champagne

BBC Millionaires’ Holiday Club travel firm sold to private equity in …

ITC Travel, a maker of made-to-measure holidays for the rich, has been sold to private equity firm NorthEdge in a deal thought to value the luxury operator at 30m.

The Cheshire-based travel group was recently featured in the BBC documentary The Millionaires’ Discount Holidays © Holiday Club1, which gave a glimpse of its sumptuous holidays, from champagne-fuelled yacht parties in the Caribbean to haute couture dress shopping. ITC, which was set up in 1974 by the late Drew Foster and is now run by boss Jen Atkinson2, specialises in organising upmarket holidays to sunny destinations and trips to major sporting events, such as the Monaco Grand Prix. NorthEdge has bought a majority stake in the firm, which is one of Britain s oldest Discount Holidays © holiday businesses, following a management buyout backed by former Capita boss Paul Pindar in 2014.

Jen Atkinson, who took the top job in 2009, said NorthEdge’s investment would boost its presence in the mainstream end of the travel market and help upgrade its technology.

Our customers demand unique experiences in the world s most exclusive destinations, she said. We ll also be looking to broaden our product offering beyond our current luxury and tailor-made proposition. Since the buyout two years ago, ITC has been part-owned by Ms Atkinson and Mr Pindar. Last year it bought four businesses off beach travel operator Western & Oriental. ITC reported 80m sales in the year to April 2016, up from 43m in 2013, at a time when the wider travel industry has blamed falling sales on the EU referendum and fears over terrorism3.

The business, which was the first travel company to charter Concorde and employs 60 travel specialists to book its bespoke holidays, is on track to make 13,000 bookings this year. A number of privately owned Discount Holidays © holiday firms have been dressed up for sale this year including ITC Travel, Your Golf, and Cruise.co, the Telegraph understands. It comes on the back of last year’s summer of deal-making in the travel industry4.

Ray Stenton, a partner at NorthEdge, said: ITC has been selling luxury holidays for over 40 years.

The business has a clear growth strategy and has already demonstrated its ability to expand.

References

  1. ^ The Millionaires’ Discount Holidays © Holiday Club (www.discountholidays.info)
  2. ^ Jen Atkinson (www.discountholidays.info)
  3. ^ has blamed falling sales on the EU referendum and fears over terrorism (www.discountholidays.info)
  4. ^ comes on the back of last year’s summer of deal-making in the travel industry (www.discountholidays.info)

Tourist cars could be BANNED in the Balearics to ‘avoid gridlock’ with holiday bookings

Holidaymakers visiting the Balearics this summer may be stopped from using their cars on the islands ‘to avoid gridlock’. The move has been made in preparation for the expected record-breaking influx of tourists this year to the island chain – partly driven there by worries over terrorist-hit destinations – which is formed of Mallorca, Menorca, Ibiza and Formentera. Government officials have already introduced a new ‘eco-tax’ on visitors to the Spanish islands that mean a family of four with children over 16 may pay up to 70 extra over a fortnight. Now taxi and bus fares are set to be added to the cost.

Tourist Cars Could Be BANNED In The Balearics To 'avoid Gridlock' With <b><i>Discount Holidays ©</i></b> Holiday Bookings

Officials in the Balearic Islands are considering stopping tourists from driving their cars on the islands. Pictured here is an area near Mahon, Menorca

The Guardian1 reports that tourists may be stopped from arriving in cars in Ibiza and Formentera ‘to avoid gridlock.’

The newspaper says that ‘in peak season there are as many as 20,000 cars on Formentera, which is 19km long.’

And a rise in the number of cruises docking at the islands will also mean the streets are heavily congested.

Tourist Cars Could Be BANNED In The Balearics To 'avoid Gridlock' With <b><i>Discount Holidays ©</i></b> Holiday Bookings

Around 22,000 cruise ship passengers disembarked in a single day from eight ships in Majorca last week

On a single day last week, eight cruise ships docked in Palma, with a total of 22,000 passengers disembarking, Radio Mallorca2 reported. The islands’ record-breaking visitor numbers this year is possibly down to holidaymakers avoiding terror-hit destinations including Egypt and Tunisia.

Some three million British holidaymakers flock to the Balearics every year. Travel company TUI said the largest increase in bookings has been for holidays to mainland Spain and the Balearic and Canary islands.

BRITISH FAMILIES HEADING TO BALEARIC ISLANDS SLAPPED WITH ‘TOURIST TAX’ OF UP TO 70 AS Discount Holidays © HOLIDAY BOSSES CASH IN ON SURGE IN BOOKINGS TO SPAIN AFTER ISIS ATTACKS

Holidaymakers getting set for their summer breaks have been left furious after the revelation they face a new ‘eco-tax’ on arrival. Following months of discussion, the new tax will hit popular tourist destinations including Majorca, Menorca and Ibiza from July 1 – in time for the summer holidays.

And those who have already paid for their holidays in advance will be forced to pay the fee, which was given the green light by the Balearic Island authorities in March.

Tourist Cars Could Be BANNED In The Balearics To 'avoid Gridlock' With <b><i>Discount Holidays ©</i></b> Holiday Bookings

Families have been left furious by the new tax, which will come into effect in July. However the Balearic government said the monies would help protect the island’s resources (pictured, sun seekers in Ibiza)

The islands are set to welcome a record number of holidaymakers this year, who are avoiding terror-hit destinations including Egypt and Tunisia. Rates will vary depending on the hotel’s star rating, with one to three-star hotels costing one euro a day per person and four and five-star hotels two euros – around 1.50 per day. It means a family of four with children aged over 16 could pay up to 70 extra over a fortnight.

The fees will be paid directly to hotels, on top of what has already been paid to travel operators. The charges will halve after day nine of a stay. Tourism bosses in the Balearic government said the tax will fund efforts to protect the islands’ natural resources, with tens of millions of euros in revenue.

Some three million British holidaymakers flock to the Balearics, including the island of Formentera every year.

References

  1. ^ The Guardian (www.theguardian.com)
  2. ^ Radio Mallorca (cadenaser.com)

Tourist cars could be BANNED in the Balearics to ‘avoid gridlock’ with bookings to the Spanish islands pushed up by holidaymakers looking for…

  • Move in preparation for the expected record-breaking influx of tourists
  • Government has already introduced a new ‘eco-tax’ on visitors to islands
  • Rise in number of cruise ships docking in ports will see streets crammed

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Holidaymakers visiting the Balearics this summer may be stopped from using their cars on the islands ‘to avoid gridlock’. The move has been made in preparation for the expected record-breaking influx of tourists this year to the island chain – partly driven there by worries over terrorist-hit destinations – which is formed of Mallorca, Menorca, Ibiza and Formentera. Government officials have already introduced a new ‘eco-tax’ on visitors to the Spanish islands that mean a family of four with children over 16 may pay up to 70 extra over a fortnight. Now taxi and bus fares are set to be added to the cost.

Officials in the Balearic Islands are considering stopping tourists from driving their cars on the islands. Pictured here is an area near Mahon, Menorca

The Guardian1 reports that tourists may be stopped from arriving in cars in Ibiza and Formentera ‘to avoid gridlock.’

The newspaper says that ‘in peak season there are as many as 20,000 cars on Formentera, which is 19km long.’

And a rise in the number of cruises docking at the islands will also mean the streets are heavily congested. Around 22,000 cruise ship passengers disembarked in a single day from eight ships in Majorca last week

On a single day last week, eight cruise ships docked in Palma, with a total of 22,000 passengers disembarking, Radio Mallorca2 reported. The islands’ record-breaking visitor numbers this year is possibly down to holidaymakers avoiding terror-hit destinations including Egypt and Tunisia.

Some three million British holidaymakers flock to the Balearics every year. Travel company TUI said the largest increase in bookings has been for holidays to mainland Spain and the Balearic and Canary islands.

BRITISH FAMILIES HEADING TO BALEARIC ISLANDS SLAPPED WITH ‘TOURIST TAX’ OF UP TO 70 AS Discount Holidays © HOLIDAY BOSSES CASH IN ON SURGE IN BOOKINGS TO SPAIN AFTER ISIS ATTACKS

Holidaymakers getting set for their summer breaks have been left furious after the revelation they face a new ‘eco-tax’ on arrival. Following months of discussion, the new tax will hit popular tourist destinations including Majorca, Menorca and Ibiza from July 1 – in time for the summer holidays.

And those who have already paid for their holidays in advance will be forced to pay the fee, which was given the green light by the Balearic Island authorities in March. Families have been left furious by the new tax, which will come into effect in July. However the Balearic government said the monies would help protect the island’s resources (pictured, sun seekers in Ibiza)

The islands are set to welcome a record number of holidaymakers this year, who are avoiding terror-hit destinations including Egypt and Tunisia.

Rates will vary depending on the hotel’s star rating, with one to three-star hotels costing one euro a day per person and four and five-star hotels two euros – around 1.50 per day. It means a family of four with children aged over 16 could pay up to 70 extra over a fortnight. The fees will be paid directly to hotels, on top of what has already been paid to travel operators.

The charges will halve after day nine of a stay. Tourism bosses in the Balearic government said the tax will fund efforts to protect the islands’ natural resources, with tens of millions of euros in revenue. Some three million British holidaymakers flock to the Balearics, including the island of Formentera every year.

References

  1. ^ The Guardian (www.theguardian.com)
  2. ^ Radio Mallorca (cadenaser.com)

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