Hospitality & Leisure

Demand drives sales at PGL Travel

Demand - Customer retention and strong demand - SantanderCB

Customer retention and strong demand for its services have pushed sales up by almost £10m at Herefordshire-headquartered adventure holiday provider PGL Travel. The majority of sales (£71.1m) were generated in the UK, with revenues from PGL's adventure centres increasing by 14%. The group's overseas adventures business grew by 6%, while its schools skiing division soared by 83% due to the timing of Easter. A directors' statement accompanying the results said PGL expects to spend £15.5m on its outdoor education centres in 2015/16 and the group will 'continue to review opportunities' for new sites in the short to medium-term. PGL has been part of Holidaybreak, which was taken private in 2011 after being taken over by Indian conglomerate Cox & Kings in a £312m deal, since 2007. Last September, Holidaybreak completed a £245m refinancing with a six-party syndicate to support the growth of the PGL, Meininger and Superbreak brands. The deal was agreed with Lloyds Bank Commercial Banking, Santander, Barclays, HSBC, Royal Bank of Scotland and M&G Investments.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?