INTOSOL Holdings Plc / Ticker: INTO /
Index: LSE / Sector: Travel & Leisure
14 November 2018
INTOSOL Holdings
Plc
(‘INTOSOL’ or the
‘Company’)
Strong First Year
Financial Performance from Flagship SOUL Collection Boutique
Hotel
INTOSOL Holdings Plc, the award-winning international luxury
travel company, is delighted to announce that its flagship
nine-bedroom boutique hotel, Oceans Wilderness, in the Garden Route
in South Africa, has reported a
strong maiden financial performance in its first year of
operation.
Part of the Company’s ‘SOUL PRIVATE COLLECTION’,
(www.soulprivatecollection.com) a portfolio of owned and managed
boutique hotel properties, Oceans Wilderness
(www.oceanswilderness.co.za) generated revenue of ZAR 5,297,624 on an 83.7% gross margin and 42.6%
pre-tax profit margin. This was significantly ahead of
internal expectations and underpins the Company’s business model of
providing travel design to its growing client base, which currently
stands at c.15,000, and building a property portfolio of boutique
properties, which facilitate increased margins and provide asset
backing to the business.
Importantly, Oceans Wilderness received strong reviews across
multiple mediums and now ranks as one of the top ten properties to
visit on the Garden Route. It received a 9.6 rating on
booking.com and of the reviews posted on TripAdvisor, 99% were
positive. Internal guest research revealed that that over 96%
of visitors would book again. Tourism in South Africa has remained buoyant during the
period and indications on bookings for the coming year remain
positive.
To view the announcement with illustrative pictures, please use
the following link:
http://content.prnewswire.com/documents/PRNUK-1411181217-4E5C_Oceans_First_Year_Performance__14.11.18_CC.pdf
INTOSOL Executive Chairman, Rainer
Spekowius, said: “The first-year performance from Oceans
Wilderness, our boutique hotel located on the Garden Route in
South Africa, is fantastic.
It is proving to extremely popular with our existing client base as
well as independents booking through on-line platforms, and its
outperformance of internal forecasts and superb gross margin is
testimony that our business model is working.
“The market for high-end tourism is growing steadily; Oceans
Wilderness is just one property in our fantastic portfolio of
destinations offered through the SOUL PRIVATE COLLECTION. Our
plan is to build on our profitable platform and identify further
properties that we can purchase and deliver our unique style, which
is proven to work. We are close to securing a further
property in South Africa and are
also looking forward to commencing construction of our Safari Lodge
in the Leadwood Big Game Estate, a premier destination for the Big
5.
“These are exciting times for INTOSOL and we have hit the ground
running since our listing in October and I am excited about the
future. We have a dynamic company that I believe not only
deliver unique holiday experiences, but also has the potential to
deliver value for our investors as we deliver on our strategy.”
**ENDS**
For further information on INTERSOL visit the Company’s website
www.intosolholdingsplc.com or contact:
Rainer
Spekowius
Executive Chairman |
INTOSOL Holdings
Plc |
Tel: +44 (0) 20 7236
1177 |
Charles
Goodfellow / Martin Lampshire
(Corporate Broker) |
Peterhouse
Corporate Finance |
Tel: +44 (0) 20 7220
9791 |
Juliet
Earl / Gaby Jenner
(Financial PR) |
St Brides Partners
Ltd |
Tel: +44 (0) 20 7236
1177 |
INTOSOL Holdings PLC is an international luxury travel company
that merges private travel design with hotel management and
property ownership to provide bespoke, high-end global travel
experiences across the world. Its profitable private design
business which blends personal contact with proprietary technology,
VIRTOSOL, already services a growing client base of over 15,000 and
the Company is focussed on further expansion into English-speaking
markets. To increase margin and asset backing, the Company is
building its SOUL Private Collection of leased and owned boutique
properties. In line with this, it is in the process of
purchasing and developing a number of sites in South Africa including Oceans Wilderness, a
luxury nine-bedroom boutique hotel in the Garden Route and a
commercial safari lodge in the renowned Leadwood Big Game Estate,
one of the best places to see the Big 5.
The luxury travel market continues to grow and tends to be
immune to economic fluctuations, with high-end customers favouring
bespoke and exclusive experiences regardless of the greater
economic climate. INTOSOL is ideally positioned to capitalise on
this trend and execute its growth strategy to become a leading
bespoke travel company with an international client base, a global
experience portfolio and a range of high-end properties across the
world providing high margin revenue and asset backing.