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
TrawellTag Cover-More conducts ‘Travel Agents Engagement Programme’ in Bengaluru
A successful upsell skill development programme directed for the travel agencies and agents from Bengaluru. TrawellTag Cover-More, the market leaders in travel ancillary services like global, medical and concierge assistance, luggage
Sarovar Hotels Pvt. Ltd. strengthens Delhi foothold by opening Taurus Sarovar Portico
Sarovar Hotels & Resorts announces the opening of Taurus Sarovar Portico, New Delhi – IGI Airport. A contemporary and modern hotel, strategically located near the IGI airport, Taurus Sarovar Portico
Government has no plan to completely exit Air India, says Jayant Sinha
The government remains committed to the disinvestment of Air India but has no plan to exit the national carrier altogether, Union minister Jayant Sinha said recently. The proposed stake sale
