Intrepid Travel has announced a partnership with CABN, the off-grid sustainable cabin provider in Australia. As a result of the collaboration, Intrepid Travel will invest a $7.85 million equity stake to accelerate growth plans to deliver over 70 cabins across the country by 2023.
CABN currently offers 11 minimalist escapes in Australia, including a new level of sustainable luxury with CABN X. Each cabin is built from predominantly locally sourced and sustainable materials and requires minimal infrastructure with a “leave no trace” philosophy. Their design allows guests to immerse themselves in nature while encouraging disconnection from everyday life.
During the pandemic, despite travel restrictions, CABN enjoyed a high average occupancy rate of over 90 percent and this is likely to increase as Australians continue to embrace sustainable local travel. Intrepid’s investment will allow CABN to keep up with the increasing demand of eco-friendly travel, with an estimated increase of annual room nights from 4,000 to 26,000 across Australia. The partnership between the two Australian-based companies will allow for an increase in the vertical integration of Intrepid’s business, with future plans to include CABN sites as featured accommodation in a number of the tour operator’s trips.
Michael Lamprell, founder and CEO of CABN, said, “We are incredibly pleased we have found the right partner to take CABN forward. There is clear alignment across our shared commitment to sustainability, the environment and Indigenous culture. Intrepid Travel have extensive experience in the sustainable travel space, and this partnership will allow greater opportunity to expand our off-grid accommodation and experiences.”
The launch of multi-cabin retreat style projects across Australia is planned for the future, including the recently announced CABN site in collaboration with the Hans Heysen Foundation at the Cedars in Hahndorf, the Myponga Reservoir project and successful proponents for the Cooloola Great Walk departing Noosa in the Fraser Coast Region.
For more information, visit www.intrepidtravel.com.
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