February 6, 2025

Episode 5: Honey and money: Meet the beekeeper growing a unicorn

The Story behind the deal with guest Graham Donoghue, CEO, Forge Holiday Group

Graham Donoghue is the CEO of the holiday giant you probably haven’t heard of.

Forge Holiday Group is on the cusp of achieving unicorn status but gets a fraction of the attention of its rivals Airbnb and Booking.com.

Today the company manages 33,000 properties; handles 700,000 annual bookings; has 1,800 staff; and transacts more than £500m a year.

Donoghue is a part-time beekeeper and became CEO of Sykes Cottages in 2016 – a year after the company raised £54m from Living Bridge. 

In 2019 Vitruvian Partners took a majority stake in the business for a reputed £400m and Forge Holiday Group’s valuation means it’s close to becoming a unicorn.

Donoghue is a self-confessed ‘data junkie’ and describes Forge Holiday Group as a technology business masquerading as a holiday company.

In a far-reaching interview, Donoghue talks about his near obsession with AI; his early career at MoneySuperMarket.com; and why he doesn’t  share the media’s obsession with becoming a unicorn.

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