ITC Luxury Travel has acquired Western and Oriental’s four travel businesses - Rainbow Tours, Regent Holidays, Villa Select and Western & Oriental - after a multi-million pound deal.
Following this acquisition, the combined turnover of the enlarged travel group will exceed £75million and the group will generate proforma profit of circa £3.5m. This follows ITC Luxury Travel's most successful year, which saw a turnover of £47m and a profit of £1.7m.
Jennifer Atkinson, CEO of the group, said: “This addition brings a wealth of talented and experienced people, well-respected brands within the travel market and gives us the opportunity not just to expand on our core ‘luxury beach’ programme but also to grow and develop our touring destinations.
“This is very much an exciting new chapter and we are genuinely excited about all the opportunities this presents.” For more information visit www.itcluxurytravel.co.uk