Coop Travel Management acquires Parador - TravelMole


Coop Travel Management acquires Parador

Tuesday, 11 Jun, 2008 0

Cooperative Travel Management has bought London-based TMC Parador Travel Management, sending it into the top ten business travel companies in the UK.

The acquisition by the business travel arm of The Cooperative Travel, for an undisclosed sum, will mean annual sales are boosted to more than £100m and a national reach of 16 offices.

The move is a statement by the company of the increasing importance it is placing on the business travel wing of the group.

Said managing director of The Cooperative Travel Mike Greenacre: “The acquisition of Parador Travel Management is further evidence of the importance we place on business travel. It is a particularly important acquisition because it provides us with the London base that is clearly required in this sector of travel if we are to compete for large national accounts that have their headquarters in the city. We shall continue to develop a stronger regional network through either green field development or acquisition, and are particularly keen to open offices in Scotland, Wales and Northern Ireland.”

Head of Co-operative Travel Management Anthony Rissbrook added: “Parador Travel Management is an excellent fit with our business because it boasts a track record of strong sales growth and sustainable profitability. It has also developed an impressive corporate customer base. We are delighted that the outgoing Managing Director, Alan Weiner, has agreed to continue working with us on a consultancy basis for three months post acquisition and, in addition, we warmly welcome all 40 colleagues from Parador into the Co-operative Travel Management team.”

By Dinah Hatch



 

profileimage

Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.



Most Read

Mark Jaronski of Explore Georgia on FIFA World Cup 2026

Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange

North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari