The Intrepid Group has announced a strategic partnership with polar and Latin American specialist Chimu Adventures.
Intrepid has taken a 50% stake in the Australian-owned company to meet a growing demand for sustainable travel experiences from increasingly adventurous travellers. The investment from the Intrepid Group is expected to fuel further growth for both companies, enabling Chimu Adventures to quickly scale globally and the Intrepid Group’s to further expand its tailor-made FIT product offering across the multi-brand business.
The two companies will be one of the largest sellers of travel to Antarctica globally.
James Thornton, the Intrepid Group’s CEO, says a priority for the new joint venture partnership is to launch charter cruises to the Arctic and Antarctica.
“This year we launched our first Adventure Cruise range and had a phenomenal response. We know there is a huge appetite for a more sustainable and experiential style of cruise.”
The Intrepid Group has seen record sales since the split from TUI, with sales up by 19% across the group this year. The deal includes a 50% stake in Chimu Adventures, Get About Asia, and three sales offices in the United Kingdom, Sydney and Australia’s Sunshine Coast. In addition, the agreement will also include 50% investment in Chimu’s three South American destination management companies.