SPENCER Travel has made the decision to sell its corporate division after more than a quarter of a century (TD breaking news).
LodgeLink, a Black Diamond Group company and Spencer Travel partner, bought the business for an undisclosed sum, a decision that was made by founder Penny Spencer as part of a broader strategic restructure.
Spencer Travel will operate as two distinct entities: Spencer Group of Companies (SGC) – Corporate Travel Division, and Spencer Travel Holdings (STH) – Leisure, Wellness, and Independent Contractor Model.
Spencer said she will work closely with the teams over the coming months to ensure a smooth transition, and will also assume a position on the LodgeLink Australia board.
“This is both a reflective and exciting moment,” Spencer said.
“After 26 incredible years, I’ve chosen to transition the corporate division to a trusted partner who shares our values and commitment to service.
“This evolution enables me to focus on the future of leisure and wellness travel, and to support the next generation of travel entrepreneurs through new and emerging business models.”
Both parties are committed to a seamless transition for existing clients, staff, and suppliers.
“This isn’t a farewell – it’s the beginning of a bold new chapter,” Spencer concluded. AB
