Expotel acquires Russell Hotel Reservations and announces new business gains

29th October 2007

Expotel, one of the UK's leading independent hotel and conference and travel management groups, today announced it has acquired Buckinghamshire- based specialist hotel booking agency, Russell Hotel Reservations.

Commenting on the acquisition Ian Burnley, Expotel's CEO said: "The Russell Hotel Reservations agency has some excellent long-term customer relationships and fits our strategic vision to develop our hotel, travel, conference and event management services for the corporate and public sector markets."

Expotel has also announced that it has achieved over 10 per cent growth in turnover in the first half of its financial year and further growth in the second half of this year is expected. Ian Burnley states: "I am very pleased with the progress we have made in recent months, during which time we have secured new business wins worth approximately £30million in annual contract value."

"In recent months we have re-emphasised our commitment to providing an integrated business travel offering and this has been well received by existing and prospective customers," continues Ian.

Commenting on the award of the MoD business travel contract to a competitor Ian Burnley said: "This was obviously disappointing news as we have serviced the MoD hotel reservations very successfully over a long period but we expect that this loss, while significant, will be compensated by gains in other areas over the coming months."

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For further information please contact:
Sharon Smith Expotel Press Office 020 7604 2765 ssmith@expotel.com M: 07771 833 856