60 years ago John Fowler bought a caravan, pitched it in a Cornish field and advertised for holidaymakers to visit.
Today his firm employs 1,000 people and can accommodate 15,000 visitors at any one time.
Mr Fowler told our Business Correspondent Seth Conway that it's all down to changing with the times.
An investigation is underway into the death of a 4-year-old boy who suffered a heart attack after being pulled from a swimming pool near Ilfracombe.
He was taken to North Devon Hospital and transferred to Bristol Children's Hospital where he later died.
The boy was on holiday with his family at Bicclescombe Grange holiday home and had been in the indoor swimming pool.
The police say the circumstances aren't known but don't believe the incident is suspicious.
It is understood the boy was on holiday with his family.
Police said the youngster was pulled from the swimming pool at Bicclescombe Grange near Ilfracombe on Friday at around 4.30pm.
He was taken to North Devon District Hospital and then airlifted to Bristol Children's Hospital, but later died.
The owners of the hotel, who were away at the time of the accident, said the Health and Safety Executive has examined the pool and found nothing untoward.
A police spokesman has said this is a very tragic incident and the circumstances are not known at this time but there is nothing to suggest this is suspicious.
We are very distressed at what's happened and are still reeling with the shock.
This is a terrible tragedy and my understanding is that this is a tragic accident.
All our thoughts are with the family at this very difficult time."
Two teenage boys have been rescued from rocks off Broadstrand Beach in Devon.
The pair became cut off by the tide and became trapped on rocks which were made slippy by the recent rain.
The Ilfracombe RNLI were despatched and managed to safely bring them back to shore.
One of the world's most famous living artists has opened his new gallery in Ilfracombe. Damien Hirst already has a restaurant there and a huge seafront sculpture. Hirst lives near Ilfracombe - so is he about to have the same impact on North Devon as TV chef Rick Stein has had on Padstow?
Volunteer crew members from Ilfracombe RNLI rescued a fishing boat this afternoon in strong winds and a heavy ground swell. The potting vessel Nemo had lost power approximately one mile off Lee Bay. The lifeboat Spirit of Derbyshire assisted her back to harbour with a tow line.
Coxswain Andrew Bengey said Nemo was a well-maintained boat run by professional fisherman, making the circumstances of the call-out unusual.
He's already got Verity in Ilfracombe and it now looks like Damien Hirst could be opening his own gallery in the town. It's been revealed that the artist has bought two adjacent properties in his childhood home. The purchases were revealed at a town council meeting.
Three months after she was craned into position, Damien Hirst's controversial 'Verity' statue should be open to the public in Ilfracombe later this week. Work to complete the base of the sculpture, including the laying of 30,000 slate tiles had been delayed due to the bad weather.