Advantage Travel Partnership Reports Record Financial Gains for 2023/24
The Advantage Travel Partnership has announced outstanding financial results, showcasing a significant turnover increase driven by its robust membership.
Advantage Travel Partnership Reports Record Financial Gains for 2023/24
On the heels of a highly successful annual conference in Malta, Advantage Travel Centres Limited, operating as Advantage Travel Partnership, has revealed its financial results for the year ending 2023/24.
The total turnover for the membership reached an impressive £17 billion, with UK members contributing £8.8 billion, split between £6.3 billion from Global Business Travel and £2.5 billion from Leisure Travel.
Key Highlights:
- Growth Driven by Strategic Focus: The business achieved these impressive results through a clear strategy focused on delivering value for all stakeholders within the travel sector.
- Highest Profitability: This financial year saw the highest level of profitability in the Group’s history, enabling investments in growth and services.
- Resilient Sector Performance: Despite economic challenges, the UK outbound travel industry showed resilience, becoming a leader in consumer spending.
Advantage Travel Partnership’s Chair, Steven Esom, commented:
“2024 marked a watershed year for the UK Outbound Travel industry as we experienced our first true return to normality since the pandemic.” Translation: Steven Esom emphasizes the resilience of the industry amid numerous challenges, reflecting a significant return to normalcy.
The network of membership has expanded significantly, with now 84 countries represented. Growing UK membership turnover by 16% year-over-year illustrates the strengthening of the partnership model.
Julia Lo Bue-Said further noted:
“During the year Advantage Travel Partnership achieved a set of outstanding results, demonstrating excellence across every aspect of our operations.” Translation: Julia acknowledges the remarkable achievements throughout the year, highlighting the operational excellence that supports future objectives.
For future growth, the partnership introduced a new branding identity and a digital platform, illustrating its forward-thinking approach.
Overall, Advantage Travel Partnership enters a new phase from a strong position, ready to enhance member benefits and adapt to evolving market needs.
