Resorthoppa to be acquired by Lowcostbeds.com

Wednesday, 10 Dec, 2008 0

 

Holiday transfers company Resorthoppa is being taken over by Lowcostbeds.com.

Management of the two businesses will be brought together to create a single, integrated group. No purchase price was disclosed.

The deal is expected to be completed before Christmas.

Lowcostbeds.com will offer Resorthoppa transfers through its trade web site.

Bundled pricing for lowcostbeds.com transfers and beds will enable lower prices to be offered to the trade, enabling agents to increase their margins, the company claimed.

Lowcostbeds.com CEO Paul Evans said: “We are very excited about adding Resorthoppa’s range of great value transfer services to our huge range of directly contracted accommodation product.

“Together, we will be able to offer agents a simpler way to package holidays and reduce their cost of sale.”

Resorthoppa chairman Michael East said: “This merger brings together two of the travel industry’s leaders, creating a one stop shop for agents.

“The two businesses have experienced dramatic growth in trade sales over recent years and together, we are creating a stronger group which will allow agents to simplify the process of dynamically packaging holidays and increase their margins”.

Close Brothers Venture Capital Trust invested £2.1 million in Resorthoppa (UK) Ltd in September 2007. the company was formed four years ago and has offices in Sussex and Alicante.

by Phil Davies 

 



 

profileimage

Phil Davies



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...