Overview, company details, product information, news, events, rankings and Rep listings for YTB.
YTB Travel, also known as YTB International, YourTravelBiz.com, and YTB Travel Network, operated as a travel-related multilevel marketing company that sold personalized online travel-agency websites to participants. The company promoted home-based travel sales and recruited participants through a multilevel compensation structure.
YTB became the subject of major regulatory and private legal actions in the late 2000s, including a California Attorney General case alleging deceptive marketing and pyramid-scheme elements. The company settled the California matter without admitting wrongdoing, later filed for Chapter 11 bankruptcy in 2013, and its assets were sold to Jamraval Inc. YTB.com later stated that it stopped enrolling new Referring Travel Agents and recruiting new marketing representatives as of March 2, 2015, while continuing support for existing or former agents.
Original Npros business profile for YTB, preserved below for archival purposes:
YTB (formerly YTB Travel, Your Travel Biz) offers members the opportunity to build their own travel business. YTB was founded in 2001 with two goals. The first was "to become the world's largest travel company. The other, provide people with an opportunity to work from home, either full-time or part-time, and take control of their own lifestyle."
YTB has thousands of people who own travel booking engines in the United States, Bermuda, the Bahamas and Canada. YTB sold over $2 billion in travel in its first 10 years, and has been featured in the top 35 largest travel agencies in North America for the last five years straight.
YTB RTAs (Referring Travel Agents) pay a monthly fee of $50.00 for their personal travel agency website. RTAs are paid commissions by recruiting new RTAs as well as selling travel to clients. For those who want to do more than sell travel online, YTB provides the training, tools and contracts needed to be a full-fledged travel agent. This includes access to vendors and travel providers not included on the booking engine. The company also has a group department that can book travel for group trips, which RTAs can earn commission on. The commissions that an RTA earns through their booking site range from 5-15% depending on what travel services are purchased.
J. Lloyd Tomer, Founder
Scott Tomer, Founder, CEO
Kim Sorenson, VP of Operations
October 14, 2013 -- An investor has acquired the assets of YTB International. YTB, which once had more than 130,000 independent agents, filed for Chapter 11 bankruptcy in March after fallout from lawsuits filed by Illinois' and California's Attorneys General, alleging it operated as an illegal pyramid scheme.Jamraval Inc., which purchased YTB's assets for $3.5 million, will resurrect the compan...
YTB International filed for Chapter 11 bankruptcy protection in federal court on March 2. Andrew Cauthen, YTB's President, said in a press release that 'YTB intends to utilize ... Chapter 11 to regroup, reorganize, and relaunch.'Before the company's downward spiral, YTB reported $45 million in revenue in a quarter during 2008 and employed hundreds of people. When the California Attorney Gene...
September 6, 2012 -- YTB International Inc. announced that it has ended merger discussions with LTS Neutraceuticals Inc. In a regulatory filing, YTB said that it "has determined that, after further analysis and consideration, a merger with LTS Neutraceuticals Inc. is not in the best long-term interests of the stockholders and would no enhance the strategic or competitive stance of the company."
WOOD RIVER, IL--(Jun 5, 2012) - The Board of Directors of YTB International, Inc. announced today that it has appointed Andrew Cauthen as President and CEO. Mr. Cauthen has also been appointed as a Director to fill a vacancy on the Company's Board. The appointments became effective on May 31, 2012.Mr. Cauthen brings many years of executive leadership experience to his new role at YTB, spanning ...
WOOD RIVER, IL, May 15, 2012 -- YTB International, Inc. announced today that it is embarking on an important restructuring program aimed at restoring the Company's profitability and focusing its strategy on its core business of web-based travel-related services. "The Company needs to refocus on organizational improvement and operational execution," said Mr. Fred Lutzeier, a member of the Compan...
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