United Kingdom
United States
Asia Pacific
Japan travel agency group sells theme park stake
Major Japan travel agency group H.I.S. Co. is selling its entire stake in the Huis Ten Bosch theme park resort in Sasebo, Nagasaki Prefecture.
Hong Kong-based investment fund PAG will buy the 66.7% stake for $480 million.
Also, the other major shareholders of the resort will sell to the operator of Dutch-themed Huis Ten Bosch.
PAG also has invested in Universal Studios Japan in Osaka.
H.I.S. reported a record net loss of 26.9 billion yen for the six months through April, with demand for overseas travel plummeting against the backdrop of the pandemic.
In response to the huge loss, the travel agency said last week that it will reduce its capital to 100 million yen from the current 24.8 billion yen to improve its financial standing.
Huis Ten Bosch first opened in 1992, and went bankrupt in 2003
However, H.I.S helped turn around the business a decade ago.
Ray Monty
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
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
Dozens of bodies recovered from DC river after midair collision
Quake warning in Santorini after hundreds of tremors
Cockpit tarantula causes flight delays
Trump Admin vows to end cruise tax loophole
EasyJet forced into flight emergency landing after pilot collapses