Mayfair acquires Hotels & More

Mayfair stated the deal was attractive because of growth in the UK tourism market. According to the Office for National Statistics' International Passenger Survey, 34.4 million visitors came to the UK in 2014, spending £21.8bn. The top two inbound tourism markets to the UK in 2014 by number of visits were France and Germany. According to Mayfair, the UK inbound market for group holidays is worth £1.3bn and growing at around 8% each year.

Following the deal, Mayfair will support the company's expansion by strengthening its reach in Germany and France, as well as moving into the Nordic region, Spain, Switzerland and Benelux.

Company
Hotels & More is a tour operator for groups and individual travellers, sold through a network of European business partners. The business focuses on the UK and Ireland, providing booking services for accommodation, coach hire, ferry crossings, tour guides and entry to tourist attractions.

The company predominantly operates UK holidays for German and French tourists.

Hotels & More is based in Harrow, Middlesex.

People
Karin Urban is managing partner of Hotels & More. Mark Mayhew has joined the company's board as chairperson.

Daniel Sasaki is managing partner of Mayfair.

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• United Kingdom