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Resorthoppa to be acquired by Lowcostbeds.com
Holiday transfers company Resorthoppa is being taken over by Lowcostbeds.com.
Management of the two businesses will be brought together to create a single, integrated group. No purchase price was disclosed.
The deal is expected to be completed before Christmas.
Lowcostbeds.com will offer Resorthoppa transfers through its trade web site.
Bundled pricing for lowcostbeds.com transfers and beds will enable lower prices to be offered to the trade, enabling agents to increase their margins, the company claimed.
Lowcostbeds.com CEO Paul Evans said: “We are very excited about adding Resorthoppa’s range of great value transfer services to our huge range of directly contracted accommodation product.
“Together, we will be able to offer agents a simpler way to package holidays and reduce their cost of sale.â€
Resorthoppa chairman Michael East said: “This merger brings together two of the travel industry’s leaders, creating a one stop shop for agents.
“The two businesses have experienced dramatic growth in trade sales over recent years and together, we are creating a stronger group which will allow agents to simplify the process of dynamically packaging holidays and increase their marginsâ€.
Close Brothers Venture Capital Trust invested £2.1 million in Resorthoppa (UK) Ltd in September 2007. the company was formed four years ago and has offices in Sussex and Alicante.
by Phil Davies
Phil Davies
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