Insider Journeys business “not core to Helloworld Travel’s future strategy”.
Helloworld Travel Limited has just announced the sale of its Insider Journeys touring business to Eight at Work Holding Pty Ltd, a member of an international inbound tour operator group with multiple DMC operations in Southeast Asia.
The Insider Journeys business, previously known as Travel Indochina, was founded by Paul Hole and Mark Bowyer, and changed its name to Insider Journeys in 2015.
Helloworld Travel CEO, Andrew Burnes, said the decision to sell Insider Journeys was due to it “not being core to Helloworld Travel’s future strategy”.
A preferred supplier agreement has been established with the purchasers of the business, with Helloworld saying that neither the purchase price nor the business were material to its results.
More details in tomorrow’s issue of Travel Daily.