Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Holiday Extras sells parking site serving Gatwick airport

Mark Moran
13 November 2020
 

Holiday Extras has sold a car park near London’s Gatwick Airport. The car park is an acre of land off Victoria Road in Horley sited less than a mile from the airport. It was bought by Holiday Extras’ long-term meet & greet parking partner Maple Manor.

Waqaar Hussain, property director at Holiday Extras, said: “We explored a number of potential opportunities for the land including various forms of redevelopment. We were very pleased that the best and most commercially viable use of the site is to continue using it for airport parking, and even more pleased that the people who turned out to have the best plan and offer were our long-term partners Maple Manor Parking.

“We see the continued use of the site for airport parking as a positive signal for the long-term financial prospects for our sector, and we look forward to working with Maple Manor Parking for many years to come.”

Matthew Pack, group chief executive at Holiday Extras, added: “While this has been a difficult year for everyone, our business saw far better summer and autumn trading than we forecast, right up until the latest lockdown announcement. Having completed a team restructure in the summer, increased and extended our bank funding and sold two car parks, we are now in a strong financial position to weather this winter’s COVID downturn and are ready to help our customers enjoy hassle-free holidays as soon as this latest lockdown comes to an end.”

Tom Kiss, senior executive at Maple Manor, said: “While 2020 has been a challenging year for the whole travel sector, our investment in the site next to Gatwick Airport reflects our confidence in the long-term demand for safe, reliable airport parking.

“We know that bookings will pick up as soon as this temporary lockdown comes to an end, and we’ve invested accordingly to ensure we can continue to give our customers, and the customers we serve via Holiday Extras, the great service they’ve come to expect.”

Holiday Extras provides services such as airport parking, airport hotels, worldwide airport lounges, destination car hire, airport transfers and holiday insurance.

 

 
 
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