Evolution of Bus Transportation
In 1830, Sir Goldworthy Gurney of Great Britain designed a large stagecoach driven by a steam engine, possibly the first motor-driven bus. Blaise Pascal, in 1662, first suggested the idea of a vehicle carrying multiple passengers. In 1895, Carl Benz built the first motorized bus in Germany.
There are four main types of buses:
- City or transit
- Suburban
- Intercity or tour
- School
Big Bus Tours
Formation and Growth
Big Bus Tours, founded in London in 1991, started with 4 buses and has expanded globally. The company now operates over 150 buses worldwide, with a distinctive burgundy and cream livery. It has merged with other companies and operates in 23 cities across 11 countries.
Operations and Partnerships
Big Bus Tours enhances the tourist experience through partnerships with local businesses and attractions. The hop-on hop-off feature allows flexible exploration, and live commentary provides informative insights during tours.
Financial Details
Big Bus Tours is estimated to generate substantial earnings and holds significant value in the sightseeing industry. The company’s growth trajectory positions it as a top choice for tourists globally.
Expansion and Acquisition
Exponent, a private equity partnership, acquired Big Bus Tours and aims to facilitate its expansion into new markets and digital sales channels. The founding families are set to receive substantial financial gains from the business acquisition.