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
Garuda Indonesia signs with Sabre to support growth strategy
Sabre technology to power connected airline operations, improving airline profitability and customer experience as Garuda pushes international expansion! Garuda Indonesia, the national carrier for Indonesia, has selected an end-to-end suite
AirAsia announces discount on domestic, foreign travel
Malaysian no-frills carrier AirAsia today announced discounted fares, starting as low as Rs 899 for travel within India and Rs 4,999 for international flights for a limited period. The special
BLS International commence operations for French Embassy in Jordan
BLS International, a specialist provider of Visa, Passport, Attestation and Citizen Services to the Governments across the world has now commenced servicing the French Government. Under the contract, BLS has
