Resort Hoppa jumps on £2.1m deal
The holiday transport company gains funding for future growth
Holiday Transport business Resort Hoppa has landed on a £2.1m funding deal from Close Ventures.
The Birmingham-based company, founded in 2004, provides transport between travel links and holiday destinations for tourists.
The company, formerly known as Gardenswitch Limited, provides the ‘missing link’ for travellers at 350 airports, train stations and seaports across the world.
The company offers customers low cost shuttles transfers as well as private transfers – using taxis, minibuses, coaches and even helicopters.
It believes that it is operating in a growing market as the number of package holidays are increasing and transport is always an issue.
The investment will be used to buy an equity stake from existing shareholders and to continue to grow the business.
Patricia Rossello, director of Resort Hoppa, said: “We were attracted to Close Ventures because of its strong track record in the travel and leisure sector.
“They have a good understanding of our business and how we want to build it.
“This investment helps strengthen the companies foundation and should help us in our goals of continued growth and increased service across the world.”
Michael Kaplan, assistant director Close Ventures, said: “The growth of low cost airlines and independent bed brokers has meant that more and more people are booking cheap flights and hotels independently of package operators.
“Resort Hoppa impressed us because it has been able to anticipate this change and become one of the world leaders in this growing segment of the travel market.
“Its strong commitment to service and to coverage across the worlds busiest holiday destinations has resulted in rapid expansion which is set to continue.”
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