News

MYTRAVEL has sold its camping business Eurosites to Holidaybreak for £29.9 million.

The sale, which will generate a profit of £11 million, will allow MyTravel to invest in areas 'more closely aligned with the Group's core strategic objectives', according to chief executive Tim Byrne.

The acquisition consists of the business and assets of Eurosites UK and businesses in Holland, Germany and Denmark.

Holidaybreak already operates Keycamp and Eurocamp brands - with Eurosites the only main competitor.

Going Places and Travelworld will provide racking and support to Keycamp and Eurosites.

Eurosites was created by MyTravel (then Airtours) in December 1989.