Asia tour specialist Inside Travel Group has announced “significant new investment” and the appointment of two non-executive directors.
The group said the injection of an undisclosed sum will “fuel growth again” for its InsideJapan and InsideAsia Tours brands as travel restrictions ease.
The money comes from private investment group, Blandford Capital LLP, which has introduced the two non-execs: Ian Simkins (pictured right) and David Wiseman (left).
Simkins – the former chief executive of Audley Travel and current chair of The Thinking Traveller – said the deal will support the company’s “ambitious” plans.
Wiseman brings multi-sector business and travel industry expertise, having worked with Simkins at Audley, and having held senior roles at brands such as AttractionTickets.com and Holiday Autos Group among others.
“The InsideJapan and InsideAsia brands have a brilliant reputation with their clients and travel partners throughout the industry,” said Simkins.
“We all see enormous potential in the continued growth of Japan, and the InsideAsia brand with its expanded portfolio of destinations including Malaysia, Borneo, Thailand, and South Korea.”
Inside Travel Group was co-founded in 2000 by university friends Alastair Donnelly and Simon King after living in Japan.
King said: “In strengthening our financial position, and bringing onboard valuable industry and business expertise, we will not only continue to provide and improve the incredible holidays and service that our InsideJapan and InsideAsia teams are known for but grow also.”
Donnelly added: “We are delighted that Blandford, Ian, and David recognise the historic success and future potential of Inside Travel Group and are excited to work alongside like-minded partners whose business philosophy aligns with ours.
“We are unanimously committed to the growth of sustainable and responsible travel, and gaining B-Corp status.”
Simkins added: “We are investing in a proven company, product and team that we believe in as Asia opens up – the timing couldn’t be better.”