Journey Beyond

Last updated

Journey Beyond
Industry Experiential tourism
Founded2017
Key people
Chris Tallent, Great Southern Rail CEO (2012-2016) and Journey Beyond Group CEO (2016-) [1]
ServicesTravel
Parent Crestview Partners
Website www.journeybeyondrail.com.au

Journey Beyond is the trading name and brand deployed since 2017 by a succession of companies providing experiential tourism in Australia, including luxury trains ( The Ghan , the Indian Pacific , and the Great Southern ) and The Overland interstate service. "Journey Beyond" is also included in the names of a number of associated companies. The business, headquartered in Adelaide, South Australia, now has interests in cruise and air tourism in addition to rail.

History

Before the 1990s, the government-owned Australian National Railways Commission, trading as Australian National, was the owner and operator of Australia's interstate railways and freight and passenger trains, operated under a subsidiary known as Pax Rail. From 1996 to 1998, Australian National was broken up and in 1997 its interstate passenger trains — The Ghan , Indian Pacific and The Overland — were sold to Great Southern Rail (GSR), a consortium of GB Railways, Legal & General, Macquarie Bank, RailAmerica, G13 Pty Ltd [2] and Serco, at a book valuation of A$$16 million. [3]

Included in the sale were 186 items of rolling stock, mainly former Commonwealth Railways stainless steel carriages, and the Adelaide Parklands Terminal and Alice Springs railway station. [4] In October 1999, Serco bought the remaining 50.8% of shares from its consortium partners for $18.9 million, becoming the sole owner. [5] [6] [7] GSR owned the passenger car fleet and provided services, and Pacific National provided the motive power.

Between 2008 and 2012, Great Southern Rail operated The Southern Spirit as a luxury cruising train service offering eight luxury rail cruises on a variety of outback Australian train routes. [8]

In 2015, Serco sold the business to private equity company Allegro Funds [9] for an enterprise value and cash consideration variously reported as "below A$20 million" [10] to "£2.5 million" [11] (about A$4.9 million). Allegro led a transformation of GSR from a transport operator heavily dependent on government subsidies for passenger operations into a profitable experiential travel provider.[ citation needed ] Sixteen months after their initial purchase, Allegro sold a 70% stake in the company to Quadrant Private Equity for an undisclosed price, but speculated the value of the company at between A$100 million and $200 million. [12] [13]

In 2019, Great Southern Rail was re-branded as Journey Beyond Rail Expeditions and Great Southern became the name of a train running between Adelaide and Brisbane, weekly during the summer months. [14] [15] Subsequently the brand name reverted to Journey Beyond. [16] In 2017, a private company, Experience Australia Group Pty Ltd, was established as the corporate entity conducting the business's operations. As of 2024, despite the changes in ownership the company was continuing in that role. [17]

Acquisitions since 2015 included Cruise Whitsundays and Rottnest Express, the Eureka Tower Skydeck, Horizontal Falls Seaplane Adventures, Outback Spirit Tours, Sal Salis Ningaloo Reef and Darwin Harbour Cruises. As of 2022, it was Australia's largest experiential tourism business. [1]

In January 2022, Quadrant Private Equity sold its 13 brands, including the trains, for a reported A$600 million. The buyer was the San Francisco-based Hornblower Group, owned by Crestview Partners, a New York-based private equity firm. [18] Hornblower Group operated cruises and tours, including Hornblower Cruises, which operated from 125 American cities. [19] After failing to find a buyer in 2023, Hornblower filed for bankruptcy in February 2024; Journey Beyond activities were separated from the group and came under sole ownership of Crestview Partners. [20] [21]

Although not finalised, Journey Beyond is in acquisition mode with Vintage Rail Journeys being purchased in 2024.

Related Research Articles

<span class="mw-page-title-main">Serco</span> British company

Serco Group plc is a British multinational defence, health, space, justice, migration, customer services, and transport company. It is headquartered in Hook, Hart, England. The company operates in Continental Europe, the Middle East, the Asia Pacific region, including Australia and Hong Kong, and North America. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Great Southern Railway may refer to:

<i>The Ghan</i> Tourist train in Australia

The Ghan is an experiential tourism-oriented passenger train service that operates between the northern and southern coasts of Australia, through the cities of Adelaide, Alice Springs and Darwin on the Adelaide–Darwin rail corridor. Operated by Journey Beyond, its scheduled travelling time, including extended stops for passengers to do off-train tours, is 53 hours 15 minutes to travel the 2,979 kilometres (1,851 mi). The Ghan has been described as one of the world's greatest passenger trains.

<span class="mw-page-title-main">Adelaide–Darwin railway line</span> Adelaide–Darwin railway and associated lines

The Adelaide–Darwin rail corridor consists of the 2975-kilometre (1849-mile) long 1435 mm standard-gauge main line between the South Australian capital city of Adelaide and the Northern Territory capital of Darwin, and the lines immediately connected to it. Preceded by a number of other shorter railways, a transcontinental line through to Darwin was only fully realised in 2004, when the final link from Alice Springs was opened. The line is used by interstate freight trains operated by Aurizon and by The Ghan passenger train operated by Journey Beyond.

<i>Indian Pacific</i> Passenger train service in Australia

The Indian Pacific is a weekly experiential tourism-oriented passenger train service that runs in Australia's east–west rail corridor between Sydney, on the shore of the Pacific Ocean, and Perth, on the shore of the Indian Ocean – thus, like its counterpart in the north–south corridor, The Ghan, one of the few truly transcontinental trains in the world. It first ran in 1970 after the completion of gauge conversion projects in South Australia and Western Australia, enabling for the first time a cross-continental rail journey that did not have a break of gauge.

<i>The Overland</i> Australian passenger train between Adelaide and Melbourne

The Overland is an interstate passenger train service in Australia, travelling between the state capitals of Melbourne and Adelaide, a distance of 828 km (515 mi). It first ran in 1887 as the Adelaide Express, known by South Australians as the Melbourne Express. It was given its current name in 1936. Now operated by private company Journey Beyond, the train undertakes two return trips a week. Originally an overnight train that stopped at large intermediate stations, it now operates during the day, stopping less frequently.

<span class="mw-page-title-main">Trans-Australian Railway</span> Railway between Port Augusta, South Australia and Kalgoorlie, Western Australia

The Trans-Australian Railway, opened in 1917, runs from Port Augusta in South Australia to Kalgoorlie in Western Australia, crossing the Nullarbor Plain in the process. As the only rail freight corridor between Western Australia and the eastern states, the line is economically and strategically important. The railway includes the world's longest section of completely straight track.

<span class="mw-page-title-main">Adelaide Parklands Terminal</span> Railway station in Adelaide, South Australia

Adelaide Parklands Terminal, formerly known as Keswick Terminal, is the interstate passenger railway station in Adelaide, South Australia. It is the only station in the world where passengers can board trains on both north–south and east–west transcontinental routes.

<span class="mw-page-title-main">Tarcoola railway station</span> Railway station in South Australia

Tarcoola railway station is a railway station in the Australian state of South Australia located on the Trans-Australian Railway in the state's west. It serves the town of Tarcoola and is the northern junction of the Sydney-Perth and Adelaide-Darwin railways, which share approximately 530 kilometres (329 mi) of track between Tarcoola and Crystal Brook.

Chandler, in the far north-west corner of the state of South Australia, is a rail siding on the Adelaide-Darwin rail corridor. It is about 56 kilometres (35 mi) north of the town of Marla near the junction of the Stuart Highway and the entry to the Anangu Pitjantjatjara Yankunytjatjara Aboriginal lands.

<span class="mw-page-title-main">Sydney–Perth rail corridor</span> Australias east–west transcontinental railway route

The Sydney–Perth rail corridor is a 1435 mmstandard gauge railway route that runs for 4352 kilometres (2704 mi) across Australia from Sydney, New South Wales, to Perth, Western Australia. Most of the route is under the control of the Australian Rail Track Corporation.

<i>The Southern Spirit</i>

The Southern Spirit was a luxury rail cruise train operated by Great Southern Rail in Australia. The train was launched in June 2008 and was planned to travel all over Australia, with the first service originally planned to have run in November 2008. The train was planned to operate from November to February each year, and combine train travel with overnight hotel stays, and other experiences similar to land excursions during sea cruises.

<span class="mw-page-title-main">Alice Springs railway station</span> Railway station in the Northern Territory, Australia

Alice Springs railway station is located on the Adelaide–Darwin railway in Alice Springs.

The Adelaide–Port Augusta railway line is the main route for northbound rail traffic out of Adelaide, South Australia. The line, 315 kilometres long, is part of the Adelaide–Darwin rail corridor and the Sydney–Perth rail corridor.

Hornblower Cruises is a San Francisco–based charter yacht, dining cruise and ferry service company. In 2021, the company rebranded most of its services as City Cruises or City Experiences. In 2024, the company filed for bankruptcy protection.

<span class="mw-page-title-main">Luxury train</span> Special train, designed for elegance and comfort

A luxury train is a premium passenger rail service. Some luxury trains promote tourism in destinations across a region, while others take passengers on a ride through a single country. Luxury trains include restaurants, bars, bathrooms, and sleeping and seating areas.

<span class="mw-page-title-main">Port Augusta railway station</span> Railway station in South Australia

Port Augusta railway station is a railway station located on the Adelaide-Port Augusta railway line in Port Augusta, South Australia.

<i>Great Southern</i> (train) Australian rail service

The Great Southern is an Australian experiential tourism train operated by Journey Beyond between Adelaide and Brisbane both ways. The inaugural journey departed from Adelaide on 6 December 2019. While Roma Street station handles all other long-distance rail services to and from Brisbane, the Great Southern does not operate to Roma Street due to the length of the train. Instead, the service terminates at a freight terminal located in the southern suburb of Acacia Ridge.

Manguri Siding is located in the Adelaide–Darwin rail corridor at the locality of Mount Clarence Station, about 42 kilometres (26 mi) west of the opal mining town of Coober Pedy.

References

  1. 1 2 "Chris Tallent". Linkedin. 2022. Retrieved 21 February 2022.
  2. "G13 Pty Ltd". Archived from the original on 6 February 2015. Retrieved 10 February 2015.
  3. "Great Southern Railway Consortium completes acquisition of Australian National Railways passenger business" (PDF). Serco. 31 October 1997. Archived from the original (PDF) on 10 April 2011. Retrieved 29 August 2024.
  4. "Goodbye AN Passenger, hello Great Southern Railway". Railway Digest . Redfern, NSW: Australian Railway Historical Society. December 1997. p. 7. ISSN   0157-2431.
  5. Davis, Mark (8 October 1999). "Great Southern track takes $19m UK turn". Australian Financial Review . Retrieved 26 February 2024.
  6. About Us Archived 9 April 2013 at the Wayback Machine Great Southern Rail
  7. "Serco takes full control of GSR". Railway Digest . Redfern, NSW: Australian Railway Historical Society. January 2000. p. 7. ISSN   0157-2431.
  8. "Great Southern Rail launches new luxury rail cruise The Southern Spirit". 17 June 2008. Archived from the original on 22 July 2008. Retrieved 24 June 2008.
  9. Great Southern Rail to be bought by Allegro in high-end tourism push Archived 29 September 2022 at the Wayback Machine ABC News 30 March 2015
  10. Evans, Simon (30 March 2015). "Allegro Funds buys Great Southern Rail from Serco". Australian Financial Review . Retrieved 26 February 2024.
  11. "Serco to sell Great Southern Rail". Railway Gazette International. 30 March 2015. Retrieved 26 February 2024.
  12. "Control of the Indian Pacific, Ghan changes one more time in private equity reshuffle". The Sydney Morning Herald. 15 September 2016. Archived from the original on 20 May 2018. Retrieved 20 May 2018.
  13. Tim Burroughs (15 September 2016). "Quadrant buys Australia's Great Southern Rail from Allegro". Asian Venture Capital Journal. Retrieved 26 February 2024.
  14. "Great Southern Rail to launch Adelaide-Brisbane service". InDaily. 20 November 2018. Archived from the original on 25 November 2018. Retrieved 12 August 2021.
  15. "Great Southern explores new territory". greatsouthernrail.com.au. 25 November 2018. Archived from the original on 25 November 2018. Retrieved 12 August 2021.
  16. "About Journey Beyond". Journey Beyond. February 2022. Archived from the original on 21 February 2022. Retrieved 21 February 2022.
  17. "Historical details for ABN 56 614 713 003". ABN Lookup. Australian Business Register. 2024. Retrieved 29 August 2024.
  18. "Ghan owner Journey Beyond changes hands for $600m". Financial Review . 12 January 2022. Retrieved 29 August 2024.Lock-red-alt-2.svgsubscription: the source is only accessible via a paid subscription ("paywall").
  19. Allen, Lisa (13 January 2022). "US travel firm makes $600m punt on Journey Beyond". The Australian . Canberra. p. 14. Retrieved 14 January 2022.Lock-red-alt-2.svgsubscription: the source is only accessible via a paid subscription ("paywall").
  20. Dorbian, Iris (21 February 2024). "SVP to acquire travel experiences provider Hornblower". PE Hub. Retrieved 22 February 2024.Lock-gray-alt-2.svgregistration: a free registration is required to access the source.
  21. Carter, Bridget (22 February 2024). "PE firms cut asset prices and restructure amid tough market". The Australian. Retrieved 22 February 2024.