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HolidayCheck Group

FieldValue
nameHolidayCheck Group AG
logoHolidayCheckGroup_AG_LOGO.jpg
typePublic
foundation2001
location_cityMunich, Germany
key_peopleGeorg Hesse, CEO
Markus Scheuermann, CFO
Nate Glissmeyer, CPO
industryDigital media content provider
productsOnline portals
revenue€14.47 million (2020)
num_employees470
homepagewww.holidaycheckgroup.com

Markus Scheuermann, CFO Nate Glissmeyer, CPO

HolidayCheck Group AG is an exchange-listed internet group, registered in Munich, Germany. It provides online portals for package travel reviews and bookings in Germany, Austria and Switzerland, under the HolidayCheck brand.

The group was created in 2001 as Tomorrow Focus AG by the merger of Focus Digital AG and Tomorrow Internet AG, and renamed HolidayCheck Group AG in 2016 to reflect its focus on travel businesses.

Origin

HolidayCheck was started in 1999 by students in Konstanz, Germany, including Markus Schott, Hakan Öktem, Jens Freiter, Jörg Kampshoff and Sascha Vasic.

Initially, the site was operated privately under the domain hotel reviews.de. In 2003, the television station RTL reported on the portal. The ensuing publicity prompted the founders to register the site as a commercial venture, debuting on 11 November 2003.

Operations

HolidayCheck users can book travel, compare offers and rate their experience.

The company claims 2.5 million members and 8 million reviews, from an average of 24.13 million visits and 133 million page impressions per month (June 2017). HolidayCheck also publishes an online travel magazine, Away.

The company was a founding member of the Association of New Tourism (VNT), an industry group of non-corporate travel agents promoting new distribution channels, latterly the Association of Internet Travel Distribution (VIR).

Ownership and acquisitions

In July 2006, Hubert Burda Media Holding acquired 80 percent of the shares in HolidayCheck AG for €60 million, through its subsidiaries Burda Digital Ventures and Tomorrow Focus AG. Tomorrow Focus took a 51% share and Burda Digital Ventures took 29%.

In 2007 Burda Digital Ventures sold its shares to Tomorrow Focus AG. At the time, HolidayCheck was the market leader among German-speaking hotel and travel review sites, having Hotelcheck.de. In 2008, HolidayCheck acquired rival portal Urlaub.com.

In January 2009, Tomorrow Focus AG acquired a further 14 percent stake for €21.6 million, taking its stake to 94 percent of the company. The founders sold their remaining 6 percent of the company in June 2013; Tomorrow Focus AG then became the sole owner.

The site's parent company made further investments in the travel sector in 2015, while selling several online publishing businesses at the time, including Focus Online and the Huffington Post. The company changed its name from Tomorrow Focus AG to HolidayCheck Group AG in 2016.

Financial results

For the 2018 financial year the firm reported operating EBITDA of €10.7 million (7.7%), on total revenue of €138.9m. HolidayCheck is listed on the Prime Standard segment of the Frankfurt stock exchange.

As of July 2019, the company had 471 employees in Bottighofen, Munich, Poznan and Warsaw. The management board consists of Georg Hesse (Chief Executive Officer), Dirk Scheuermann (Chief Financial Officer) and Nate Glissmeyer (Chief Product Officer and SVP Engineering).

References

  1. "Annual Report 2016". HolidayCheck Group.
  2. "Annual Report 2020".
  3. (8 August 2001). "Neue Internet-AG: Focus und Tomorrow wollen fusionieren". Der Spiegel.
  4. "HolidayCheck press release". HolidayCheck Group.
  5. Molitor, Andreas. (April 2016). "Keine Experimente!". brand eins.
  6. (December 2007). "Vom Wohnzimmer in die erste Liga". Update. Magazin für Führungskräfte im österreichischen Reisemarkt.
  7. Kläsgen, Michael. (18 May 2018). "Das Timing muss stimmen". Süddeutsche Zeitung.
  8. (1 July 2013). "Tomorrow Focus lijft HolidayCheck volledig in". Emerce.
  9. Wolf, Uwe. (January 2008). "Holidaycheck.de Urlaubsretter im Internet". digital life. Die Welt von morgen.
  10. Holzapfel, Tim. (18 May 2007). "Die WG-AG". fvw. Magazin für Touristik & Business Travel.
  11. "Mediadaten".
  12. (6 January 2017). "Holidaycheck startet Reisemagazin". fvw. Magazin für Touristik & Business Travel.
  13. (15 January 2008). "HolidayCheck tritt dem VIR bei". presseanzeiger.de.
  14. Jacobsen, Nils. (24 November 2008). "HolidayCheck: Der wahre Wert der ToFo". Meedia.
  15. Teggatz, Timo. (22 June 2007). "Offensiver Neuling". fvw. Magazin für Touristik & Business Travel.
  16. (9 May 2008). "Holidaycheck macht Urlaub". fvw. Magazin für Touristik & Business Travel.
  17. (12 February 2009). "Tomorrow Focus AG übernimmt weitere 14 Prozent an der HolidayCheck AG". tomorrow-focus.de.
  18. (8 June 2015). "TOMORROW FOCUS AG verkauft ElitePartner an Oakley Capital". Focus.
  19. (6 May 2016). "Tomorrow Focus wird Holidaycheck". Börsen-Zeitung.
  20. MarketScreener. "HolidayCheck : publishes annual results for 2018 - Revenue and earnings significantly up - shareholders in line for dividend {{!}} MarketScreener".
  21. "HolidayCheck Group AG: Private Company Information - Bloomberg".
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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