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ProsperCap seeks to ride UK domestic tourism recovery, upgrade hotels

by Riah Marton
in Technology
ProsperCap seeks to ride UK domestic tourism recovery, upgrade hotels
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Despite a fire incident that hit revenue, chief executive Iqbal Jumabhoy is optimistic about the company’s recent performance and growth prospects

HOSPITALITY specialist ProsperCap Corp is looking to ride the recovery in domestic business and leisure travel in the UK, while upgrading some properties in its portfolio of mostly upscale hotels across the country’s key cities.

“(There is) strong, continued support in local travel in both business and leisure. That’s good; it helps us because many of the hotels have a component of conference facilities,” said ProsperCap’s chief executive and hospitality veteran Iqbal Jumabhoy.

ProsperCap is a unit of Thai conglomerate DTGO Corp, and made its debut on Catalist in January via a reverse takeover (RTO) of investment holding company 3Cnergy. Its hotels operate under franchise agreements with major international brands such as IHG, Hilton and Marriott.

Tags: domestictourismHotelsProsperCapRecoveryRideSeeksUpgrade
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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