Tue, 15 May 2018 | DIVISION SALE
Thomas Cook has announced it may consider selling its Club 18-30 brand following the 2018 summer season after 20 years of ownership.
According to a company spokeswoman, the leading holiday firm remains "committed" to Club 18-30 for 2018 but is currently exploring options for the brand's future, "including the possibility of a sale".
Reportedly, the company is hoping to put more focus on its Club brand, which was launched earlier this year with an emphasis on providing tailored holidays for millennial travellers. Specifically, a spokesperson revealed that the new concept will focus on its own-brand hotels and feature a range of attractions aimed at younger guests including poolside DJs and high quality food that will appeal to the "Instagram generation".
Founded in the 1960s, Club 18-30 was designed to deliver cheap package holidays to singles and young couples travelling without the responsibility of children. The brand received a boost in bookings after the ITV programme Club Reps provided a behind-the-scenes look at the holidays. However, they have since declined once more.
Commenting on the potential sale of the division, Simon Calder, travel editor for the Independent, agreed that the company's most recognised brand is now becoming tired and pointed out that many of the brand's first travellers are now in their 70s.
"'Hosting the wildest party holidays' (one of its marketing slogans) from Magaluf to Bulgaria is no longer especially popular with local authorities, who are cracking down on organised bar crawls," he said.
"Thomas Cook is moving steadily upmarket, ditching cheap and nasty accommodation in favour of sophisticated all-inclusive properties."
This sale offers a compelling opportunity to acquire a successful limited company that operates 2 highly regarded hospitality businesses: a charming 4-star boutique hotel in the picturesque Gloucestershire countryside and a well-established pub in th...
FREEHOLD
A superb opportunity to acquire a well-established 5-star style business in a popular visitor and leisure location. Kinloch Rannoch is beautifully remote and yet very accessible, being only a 15 mile drive from the main A9 road. With its origins as a...
FREEHOLD
Oustanding opportunity to purchase a restaurant, bar/Inn near to the busy Inverkip marina & new Ardgowan distillery. The business for sale offers a superbe property with a highly impressive annual turnover.
FREEHOLD
07
|
Feb
|
Pro-Force buys Driven Recruitment as part of "ambitious plan" | BUSINESS SALE
Birmingham-based recruitment firm Driven Recruitment has bee...
07
|
Feb
|
JST Ports buys Essex-based firm with Olympics history | BUSINESS SALE
JST Ports & Logistics Holdings Ltd has bought Essex-based RF...
07
|
Feb
|
Phenna Group snaps up green consultancy STM Environmental | BUSINESS SALE
Nottingham-based independent testing, inspections, certifica...
23
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale [UPDATED] | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
20
|
Nov
|
Thomas Cook sells forex businesses | BUSINESS SALE
Thomas Cook Group has confirmed the sale of its corporate fo...
29
|
Jun
|
Thomas Cook has put Neilson holidays business up for sale | DIVISION SALE
Thomas Cook has put ski and sailing holiday firm Neilson on ...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.