet” in a song written by Matthew Moore.
What are the best travel guides to buy?
10 of the best guidebook series to help plan your dream trip
- DK Eyewitness. (DK Eyewitness) …
- Lonely Planet. (©Lonely Planet 2020) …
- Bradt. (Bradt) …
- Rough Guides. Rough Guides (APA Publications) …
- Insight Guides. Insight Guides (APA Publications) …
- Time Out. (Time Out) …
- Footprint. (Footprint) …
- Blue Guides.
Which is better Fodors or Frommers?
Both are reliable and comprehensive. Fodor’s is front-loaded with lots of context on culture, history and things one should know before they begin the actual planning. … Fodor’s has a reputation for being a bit more upmarket while Frommer’s appeals more to families and retired, budget-conscious travelers.
Which is the best travel guide book?
10 of the best guidebook series to help plan your dream trip
- DK Eyewitness. (DK Eyewitness) …
- Lonely Planet. (©Lonely Planet 2020) …
- Bradt. (Bradt) …
- Rough Guides. Rough Guides (APA Publications) …
- Insight Guides. Insight Guides (APA Publications) …
- Time Out. (Time Out) …
- Footprint. (Footprint) …
- Blue Guides.
How often are Lonely Planet guides updated?
How often are new editions released? As you know, here at Lonely Planet we are constantly trawling the globe to make sure you get the up-to-date information you need. We try to bring out an updated guide every two to three years, with a few unavoidable exceptions.
Are guidebooks worth it?
Not Great On A Tour
If you are on an organised tour, guidebooks can give you a bit of extra information, but overall they’re not great on trips like this. Tour guides will give you information and even if you have free time they’ll give you ideas of what to do.
How much did BBC pay for Lonely Planet?
BBC Worldwide will receive $75m (£51.5m) for Lonely Planet, with an initial $60m (£41.2m) paid on completion and $15m (£10.3m) paid in one year’s time.
What is the loneliest planet in the universe?
The loneliest planet: Astronomers find ‘young and unattached’ Jupiter-like world in our own solar neighbourhood. Astronomers have discovered a young, nomad planet floating in the emptiness of space. The planet, dubbed 2MASS J1119–1137, is around 10 million-years-old – practically a baby on a galactic time scale.
What is the purpose of Lonely Planet?
Ever since company founders Tony and Maureen Wheeler stapled together their first guidebook after an epic trip across Asia, Lonely Planet has put travellers at the heart of everything we do, informing and inspiring them with trusted content for print and digital from experts who visit every destination.
Why we should travel around the world?
Another reason why people love to travel: it helps open your mind. You realize that there’s no one way to live life. Meeting people from other places will show you that your world view isn’t the same as everyone else’s. … By being exposed to new places, people and cultures, you’ll develop a wider world view.
What is the best travel booking site?
The Best Travel Package Sites
- Expedia.
- Expedia’s sister sites: Travelocity, Orbitz, and CheapTickets.
- Priceline.
- CheapCaribbean.com.
- Kayak.
- Funjet Vacations.
Which is the best travel website?
Top 10+ Best Travel Websites (to Find Deals on your next Adventure!)
- Cheap Caribbean.
- TripAdvisor.
- Orbitz.
- Hipmunk.
- Kayak.
- Booking.com.
- Priceline.
- Expedia.
Does Rick Steves have a Hawaii book?
Simply don’t go to Kauai without this book. Just finished a 6-day stay on Kauai, guided by the “Ultimate”. The “Ultimate” is very much in the mold of Rick Steves’s “Europe Through the Back Door” — giving candid insights on how to truly experience the real place, not just the plastic manufactured tourist “sights”.
