People to People to Cease Operations
People to People, the 50 year old tour company that provides immersive travel experiences for students, 5th grade through college, including the popular People to People Cuba, is closing its student travel business by the end of 2015.
The Company has experienced declining revenues and declining travelers for several years and has unsuccessfully explored strategic alternatives and marketing models. On July 27, 2015, the Company will commence downsizing of its staff and operations.
The Company is in the process of completing its peak summer travel season. No programs for the current travel year ending in August 2015 are being cancelled and the operations and support of the travelers is ongoing. Following the end of summer travel, the Company will continue downsizing its remaining staff and operations. Deposits for 2016 travel will be refunded to customers in accordance with terms and conditions.
For more information, visit www.peopletopeople.com.