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

Top Stories

STARING AT AN UNPRECEDENTED EXISTENTIAL CRISIS

With neither support nor assurance from the Government, traumatized India’s ​​travel & tourism industry stares at an unprecedented existential crisis. By Prem Kumar It has been around two months since

Latest

IndiGo’s Double Seat offer: Book 2 seats for 1 passenger  

In-line with its vision to ensure safe and hassle-free travel, IndiGo, has launched 6E double seat bookings, which will allow customers to book two seats for a single passenger. Customers

Trending

Pune Welcomes IndiGo’s First Nonstop International Flight to Bangkok

Announces tri-weekly flights between Pune-Bangkok from November 22, 2024 and Direct flight between Pune-Thiruvananthapuram commencing from October 27, 2024 IndiGo, India’s preferred carrier, unveils direct flights connecting Pune with Bangkok