Online ski site receives six-figure investment
A private equity firm has injected a six-figure sum into online ski specialist Ski Line as the company looks to increase turnover by 75% in 2006.
The operator, which specialises in chalets across 168 resorts, said the investment will accelerate the growth and lead to a floatation on the Alternative Investment Market (AIM) in the next five years.
The investor’s identity has not be disclosed but was described as a “high-profile” private equity investor.
Managing director Angus Kinloch said it wants to increase turnover by 75% next year – from £5 million in 2005 – and by a further 50% in 2007.
He claimed the ambitious growth targets follow rapidly improving conversion rates following the launch of its new website in September.
“There is a lot of money to be made in online travel,” he said. “Along with online casinos, internet travel companies dominate the short list of dot-coms that are still attracting the attention of city investors, Ski Line hopes to join the ranks of listed travel companies very soon.”
Report by Steve Jones
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 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive