
Company Background
Travel Square One, founded in association with Colorado School of Travel in 1982 by Paula Wagner, was re-formed by Paula and Bill O'Connor in 2007 into a new enterprise, owned and operated by a collaborative of true travel professionals.
This restructuring and recapitalization created an opportunity for committed travel specialists to focus on the narrow but more profitable segment of travel distribution - personal, high-end leisure, while sharing in marketing, technology and operating costs. Their clientele is typically served by a select group of individual travel counselors, and the travelers are both quite loyal and largely unapproachable through the usual conventions of advertising, direct mail or vendor/supplier offers.
This innovation in agency structure affords each of these travel professionals shared ownership in the company, a uniquely motivating opportunity in our industry.
Travel Trends
Between select clients and a limited number of skilled travel professionals, there exists a trust-based bond that is invulnerable to mass marketing, discounts, pricing appeals, vendor 'direct' strategies or electronic disintermediation.
For these travel professionals however there are limited working alternatives: Commission-Split Independent Contractor with a Host Agency - Membership in Networked Independents - or an employment relationship in that rare agency that is focused on their client's segment - which is defined by high-end discretionary leisure travel.
In most cases, these professionals have limited earning opportunity, no access to employee benefits (health care, retirement plans etc) and no share in the company's profitability or growth in asset value, most of which is driven by their sales, production and clientele.
The Innovation
In late 2006, Travel Square One was restructured and recapitalized to respond to this trend. The Company is wholly owned by stakeholder employees and contractors, all of whom must own one share of equity in the 'cooperative'.
No one may own more than one share, and no one outside of the Company may own equity. There is also a limit on the number of members.
Services:
- Travel Clubs
Contact:
Travel Square One
Phone: (303) 989-9900
Fax: (303) 758-3009
E-mail: Exce...@travelsquarone.com
Website: http://www.travelsquareone.com
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