Secret Escapes
Financials
Estimates*
GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 73.2m | 121m | 169m | 76.1m | 69.4m | 108m | 130m |
% growth | 50 % | 66 % | 40 % | (55 %) | (9 %) | 56 % | 21 % |
EBITDA | (8.3m) | (4.2m) | 5.0m | (33.8m) | 5.4m | (7.6m) | - |
% EBITDA margin | (11 %) | (3 %) | 3 % | (44 %) | 8 % | (7 %) | - |
Profit | (14.7m) | (11.0m) | (12.8m) | (48.2m) | (12.7m) | (24.2m) | - |
% profit margin | (20 %) | (9 %) | (8 %) | (63 %) | (18 %) | (22 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
£8.0m | Early VC | ||
N/A | Support Program | ||
N/A | Series A | ||
* | $60.0m | Series C | |
N/A | N/A | Secondary | |
* | £52.0m | Series D | |
£31.0m | Debt | ||
* | £52.0m | Growth Equity VC | |
£55.0m | Series E | ||
* | £30.0m | Debt | |
Total Funding | €264m |
Recent News about Secret Escapes
EditSecret Escapes is a UK-based startup that specializes in offering luxury travel experiences at significantly reduced prices. The company operates an online platform where members can access exclusive deals on high-end hotels and holiday packages. Membership is free, and users can save up to 70% on curated travel options. The platform serves over 20 million members primarily in the UK but also caters to international clients.
Secret Escapes operates in the luxury travel market, targeting consumers who seek premium travel experiences but are also price-conscious. The company negotiates exclusive rates with luxury hotels and holiday providers, ensuring that the offerings are hand-picked and meet high standards. This approach allows Secret Escapes to provide added perks and unique experiences to its members.
The business model is straightforward: Secret Escapes earns a commission from the travel providers for each booking made through its platform. This commission-based model aligns the company’s interests with those of its members, as it incentivizes Secret Escapes to secure the best possible deals. Additionally, the company may generate revenue through advertising and partnerships with travel-related businesses.
In summary, Secret Escapes leverages its large membership base and strong negotiating power to offer luxury travel at discounted rates. The company’s focus on quality and exclusivity sets it apart in the competitive travel market.
Keywords: luxury travel, discounted rates, exclusive deals, free membership, curated hotels, holiday packages, commission-based, premium experiences, international clients, travel market.