eyefortravel.com - Travel Distribution News, Events and Analysis: "Lowcostbeds.com says it is ahead of its business plan for its first year's trading to sell over 30,000 holidays, with turnover exceeding 4.5m and a forward run rate of 10m per annum...
The company, launched in November 2004, announced it has completed a substantial investment deal with venture capital trust management company, Close Venture Management, valuing the company at £7m within a year of set up. Close Venture Management was a significant investor in activehotels.com which was sold to priceline.com, for £90m in 2004"
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