Hey, Be Well! AG, whose sole shareholder is Javier Garcia del Valle, is acquiring 100% of the shares of the Happy Tour travel agency.
Garcia del Valle has been the CEO of Happy Tour for 13 years and was previously a minority shareholder. The new owner intends to capitalize the company with up to 2 million EUR.
In 2019, before the pandemic, Happy Tour’s consolidated turnover was approximately 55 million EUR. In 2020, in the context of the pandemic, the decrease was over 50%, and for this year, a turnover recovery of at least 60% of the 2019 level and a return to profit are estimated. Javier García del Valle has 35 years of experience in the tourism sector. He has spent much of his career in Spain, Germany, Portugal, Morocco, the United States, and China, focusing primarily on the general management and strategic development of travel agencies.
Frequently Asked Questions
Who is the new owner of Happy Tour?Javier Garcia del Valle, through his company Hey, Be Well! AG, has acquired 100% of the agency’s shares.
What are the financial plans for Happy Tour?The new owner plans to capitalize the company with up to 2 million EUR to support its recovery and growth.
How did the pandemic affect Happy Tour’s turnover?The turnover dropped by over 50% in 2020, but a recovery to 60% of 2019 levels is expected this year.