The Travel Counsellors Group has closed fiscal year 2023 with record revenue.
The first half of fiscal year 2024 is also showing solid growth, the international travel company has announced.
Travel Counsellors, active in the Netherlands, Belgium, the United Kingdom, Ireland, South Africa and the Arab Emirates, recorded a total turnover of 941.6 million British pounds, equivalent to more than 1.1 billion euros, in the financial year 2023 (ending 31 October 2023).
That’s a growth of 31 percent.
These results were achieved for both leisure bookings and business travel.
Of the total turnover, 79 percent consisted of premium leisure bookings.
Travel business travel arm Travel Counsellors for Business saw revenue rise to £215 million in 2023.
Gross profit increased by 64 per cent compared to 2022, coming in at £33 million.
In 2023, 300 travel advisors joined the Travel Counsellors Group.
This brought the total number of Travel Counsellors worldwide to 1,923 in the previous financial year. Revenue growth Revenue growth at Travel Counsellors continued in the first six months of the new financial year (1 November 2023 to 30 April 2024).
Revenue increased by 14 percent year-on-year.
There were 148 new travel advisors.
This growth of 23 percent brings the total number of Travel Counsellors to more than 2,000.
To support its long-term growth plans, Travel Counsellors is continuously investing in further expanding its scalable platform, the company said in a statement.
“The focus here is on offering more support to the independent travel advisors, so that they are even better able to build lasting relationships with their customers and grow their businesses. So far, this has resulted in a five-star rating on TrustPilot, which reflects consumer satisfaction.” Travel Counsellors further expanded its own technology platform in January 2024 through the strategic acquisition of technology platform Planisto.
“The integration of the Planisto platform accelerates Travel Counsellors’ technology development plans and increases its focus on the premium leisure market,” the company says.
“By adding functionalities from Planisto to the Phenix system of Travel Counsellors, it is possible to put together very complex itineraries and present them to consumers in an interactive way.” Netherlands “2023 was another record year for Travel Counsellors with significant growth and strategic progress across the organisation,” said Steve Byrne, CEO of Travel Counsellors Group.
“This positive result demonstrates the strength of our strategy and is further highlighted by the record number of clients who entrusted Travel Counsellors with their leisure and business travel.” Fred van Eijk, managing director and founder of Travel Counsellors Netherlands and Belgium, says he is proud that the team in the Netherlands and Belgium was also able to contribute to ‘these excellent results’.
“We are also experiencing strong growth in the Dutch and Belgian markets in terms of turnover, the number of Travel Counsellors, premium leisure bookings and profit figures. The technological developments within our group certainly play an important role in this.’ Photo: Fred van Eijk and Steve Byrne (Archive photo TravMagazine).
