Livn activities vision
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.