Travel Republic will raise several million pounds for an ambitious overseas expansion spanning Germany, Eastern Europe and Scandinavia. The operation will be financed by as yet, unknown third-party backers, who are still being sourced by the company which was launched in 2004.
Travel Republic Finance and operations director Kane Pirie admitted they were considering a number of options, from external parties. Financial advisors, Close Brothers have been appointed by Travel Republic to help guide them through the decision process.
Kane Pirie said: "We are not committed to anything but we want to continue to increase the size of the business. For aggressive expansion, it would make sense to look at the third-party financial option." However, Price added: "We may decide that we will not need third-party financing and opt to fund expansion from the profits of the business."
Travel Republic also has plans in place for a package holiday website to accompany its dynamic packaging offering in 2008. Travel Republic has been successfully offering holidays, short breaks and other travel arrangements for over 20 years with a focus on value for money, breadth of choice and good customer service.
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