Holiday rental specialist Travel Chapter is planning to float on the Alternative Investment Market in London.
The company, whose brands include online rental platform HolidayCottages, says it has seen significant organic growth in recent years as well as growth through “bolt-on acquisitions.”
In its London Stock Exchange announcement, Travel Chapter quotes PwC research that while the pandemic caused a 45% decline in the value of the UK self-catering holiday market in 2020, it is expected to recover in 2021 with a 54% increase in market value.
It adds that an average growth of 6% to 7% annually is expected up to 2025.
In addition to the HolidayCottages brand, Travel Chapter has a further 33 smaller lifestyle and regional platforms, with a total portfolio of 8,000 properties.
The company, which claims to be the third largest in the U.K. market, believes it’s in a good position to grow both through its organic strategy as well as through some merger & acquisition activity.
CEO Jayne McClure says: ”This marks the exciting next stage of the Travel Chapter journey as a leading online platform for U.K. holiday rentals.
"We have witnessed long term and robust structural tailwinds in domestic tourism in the U.K. and believe that these are set to continue. Our sector-leading booking platform, owner relationships, customer service and quality-focused property portfolio means we are well placed to continue to grow market share in a fragmented market, both organically and through selective acquisitions."