EXCITE Holidays has confirmed it is in talks to potentially sell part of the business, amid ongoing concern from agents about clients arriving at their destinations with unpaid bookings (TD 02 Jan).
Unconfirmed sources have also cited recent senior staff changes within the organisation, as well as layoffs and unpaid wages at its offices in Bangkok and Athens.
MD Nic Stavropoulos has downplayed the impact of several key suppliers not accepting Excite bookings, telling TD “we are still working hard with our global team to rectify” the problems.
He noted total live inventory of 490,000 hotels including 19,700 direct contracts, adding: “we have never been dependent on any one supplier”.
Stavropoulos also confirmed a possible sale, saying “there is an exciting deal in the works”.
Excite Holidays withdrew from the ATAS scheme 12 months ago.
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Source: traveldaily