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
Railways announce 10 per cent rebate in vacant train berths
The rebate will come into from January 1, 2017 for six months. Worried over many unoccupied seats in Mail/Express trains, railways on Thursday announced 10 per cent rebate for vacant
SOTC launches Darshans crafted spiritual experiences
First national Travel service provider to enter the integrated spiritual + leisure segment Over 40 curated end to end itineraries that cover 60 popular spiritual destinations; 12 standalone and 30
Hong Kong Airlines joins the Sabre Airline Solutions global customer community
New partnership to increase efficiency both in the air and on the ground through greater connectivity Sabre Corporation announced an agreement with Hong Kong Airlines to implement Sabre AirCentre Crew technology, a
