APH continues to divest, offloading stake in Inspiring Vacations

APH continues to divest, offloading stake in Inspiring Vacations

Australian Pacific Holdings (APH) has sold its share of Inspiring Vacations in a bid to restructure its business for a sustainable future.

The divestment follows APH selling its cruise wholesaling specialist, Cruiseco, to Helloworld.

APH, which is the parent company of APT, Captain’s Choice and Travelmarvel – collectively known as the APT Travel Group (ATG) – sold its interest in Inspiring Journeys to the company’s founders.

The divested companies were not considered to be core assets, according to APH management.

As part of its restructure, the company plans to focus on growing its portfolio of Australian and New Zealand holidays and product development.

“As an Australian, family-owned business that has been delivering amazing travel experiences to customers in Australia and around the globe for over 90 years, we have seen many changes and weathered many disruptions in the travel landscape,” Lou Tandy, director of APH, said.

“My family is committed to ensuring that the companies under the APH umbrella are enduring and sustainable businesses, now and into the future.

“Scaling back in some areas has allowed us to invest in the core drivers of our business, and to innovate in areas where we see significant opportunity.”

The largest company in the APH stable, touring and cruising specialist APT has introduced new travel styles from private air tours to luxury short breaks and walking tours, as well as expanding its offering of small ship cruising beyond the Kimberley to most Australian coastal areas.

Ultra-luxury player Captain’s Choice has built a brand new portfolio of premium local private jet journeys in under three months, and Travelmarvel has bolstered its classic escorted touring range and added new cruise options. Newcomer Travel Glo has brought new local product to market for the first time.

APH has also expanded its board membership to include Baldeep Gill and Claire Hatton. The company’s board is now made up of Simon Jones (chair), Chris Hall (group MD), Claire Hatton, Baldeep Gill, Ross Kemp (group FD), Geoff McGeary OAM, Robert McGeary, Graeme Stubbs, Lou Tandy (nee McGeary), and Peter Wade.

“At times like these, the strength of the APH Group and its composite companies shines through,” Hall said.

“Our people are committed to our customers and APH is committed to our businesses. We provide this through solid financial support, strong governance and oversight, and strategic guidance through the wealth of experience of our directors.

“We believe this is key to our resilience and future-proofing.”

Latest News

  • Hotels
  • Luxury

Accor announces the signing of Sofitel Sapa Hotel and residences

Accor has announced the signing of Sofitel Sapa Hotel & Residences, a landmark luxury development set to bring Sofitel’s French elegance to the highlands of Northern Vietnam. The project is a combination of 176 rooms and 436 branded residences. It is expected to open its doors in 2030, making another milestone in the expansion of […]

  • Events

ICC Sydney celebrates 100 events in record-breaking year

International Convention Centre Sydney, managed by ASM Global, is set to break the record for number of live events in a single year with 100 shows. The James Blunt concert taking place on 23 November marks the venue’s 100th live entertainment event in a single year. To celebrate this historic achievement, ICC Sydney is giving […]

  • Travel Agents

Last chance to win Globus family of brands’ $1K a Day Giveaway

Agents are reminded they can still enter an unmissable giveaway by making a deposited booking with Globus, Cosmos and Avalon Waterways for departures in 2025. The trade incentive will remain open to agents until 30 November. To take advantage of the offer, agents simply need to make a deposited booking with either Avalon Waterways, Globus […]

  • Events

Intrepid Travel champions responsible business at UN Global Compact Sustainability Event

Intrepid Travel championed the agenda for responsible business at the United Nations Global Compact’s UNiting Business Live Australia conference this week. During her visit to Australia, UN Global Compact assistant secretary-general, Sanda Ojiambo, met with Intrepid CEO James Thornton, where they discussed the future of sustainable practices in the travel industry. Thornton and Ojiambo discussed […]

  • Hotels

Fusion launches GLOW Bangkok Riverside

Fusion Hotel Group has opened GLOW Bangkok Riverside, a new hotel overlooking the Thai capital’s Chaophraya River from the city’s Dusit district. The modern 5-storey property features 126 rooms and suites, ranging from the Superior Room at 19-22sqm to the 40sqm River Suite. All rooms have either king-sized or twin beds, and are tastefully decorated […]

  • Hotels

Nesuto Apartment Hotels launches summer secret offers

Nesuto Hotels and Apartments has launched its summer campaign with a 25 per cent off discount across its 13 neighbourhood properties across Australia and New Zealand. Nesuto’s “unveil summer’s best kept secrets” campaign offer is valid for bookings made from 1 November 2024 until 30 March 2025, for stays until 30 June 2025. In addition […]

  • Aviation
  • Travel Agents

ATAC’s signs exclusive deal with Helloworld’s Air Tickets for enhanced air consolidation services 

Australian Travel Agents Co-operative (ATAC) has appointed Helloworld Travel’s Air Tickets as its sole and exclusive air consolidator following comprehensive market assessment on best value for its members. ATAC chairman Jack Taylor said that the appointment, effective 1 January 2025, reflects the co-operative’s commitment to securing the best value for all members. “ATAC has ambitious […]