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
Tourism Industry supports extension of the lockdown
India’s Travel & Tourism Industry has endorsed the extention of the nation-wide lockdown till May 3. The extension was announced by Prime Minister Narendra Modi on Tuesday. Originally the lockdown
Jordan Tourism Board issues public statement for tourists
Over the past few days Jordan witnessed peaceful protests in cities across the country against austerity measures that are part of an economic reform program including a new income tax
Zimbabwe Showcases Its Hidden Gems to Indian Travel Trade During Sanganai/Hlanganani Kumbanayi Tourism Expo
Zimbabwe took a bold stride during the 18th edition of the Sanganai/Hlanganani Kumbanayi World Tourism Expo, as the event was hosted for the very first time in Mutare, Manicaland Province,
