Holidaybreak

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Holidaybreak Limited is a company based in London whose main business is the Meininger hotels chain.

Contents

History

By 2007, Holidaybreak held a portfolio of specialist holiday businesses. [1]

Holidaybreak became a wholly owned subsidiary of former competitor Cox & Kings in July 2011 [2] after a long period of attempting to sell two loss-making parts of its business, Explore and Superbreak. [3] Three years later, in June 2014, Cox & Kings announced the sale of the camping division of its subsidiary Holidaybreak Ltd to France’s Homair Vacances, for 89 billion Rs (approx. $145 million). [4] [5]

In 2022, following the 2020 collapse of Cox & Kings, [6] Holidaybreak was ultimately controlled by Ares Management, an American asset management company. [7] It conducts most of its business through Meininger Hotels Limited, which operates hotels in Germany and several other European countries. [8]

Brands

Holidaybreak operates under multiple brands, however, the majority of their customer volume is through PGL and through their Meininger Division. [9] Other brands include NST, EST, and Travelplus.

PGL

PGL is a children's holiday firm providing educational and residential school trips as well as holiday camps in the United Kingdom. [10] [11]

NST

NST or the NST Travel Group is a British educational travel company specialising in tailor-made tours for schools and colleges.[ citation needed ]

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References

  1. ↑ "Corporate information". Holidaybreak.co.uk. Archived from the original on 24 February 2007 – via Internet Archive.
  2. ↑ "Holidaybreak Joins Cox & Kings Limited" (PDF). Holidaybreak.co.uk. 27 September 2011. Retrieved 16 August 2013.
  3. ↑ "For Sale sign goes up on two leading brands". Travelmole.com. 13 June 2011. Retrieved 16 August 2013.
  4. ↑ "Cox & Kings Sells Unit For '892 Cr". Bloomberg TV India. Archived from the original on 20 July 2014.{{cite web}}: CS1 maint: unfit URL (link)
  5. ↑ "Cox & Kings Sells Camping Division for over Rs. 880 Crore". NDTV Profit.
  6. ↑ Lewis, Jane (5 February 2022). "The curious case of Cox & Kings". Moneyweek. Retrieved 15 October 2023.
  7. ↑ "Holidaybreak Limited: Report and Financial Statements". Companies House. 30 March 2022. p. 69. Retrieved 15 October 2023.
  8. ↑ "Holidaybreak Limited". Dun & Bradstreet. Retrieved 15 October 2023.
  9. ↑ "an education and activity travel group". Holidaybreak. Retrieved 16 August 2013.
  10. ↑ "Holidaybreak - travel" . Retrieved 16 September 2019.
  11. ↑ Simon Bowers (18 May 2007). "Multimillion pound windfall for PGL bosses | Business". theguardian.com. Retrieved 16 August 2013.
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