Cox & Kings sells Explore Worldwide Limited to Hotelplan UK Group
The Cox & Kings Group (“Cox & Kings” or “the Group”) has – through its Holidaybreak plc subsidiary – sold 100% of the issued and outstanding shares of Explore Worldwide Limited for GBP 25.8 million to Hotelplan UK Group.
Explore Worldwide Limited (which includes the brands Explore – soft adventure tours – and RegalDive – diving adventure specialist) generated net revenues of GBP 11.2 million and EBITDA of GBP 2.3 million in FY15 ended March.
Peter Kerkar, Director, Cox & Kings, said, “The sale of this business helps us to further increase focus on our three key verticals- Leisure, Education and hybrid hotels (Meininger)”.
You might also like
TAAI announces Convention in Colombo from July 6 – 9, 2023
Travel Agents Association of India (TAAI) on the invitation from the Sri Lankan Tourism Promotion Board (SLTPB) will be holding its 67th Convention and Exhibition in Colombo, Sri Lanka from
Reed Travel Exhibitions appoints new regional director for Middle East
Danielle Curtis takes on the overall responsibility for Arabian Travel Market, IBTM Arabia and all associated regional projects Reed Travel Exhibitions (RTE), organizer of the annual Arabian Travel Market (ATM)
Aitken Spence Hotels, Aitken Spence Travels – Sri Lanka and Sri Lankan Airlines conducts FAM tour for leading Indian Travel Agents
Aitken Spence Hotels and Aitken Spence Travels Sri Lanka, represented by Nijhawan Group in India, in association with SriLankan Airlines recently hosted prominent travel agents from India on a familiarization
