TRAVELLERS Choice has released its financial results for 2018/19, with an overall profit of $2.05 million, up 32% on the previous year.
MD Christian Hunter said the growth had been underpinned by strong airline ticket sales across the group, with a 13% uplift in the number of flights processed.
“Revenue from our preferred agreements rose across the board, reflecting robust trading conditions and the proven ability of our members to direct business to our valued partners,” Hunter said.
Travellers Choice continued to invest in support services to help its members identify and seize commercial opportunities, particularly in the areas of digital promotions and local area marketing, while the bottom line was also assisted by a reduction in overall costs in the business.
The Travellers Choice Board has approved the distribution of 88% of the 2018/19 profit to members, who remain the company’s sole shareholders.
Hunter said forward sales were looking positive for the group, while a strong profit performance for 2019/20 was anticipated, partly due to the upcoming addition of several “high-calibre” members to the network.
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Source: traveldaily