The U.S. include Central Holidays and STI Travel, announced the acquisition of Mosaic Holidays based in the United Kingdom. The completion of this major investment deal expands market reach for the multinational travel group with interests in America, France, Egypt, India and Italy SGI.
MOONACHIE, NJ – Global travel company Sakkara Group International (SGI), whose flagship brands in the U.S. include Central Holidays and STI Travel, announced the acquisition of Mosaic Holidays based in the United Kingdom. The completion of this major investment deal expands market reach for the multinational travel group with interests in America, France, Egypt, India and Italy SGI, and provides expanded opportunities for delivering customized experiential travel programs for the company’s brands.
“The acquisition of Mosaic Holidays is the next strategic step in SGI’s goals for growth” said Baher Ghabbour, Chairman of SGI. “SGI’s expansion in the UK will enable our family of brands to provide more in-depth destination expertise and hands-on in-country support throughout the region, positioning us ideally to present an even greater array of customized travel opportunities and exclusive experiential offerings that today’s travelers are yearning for.”
To further the goals of the SGI brands, Mr. Mohamed Abdel Hadi who heads STI UK will work closely with Mrs. Sabina Shaida, managing director of Mosaic Holidays, who will relocate to the STI UK headquarters office.
“We have been looking for the right partner with the right fit for some time now to enable Mosaic to expand its luxury tailor-made portfolio and invest in our partnerships with key travel agents,” said Shaida. “This investment provides an exciting opportunity to expand the company and develop into new and exciting destinations.”
SGI owns and operates a worldwide portfolio of successful hotels, cruise companies, and tour operators including the Central Holidays family of travel companies with its flagship brands Central Holidays and STI Travel that offer a virtually unlimited range of travel offerings including escorted travel programs, leisure packages, independent travel, customized group travel, fly/drive programs, waterborne experiences, ski vacations, car rentals, meeting and incentive services. Collectively, the brands meticulously plan travel programs to an ever-increasing selection of destinations throughout the world.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
