Northstar Travel Media, LLC acquired PhoCusWright, Inc., a global travel, tourism, and hospitality research and events business. PhoCusWright delivers B2B and business-to-consumer marketplace intelligence on online travel sales and trends, and also hosts the annual PhoCusWright Conference, which welcomes prominent visionaries and innovators from the travel industry with "the next big idea" in global travel. The acquisition augments Northstar Travel Media's B2B travel and meeting service offerings with PhoCusWright's expertise in digital technology as it relates to the travel and tourism industry.
A B2B information company serving the travel and corporate meetings industries, Northstar Travel Media has completed five acquisitions in the last 18 months. Founded in 1994, PhoCusWright will maintain its founder, Philip Wolf, as chairman of PhoCusWright after the transition. Terms of the acquisition were not disclosed.