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Caribtours targets 20% trade growth after Cleary buyout

Luxury
Tom Parry
6 January 2020

Caribtours is aiming for 20% growth this year - achieved entirely through agent sales - following a management buyout by boss Paul Cleary.

Caribtours will offer Santorini, Ibiza and Turkey for the first time in 2020

Cleary, managing director of the London-based luxury operator since 2004, has purchased 100% of the share capital of the company from founders Norman and Valerie Brunskill.

He said the takeover had "long been the intention" since joining as general manager in 1999 - with buyout talks beginning in earnest 18 months ago.

For 2020, Caribtours has doubled its European programme, offering Santorini, Ibiza and Turkey for the first time.

Following the opening of its Dublin office in May 2018, the operator will “imminently” roll out a bookable website to agents in the country, before looking to offer the platform to UK-based trade partners.