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TQ3 announces departure of global COO
Friday, February 24, 2006
As TQ3 Travel Solutions moves into the final stages of acquisition by BCD Holdings and integration with WorldTravel BTI and The Travel Company, some changes inevitably will be occurring. One such change is that Toby Joseph has decided to leave the company and pursue other business interests.

Toby was a vital member of the team that started TQ3 five years ago and, as Chief Operating Officer, has been a driving force behind its successful launch and development as a global TMC in these formative years. Toby and the senior management team of TQ3 have always worked together towards one common objective: to build a global company with a single ownership. As that objective has now been reached Toby has asked to step down and take some well earned time off before taking his career in a different direction.

Chief Executive Officer and President of TQ3, Marc Hildebrand, comments: “Toby will be hugely missed for his energy, drive, enthusiasm and unrivalled industry knowledge. Without his determination, global experience and vision TQ3 would not have achieved what we have done. Toby leaves with my best personal wishes and gratitude.”

Toby Joseph comments: “I’d like to thank everyone at TQ3 for the huge amount of support, success and fun we have enjoyed together over these last few years. It has been a fantastic ride, but I feel that my work within TQ3 is complete and it is time to open another chapter in my life. In particular, I would like to thank my management team for the spirit they have shown as the original pioneers of TQ3, and the personal support they have given me and each other during our time together. I would also like to wish my colleagues a successful future in the new company.”
Theodore Koumelis - Friday, February 24, 2006
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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