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Kuoni acquires Les Ateliers du Voyage
Thursday, July 26, 2007
The Kuoni Group has acquired the French-based Les Ateliers du Voyage travel company, with immediate effect. Les Ateliers du Voyage offers individual travel products aimed at the higher price segment, and is excellently established in the French market. The acquisition marks a further step in Kuoni’s expansion in the premium and specialist segments.

Kuoni France has acquired all the shares in French-based travel company Les Ateliers du Voyage. Since its foundation by previous majority shareholder Bruno Ferret in 1986, Les Ateliers du Voyage has secured itself a firm position in the French market as a provider of tailored travel products. The company offers individual travel arrangements to Asia under the “Yoketai” brand, trips to Southern Africa under the “Grandeur Nature” banner, travel to Latin America under the name “Arroyo” and unusual tours for small groups under its “Ananta” brand.

Les Ateliers du Voyage is justly renowned for the outstanding quality of its entire product portfolio. The company’s unique luxury travel arrangements meet all the wishes and expectations of the most discerning of customers. Since March 2006, Les Ateliers du Voyage has also maintained a 700-square-metre sales outlet in Paris’s elegant 7th Quarter, where customers can obtain top personal travel advice in exotic surrounds.

Les Ateliers du Voyage distributes its products primarily via direct sales channels and through a selection of independent travel agencies. The company currently employs 15 personnel and generated turnover of EUR 13 million (CHF 21 million) last year. The parties agreed not to divulge the purchase price involved.

Kuoni intends to retain the various Les Ateliers du Voyage brands, which are already well established and successful in the French market. The company’s present director and his team will also continue to develop the product portfolio and ensure its further success.

In organisational terms, Les Ateliers du Voyage will be operated as an autonomous unit within Kuoni France, which is led by Emmanuel Foiry. The new acquisition fits perfectly into Division Style, which is headed by Reto Wilhelm.
Michael Verikios - Thursday, July 26, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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