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Tourism companies such as INTOSOL set for a bumper year

INTOSOL Holdings PLC (LON:INTO) is on a firm footing and looking at growth ahead, Rainer Spekowius, executive chairman, told Proactive’s Andrew Scott.

Bookings for the peak season of September to January are looking good already, he said.

After problems for the industry last year, Spekowius says his gut feeling is that it’s going to be much better this time around.

INTOSOL has been making big strides of its own, he adds.

The company saw bookings at its boutique hotels in South Africa increase by 15% in the first quarter and it is now talking with companies in the US and Japan about licensing deals in those countries.

Spekowius is also keen to strengthen its German-speaking agency business and is looking to make ‘one or two acquisitions’ of established operators with good profitability where the owners want to move on.

Quick facts: Intosol Holdings PLC

Price: 22.5 GBX

LSE:INTO
Market: LSE
Market Cap: £2.97 m
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INTOSOL positioning itself to become a leading luxury bespoke travel company

INTOSOL Holdings Plc (LON:INTO) executive chairman Rainer Spekowius spoke to Proactive Investors London soon after its shares begun trading on the LSE main market. Spekowius says they chose a London listing to increase its profile in the English-speaking market and help to expand its Soul...

on 26/10/18

2 min read