Holiday Extras announces acquisition of City Hotel Reservations
Holiday Extras has today announced the acquisition of City Hotel Reservations (CHR)
Holiday Extras, the UK market leader in holiday extras such as airport parking, airport hotels, lounges and travel insurance, today announced the acquisition of airport hotel and parking specialists City Hotel Reservations.
Rob Flouty (left), founder of City Hotel Reservations, and Holiday Extras' Operations Director Ian Copley
Established in 2003, CHR has been a partner of 36-year-old Holiday Extras for more than five years, and operates airport hotel and parking websites such as www.heathrowhotels.com and www.stanstedparking.com.
Over the last two years Holiday Extras has built or acquired relevant airport hotel and parking specialist assets, including Purple Parkings brand and website and the worlds leading provider of parking software, Chauntry, in November 2017. Combined with the Holiday Extras consumer brand in the UK and Germany, airport car park operator Airparks and parking technology specialist Park-IT, the group has built and acquired a portfolio of complementary assets that help to meet its strategic objectives. Holiday Extras also completed a management buy-out in May 2018 valuing the business at £100m.
Matthew Pack, Group CEO of Holiday Extras, commented
Weve worked with the team at CHR for more than five years to supply airport hotel and parking inventory, and during that time weve been impressed with their strong customer service record and the quality of the online customer experience. Their websites are therefore a natural fit for our business and were pleased to announce this latest acquisition today.
Robert Flouty, founder and CEO of CHR, commented, I am delighted to confirm the sale of CHR. After 15 years of building the business we knew that Holiday Extras would be the right home to take both growth and customer experience to the next level with their advanced technologies, wide distribution network and strong supply partnerships the business will be in the safest of hands
As clear market leaders in airport hotels and parking Holiday Extras has the scale and experience to ensure the continued success of the business at all the major UK airports our websites serve.
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