Naturist operator Peng Travel closes
Naturist operator Peng Travel has stopped operating ahead of owner Travelzest selling or "winding down" its UK operations.
The travel group said it had "made the decision to sell or wind down all the remaining UK operations" which it expects to be complete by "the end of the first fiscal quarter of 2013" at its results on Friday.
The company may still run British websites, holiday.co.uk and flight.co.uk but it is divesting all its UK brands.
Although it said Peng Travel stopped operating in 2012, the brand will still be sold.
Travelzest set up an independent board in May 2012 to seek a buyer for the whole company and it has supported a management buyout of its Canadian business.
At its results, the company said that the sale of the Canadian business would allow Travelzest to repay bank debt and return funds to investors.
"For prudence, the board is also reviewing alternative financing options in the event the sale does not proceed," Travelzest admitted.
Peng Travel was founded by naturist Peter Englert in 1971 who sold it to Canadian operator Travelzest six years ago when it was building up a portfolio of niche travel companies in the UK.
Fellow naturist holiday firm, Chalfont Holidays, said on its website:
"We were very sorry to hear of the demise of Peng Travel. Unfortunately in these difficult financial circumstances Travelzest have decided to concentrate on their Canadian operations, and are in the process of withdrawing from their UK operations.
"We understand that although they have "ceased to trade", all existing suppliers have been paid and all future customers have their payments refunded."
Diane
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
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt