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
SOTC launches its first ever Signature Store at New Delhi
SOTC aims to leverage growth potential in New Delhi market SOTC Travel strengthened its presence in New Delhi with the inauguration of its first ever signature store in North Delhi at Netaji
Paytm’s travel marketplace inching closer to dominating travel sector
Paytm now offers the complete range of travel bookings that include air, bus, train tickets and hotel bookings. The company has also emerged as India’s biggest private B2C player in
Kenya Tourism Board participates at India’s leading Outbound Travel Mart 2017
Magical Kenya exhibited at OTM Mumbai, India’s largest travel trade exhibition, to position Kenya as the preferred holiday destination and to provide a business networking platform for the Kenyan travel
