NextTrip Invests in Luxury Travel Brand Five Star Alliance to secure 49% Stake with an Option to Purchase a Controlling Interest

Transaction Expected to Strengthen NextTrip's Platform, Unlocks New Integration and Growth Opportunities

Five Star Senior Management to Join NextTrip to Help Define Key Areas of Synergy and Revenue Acceleration in Both Travel and Media

SANTA FE, NM / ACCESS Newswire / February 6, 2025 / NextTrip, Inc. (NASDAQ:NTRP) ("NextTrip," "we," "our," or the "Company"), a leading travel technology company, today announced it has signed definitive agreements to purchase 49% of the membership interests of Five Star Alliance. Additionally, subject to the satisfaction of certain conditions, the agreement provides NextTrip with an option to purchase a controlling interest in Five Star Alliance by April 7, 2025. NextTrip previously announced the signing of a non-binding Letter of Intent (LOI) to acquire Five Star Alliance on November 5, 2024. The initial purchase of the 49% stake is expected to close on or before February 14, 2025, and is subject to satisfaction of customary closing conditions.

The purchase of the 49% stake will be funded through a combination of cash on hand, and NextTrip shares, determined based upon NextTrip's stock price and the terms outlined in the November 2024 LOI, with customary adjustments applied. This transaction is anticipated to be accretive, enabling both companies to begin leveraging shared touchpoints to drive growth in travel bookings.

Founded in 2004, Five Star Alliance is a premier luxury travel agency known for its curated collection of over 5,000 five-star hotels and resorts worldwide.

Key Highlights of Five Star Alliance:

• Proprietary search engine delivering exclusive rates at luxury hotels and resorts

• Strong industry relationships with preferred suppliers

• Specialized luxury cruise programs and group travel expertise

• 20-year legacy of excellence in luxury travel

Five Star Alliance offers personalized recommendations, high-end travel solutions, a proprietary booking engine and established relationships with premium travel providers, resulting in an industry coveted 4.9-star Trustpilot rating. These combined offers have resulted in monthly site visits from over 400,000 viewers and are expected to align seamlessly with NextTrip's technology-driven approach.