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Cox & Kings sells Explore Worldwide Limited to Hotelplan UK Group

Mumbai, Dec 1st 2015: The Cox & Kings Group ("Cox & Kings" or "the Group") has – through its Holidaybreak plc subsidiary – sold 100% of the issued and outstanding shares of Explore Worldwide Limited for GBP 25.8 million to Hotelplan UK Group.

Explore Worldwide Limited (which includes the brands Explore – soft adventure tours – and RegalDive – diving adventure specialist) generated net revenues of GBP 11.2 million and EBITDA of GBP 2.3 million in FY15 ended March.

Peter Kerkar, Director, Cox & Kings, said, "The sale of this business helps us to further increase focus on our three key verticals- Leisure, Education and hybrid hotels (Meininger)".



ABOUT COX AND KINGS LTD: (BSE: 533144 | NSE: COX&KINGS)

Cox & Kings Ltd. (CKL) is one of the longest established travel companies in the world since 1758. Headquartered in India, it is the leading holidays and education travel group with operations in 22 countries across 4 continents.

Over the last three decades, CKL has transformed itself into a diversified, multinational travel conglomerate with a focus on the new-age global consumer.

CKL operate key verticals; Leisure, Education and Hybrid Hotels.

Leisure - India is best known by the ubiquitous Cox & Kings brand in India, where we are an integrated travel enterprise, offering the best and widest range of travel options to individuals, groups and businesses in the fastest growing major economy in the world.

Leisure - International operates in multiple countries under a plethora of packaged travel brands, including Cox & Kings, Superbreak and Explore, among others.

Education operates under the brand names PGL and NST, among others, mainly in the  UK, and Australia. Experiential learning is the way forward and we are experts in this area and intend to take our brand across the world.

Meininger: We operate 16 hybrid hotels in Europe under the Meininger brand. Our unique selling proposition is that we can deliver today’s traveller a clean, safe, stay in city-centre locations.

Over the years the company has won many awards that stand testimony to its excellent service.

CKL is one of the founding members of the World Travel and Tourism Council (WTTC), and are members of premier industry associations across the world.

In 2015 the company has won a string of awards and amongst them are the World Travel Awards for Asia’s luxury tour operator, India’s leading travel agency and India’s leading tour operator. It also won the award for Deccan Odyssey, which emerged as Asia’s leading luxury train.

Our Executive Director Ms Urrshila Kerkar won the Game Changer of the Year Award and our Director Mr Peter Kerkar was honoured by the British Travel and Hospitality Hall of Fame in 2015.


Contact:
Thomas C. Thottathil
Cox & Kings Ltd
Head - Corporate Communications
T: +91-22-22709100
E: thomasct@coxandkings.com