Caravan Insurance

Breaking news provided by onequotedirect - specialists in caravan insurance

Written by Fran Newton, 07/04/10

A caravan holiday operator has been able to increase its bank loan on good terms as a result of the upward trend in stay at home breaks.

Caravan insurance policyholders may have helped boost business at Parkdean Holidays, which has extended the maturity of its £210 million bank loan by two years.

Operating 24 sites nationwide, the firm managed to secure the extension on good terms until 2014, with chief executive John Waterworth suggesting the firm's performance in the tough economic climate potentially helped it secure the result.

To the end of January, the company reported earnings of £31.5 million before deductions, up from the £28 million posted the year before.

It expects this year to achieve between £33 million and £34 million.

Mr Waterworth commented that turnover had risen a little but sales of mobile homes had been difficult. New customers had been found through the high number of people taking breaks at home, who were mitigating lower spending by established holidaymakers.

Meanwhile, the Caravan Club recently suggested caravanning looks set to be the future of holidays, with booking for 2010 already strong.

Previous Caravan News

Skegness home to pet-friendly caravan parks
Helicopter drafted in to search for caravan thieves
Drivers urged to check tyres before bank holiday trips