Kuoni Acquires Journeys of Distinction

The Kuoni Group has acquired the British travel company Holiday Supplies Ltd.

. October 14, 2008

LONDON, UK, Ocotber 2, 2006. With its premium brand "Journeys of Distinction", Holiday Supplies has earned an excellent reputation as a provider of longhaul holidays for discerning travellers. The acquisition underlines Kuoni's strategy of expansion in the specialist and premium segments.

Kuoni UK is buying Holiday Supplies Ltd. from its owners and founders. Started in 1972, this company is well established in the UK market for high quality escorted tours to New Zealand, Australia, Ecuador/Galapagos, South Africa, Canada and China. All holidays are sold direct to the customer. The company offers escorted tours in the premium segment under the "Journeys of Distinction" brand whilst its "Go Touring" brand offers escorted tours in the mid-range segment.

It also has a "Cruise Options" division which organises cruises. In 2005, Holiday Supplies Ltd. generated sales of CHF 43 million (lb18.5m) and employed 20 staff. The parties have agreed not to disclose any information about the purchase price.

The existing management team and all employees of Holiday Supplies Ltd. will retain responsibility for the success and further development of their businesses. In organisational terms, the company will become a subsidiary of Kuoni UK and will continue to operate "Journeys of Distinction", "Go Touring" and "Cruise Options", all well established brands in the UK market.

"With the acquisition of Holiday Supplies Ltd., Kuoni UK is gaining strength in the premium escorted tours segment out of the UK" said Armin Meier, CEO of the Kuoni Group. Sue Biggs, Managing Director of Kuoni UK added, "We're very excited about this new addition to the Kuoni UK family, particularly as Journeys of Distinction is such a well respected specialist tour operator."

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in March 2020...

Human Resources: Confronting a Labor Shortage

With the unemployment rate at its lowest level in decades (3.7%), what has always been a perennial problem for human resource professionals - labor shortage - is now reaching acute levels of concern. It is getting harder to find and recruit qualified applicants. Even finding candidates with the skills to succeed in entry-level positions has become an issue. In addition, employee turnover rates remain extremely high in the hotel industry. As a result of these problems, hotel HR managers are having to rethink their recruitment strategies in order to hire the right talent for the right job. First, hotels have been forced to raise their wages and offer other appealing perks, as a way to attract qualified candidates. Secondly, HR managers are reassessing their interviewing techniques, focusing less on the answers they receive to questions and more on observable behavior. Part of this process includes role-playing during the interview, so that the recruiter can gauge how a candidate works through specific problems and interacts with other team members. Additionally, some HR managers are also creating internal talent pools as a way to address labor shortages. Instead of utilizing department resources to find new hires with specific skills for needed positions, hotels are cultivating talent pools internally and preparing their employees to assume leadership roles whenever the time comes. They are also placing greater emphasis on a company culture that is more performance-based, as a way to curb employee turnover, increase employee satisfaction, and assure higher levels of customer service. Finally, recognizing the importance of employee retention as a way to lessen the impact of a tight labor market, some HR managers are instituting generous reward programs in order to retain their top performers. The March Hotel Business Review will explore what some HR professionals are doing to address these and other issues in their departments.