Due to the impact of COVID on the industry, adventure operator, Intrepid Travel, no longer currently has representation in South Africa. However, the company has secured a new strategic partner who will not only extend its financial runway but also support its new growth strategy.
The company says South African agents can now contact the company’s UK team.
Intrepid Travel recently announced a strategic partnership with French investment company Genairgy, which has secured a minority stake in Intrepid’s global business. The company’s co-founders, Darrell Wade and Geoff Manchester, retain majority ownership of Intrepid Travel and remain on the company’s board as chairman and director, respectively. James Thornton remains in the position of ceo and as a member of the Board.
According to Intrepid, the partnership will accelerate its ambitious growth strategy, which is to become the world’s first US$1bn (R14,2bn) adventure travel company by 2025. The agreement will support Intrepid in four key growth areas: digital transformation, product innovation, market expansion and purpose initiatives.
In 2019, Intrepid achieved a record year of AUD491m (R5,4bn) sales. In 2020, despite the impact of the pandemic, it launched more than 100 sustainable local trips and became the first tour operator in the world with verified science-based carbon emissions targets.