Travel Does Not Pay at NRMA

Better late than never with this story: NRMA last week announced the sale of Adventure World, Value Tours, Coral Seas and Creative Cruising – wholesalers it acquired on a misguided buying binge that made a few people unexpectedly wealthy with over-the-top prices paid by the motoring organisation, which has since written down the value of these companies by $30 million.

They have been bought by The Travel Corporation, which numerous wholesalers including Contiki, Creative Holidays, Insight Vacations, Trafalgar and AAT Kings.

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