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YTB meaning in Community ? |
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Answer» What is Your Travel Biz mean? YTB International, known as YTB Global Travel, Your Travel Biz or YTB, operates a multi-level marketing business through owner-affiliate websites offering travel, excursions, and lodging. The company was founded in 2001 by J. Lloyd Tomer, Scott Tomer and Kim Sorensen. The company is currently owned by U.S. businessman Sam Hathi of Jamraval, Inc. Other YTB subsidiaries include YTB Travel Network, Inc., Zamzuu, Inc., and REZconnect Technologies, Inc (2004–2009). YTB is based in Wood River, Illinois. International subsidiaries operate in the U.S., Puerto Rico, the Bahamas, Bermuda and Canada. Between 2006 and 2009 the company was the subject of several lawsuits and investigations in California, Illinois, and Rhode Island, alleging the company to be a pyramid scheme and usage of deceptive marketing. Declining revenues following this led to the company's bankruptcy in 2013, after which it was purchased by Jamraval, Inc. and reorganized under the name YTB Global Travel. reference |
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