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
Cruise tourism seeks 5% GST waiver
After a couple of months, season will commence for luxury liners sailing in and out of India. Already the government has taken several initiatives to attract this segment of luxury
Rajnath Singh to travel to Mongolia on June 21
The home minister’s visit is likely to further intensify the bilateral relations in various key areas. Prime Minister Narendra Modi had in 2015 visited Mongolia, first ever visit by an
GTA roadshow strengthens the United States as number 1 long-haul destination for the China source market
The United States has become the no. 1 long-haul destination for GTA China with over 60% year-on-year growth 20 US partners visited China to showcase their properties and destinations to
