Hotelbeds, the world leading bedbank, experienced 18% growth in roomnights driving a 26% YoY growth in TTV. The Transfer & Activity Bank and New Venture Business units delivered strong performances, growing sales by 44% and 64% respectively.
PALMA DE MALLORCA – Hotelbeds Group, part of TUI Group, has closed another successful fiscal year growing TTV by 700m euros or 20% in 2015 (year ending 30 September), reaching 4,279 million euros (Total Transaction Value). EBITA increased by 15% to 117 million euros. With these impressive results Hotelbeds Group continues to significantly outperform the average industry growth rates in all the respective segments in which it competes.
The business was rebranded from TUI Travel A&D to Hotelbeds Group in January 2015 following the creation of TUI Group. As part of TUI’s strategic plan to vertically integrate all aspects of its tour operating business, a significant element of Hotelbeds’ traditional incoming services are being transferred over to TUI’s Tourism sector. The results reported for FY14/15 still reflect the combined results prior to the transfer of this business.
Hotelbeds Group, as a result of this singular focus on the fastest growing segments of the travel industry, is better positioned than ever to continue delivering its enviable track record of double digit year-on-year growth, a feat it has achieved ever since its inception in 2001.
Hotelbeds Group growth highlights include:
- 18% increase in its Bedbank roomnights driving 26% growth in TTV.
- 44% increase in TTV sales from the Transfer and Activity bank business unit.
– 9% growth in inbound passengers handled by the Destination Management business unit.
– 64% growth in TTV from across our New Venture businesses, that includes TT Services (global visa outsourcing services for government agencies), ROIBACK (direct marketing solutions for hoteliers) and Carnect (car rental distribution for the travel trade).
Active in more than 120 source markets worldwide and distributing products from more than 180 countries, Hotelbeds Group maintains leading positions in some of the fast growing segments of the travel trade.
In the words of Joan Vila, President, Hotelbeds Group, “It’s been another great year for Hotelbeds Group. Against a backdrop of intensifying competition, we have once again achieved excellent results in all our segments. Our robust business models have enabled us to continue to significantly outstrip average market growth rates worldwide.
Our core Bedbank business continues to be the clear market leader while our focus on diversifying into new market segments is paying dividends as evidenced by the impressive growth rates in our Transfer & Activity Bank and New Venture business units”.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
