Hunter Travel Group also buying a 75% stake in HLO’s seven company owned stores.
Helloworld Travel Limited this morning announced an agreement to purchase a minority shareholding in Newcastle-based Hunter Travel Group (HTG), which operates seven fully branded stores and two Cruise Travel Centres in the Newcastle region. HTG also runs eight Royal Automobile Club of Tasmania travel outlets in Tasmania in partnership with the RACT, along with one Cruise Travel Centre in Hobart.
At the same time Hunter Travel Group will purchase a 75% stake in Helloworld Travel’s seven wholly owned retail outlets, located in Maroochydore Queensland, Knox Westfield and Toorak Victoria, Eastgardens Westfield and Parramatta Westfield in NSW, Canberra City in the ACT and Bunbury in Western Australia.
The deal will see the Hunter Travel Group portfolio grow to fourteen fully branded Helloworld Travel outlets along with 11 Helloworld Associate stores. “We are delighted to partner with our largest multi-franchise operator and see them expand their retail footprint,” said HLO ceo Andrew Burnes.
HTG ceo Brett Dann said the partnership is “a very important step in the development of HTG’s retail travel business and now gives the HTG business operations in most states”.
More details in today’s issue of Travel Daily.