Travelzest flies away with Cuba holiday firm

Travelzest flies away with Cuba holiday firm
Industry Sector
Leisure

Travelzest, the British online travel group offering specialist travel
programmes, has acquired Captivating Cuba Ltd, a specialist UK tour
operator offering holidays to Cuba.

Chris Mottershead, Travelzest's chief executive, said: "Captivating Cuba
is a good example of a business with great potential. It already sells
over 3,500 holidays a year to the UK market and by linking with
itravel2000.com, our Canadian operation, we will be able to exploit this
opportunity further and deliver strong organic growth over the coming
years."

Travelzest is paying £10,001 for Captivating Cuba and will invest in the
business to repay loans of £242,000 and provide additional working capital.

Thursday, August 09, 2007

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