Secret Escapes recruits finance chief

Secret Escapes has appointed its first chief financial officer as the online travel firm plots further growth.


Andy Botha, ex-finance chief of property company Zoopla, has been recruited in the newly-created role, although the luxury holiday discount firm has always had a finance director.


The company offers members-only discounts on holidays, operating across 22 countries.


Chief executive Alex Saint told the Daily Telegraph: “Andy’s experience will be particularly relevant as we focus on strengthening our presence in [other] markets and growing the business.”


Secret Escapes secured £52 million in funding last summer, taking the total equity raised to more than £150 million.


A stock market float is thought to be one of a number of options open to the company, which could value it at around £500 million, according to analysts’ calculations


Botha, who also headed finance at online retailer notonthehighstreet.com, helped grow Zoopla via acquisitions up until its sale to Silverlake for £2.5 billion last year.


Secret Escapes reported a £14.2 million pre-tax loss on £73 million of sales for 2017. Gross bookings were £403 million, about 48% higher than the previous year.

Related Articles

Simpson Travel appoints trade executive to work with agents

New Nevis tourism boss pledges to strengthen UK trade ties

Not Just Travel expands BDM team in ongoing expansion