UK holiday rentals site Travel Chapter has announced its intention to float on the Alternative Investment Market (AIM).
AIM is a sub-market of the London Stock Exchange, which is designed to help smaller, riskier companies raise capital.
Travel Chapter says it’s portfolio of 8,000 properties makes it the third largest holiday rental agency in the UK.
Its flagship brand is holidaycottages.co.uk, but it also has 33 regional and ‘lifestyle’ brands and claims to list around 10% of the UK’s agency-managed holiday properties.
It aims to be admitted to the AIM by the middle of next month.
CEO Jayne McClure said: “This marks the exciting next stage of the Travel Chapter journey as a leading online platform for UK holiday rentals.
“We have witnessed long term and robust structural tailwinds in domestic tourism in the UK and believe that these are set to continue.
“Our sector-leading booking platform, owner relationships, customer service and quality-focused property portfolio means we are well placed to continue to grow market share in a fragmented market, both organically and through selective acquisitions.”
Travel Chapter said it expects the UK self-catering holiday market to grow 54% in value this year, and to continue to grow at an average of 6% to 7% a year to 2025.
