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New Beston Parks CEO to consolidate and grow parks portfolio

August 24, 2007
New Beston Parks CEO to consolidate and grow parks portfolio

Beston Parks Group has appointed former Harvey World Travel chief financial officer Tim Dodds to consolidate and grow the companys portfolio of more than 40 parks throughout Australia.

Replacing Roger Sexton, Tim Dodds will oversee the Groups operations which recently completed acquisitions of Tasmanias leading group of tourist parks, Cosy Cabins, and a 10 acre beachfront resort park based in Eden, New South Wales.

The acquisitions are worth more than $22m and takes the group's total number of properties aquired in the last two and a half years to 41.

Beston Parks Group has successfully led a consolidation within the tourist park sector which has seen it evolve from a cottage industry to a mainstream commercial tourism business, Tim Dodds said.

Denis Page, former ACT Managing Partner of Ernst and Young has been appointed chairman. He has more than 15 years experience in the tourism sector.

Roger Sexton and outgoing chairman Stephen Gerlach will now focus on Beston Pacific Asset Management, the entity that founded and retains a shareholding in the Beston Parks Group.

Beston Parks which started operations in 2005 offers a range of accommodation across Australia from budget parks to luxury resort cabins.

Tim Dodds spent 13 years with Harvey World Travel. He is credited with aquiring 90 UK independent travel operations in less than nine months and acquiring Thomas Cook Travel Australia and New Zealand in 2001.

Australia's caravan and tourist park industry revenue is valued at over $1 billion with growth now fuelled by retiring baby-boomers investing in Recreational Vehicles like caravans, motorhomes, campers and campervans.

There is also a return to extended families holidaying together. This can span three generations.