Secret Escapes: Luxury holidays group aims to EXPAND as they seek new acquisitions

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At the rear October the firm raised approximately £80 million in cash and responsible financing from Singaporean sovereign wealth fund Temasek, French advance capital group Idinvest and Silicon Valley Bank to give it the firepower to go in search of takeover targets.

Its last deal was the August takeover of Czech sells website Slevomat and Saint said that Secret Escapes is tenable to follow that up in the summer.

The firm operates in the UK, Asia, US and Europe, where it has specified possible takeover targets.

“Where we are in ­Europe, we see opportunities to significantly accelerate a slues of our businesses. We’re looking at potential acquisitions right now,” Saint said.

Patrons sign up to receive deals on luxury breaks from the firm, typically via email, and it says that it can clear savings of up to 60 per cent on luxury hotels.

Saint added that the unwillingness of Britons to cut bankrupt on their holidays and the need for hotels to fill their rooms should afford Secret Escapes with a degree of protection, if the economy takes a toing for the worst.

He said: “If there is a lull, it will mean that hotels hand down need to fill rooms and be more willing to work with us, so there should be numerous special deals.”

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