Fast-Growing Food Tours Operator Hungry for More Acquisitions

25.08.2023 - 14:34 / skift.com / Travel Experiences / London Bridge / For More

Secret Food Tours, a global food tours company located in over 60 cities, is hedging its expansion and growth through niche acquisitions and partnerships.

Based in the United Kingdom, the company has just acquired two local food tour companies, Little Havana Tours in Miami and Seattle Bites Food Tours in Seattle. Partnerships with Celebrity Cruises and Marriott are also in the works. And they’re just getting started, according to co-founder Oliver Mernick-Levene.

Mernick-Levene and his partner Nico Jacquart founded Secret Food Tours in 2014 and expect revenues of $10 million in 2022 growing to $50 million by 2027.

Secret Food Tours believes it has set itself apart, with each tour built by its small development team who head into a destination to script the itinerary from the ground up to get “the right balance of culture, history and fun.”  

“Each tour always include a secret location and dish,” added Mernick-Levene.

Food as a niche approach to tours and activities isn’t a new concept. The World Food Travel Association estimates that 79 percent of travelers learn about a destination through food and drink.  

While a recent GetYourGuide survey of U.S. travelers showed, travelers are willing (93 percent) to cut back on some aspects to save money on a trip. But less than a third are ready to cut back on experiences or activities (29 percent). There were no surprises in the survey results that showed food experiences as the top priority for authentic ways to experience a destination.

A snap look at similar independent food tour operators shows they have 10 or less tours per operator. Eating Europe as the name suggests, serves up niche tours to popular European cities, with just 10 city tour options. Similarly, Sidewalk Tours offers seven city-based itineraries, with most of them in key U.S. states.

With Secret Food Tours it’s about working with local places, the mom-and-pop spots and not just the top Michelin-rated establishments, said Mernick-Levene.

He added that the budget is also an important consideration in a recessionary environment amid rising food costs.

Secret Food Tours has handpicked its 250 guides and contractors, with attention to itinerary uniqueness, “earning it over 21,000 5-star reviews.”

He said they have a small team with an in-house advantage of their own tech to take care of business processes, from managing guides, payments, and customer reviews.     

With such an extensive footprint and a honed strategy for building its own tours, why the shift to buying up existing businesses?

Mernick-Levene said Secret Food Tours prides itself on brand recognition in being able to put destinations onto the map. 

He referenced their tours to areas like London Bridge, “when it wasn’t a