Livn ac­tiv­i­ties vi­sion

Travel Bulletin - - STATE OF THE INDUSTRY -

TOUR and ac­tiv­ity dis­trib­u­tor Livn Group al­most be­came listed on the Aus­tralian Stock Ex­change last month, via a back­door ar­range­ment with re­sources min­now Cap­i­tal Min­ing. The deal was pulled at the last minute, with Livn CEO Sean Cum­mins say­ing the pro­posal was “not the right fit”. How­ever pun­dits are keep­ing a close eye on the com­pany, with Livn ex­pected to seek fur­ther op­por­tu­ni­ties to help fund its rapid ex­pan­sion. Livn has just launched a new vir­tual credit card pay­ment sys­tem, which it says makes it the first ma­jor whole­saler to pay sup­pli­ers af­ter a tour has been booked rather than up to a month af­ter the date of travel. The move is a sig­nif­i­cant dis­rup­tion to the tour and ac­tiv­ity space, promis­ing to boost the cash­flow of the op­er­a­tors of the more than 12,500 in­stantly book­able tours and ac­tiv­i­ties of­fered by Livn. Key sup­pli­ers in­clude In­trepid, G Ad­ven­tures, Gray Line and Pro Dive, with Flight Cen­tre and Red Bal­loon among the com­pany’s re­tail part­ners.

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