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Travel Counsellors ‘accelerating rapidly’ to £1bn milestone

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Homeworking travel giant Travel Counsellors’ transactions increased to £719.4 million last year as the Manchester company said it is “accelerating rapidly towards being a £1 billion-plus transaction platform.”

The company’s Total Transaction Value (TTV) for the year October 31, 2022 was up 14 per cent on the £631 million it achieved pre-pandemic in 2018/19, and up more than 300 per cent compared with its 2020/21 result, which was heavily depressed by covid.

Travel Counsellors also reported that the momentum has so far continued into 2022/23, with six consecutive record-breaking months between November 2022 and April 2022, during which time TTV ran to £486 million, up 64 per cent on the same period in 2019.

The business has welcomed 149 new Travel Counsellors in the last year, growing its ranks to more than 1,800, and earlier this year completed its first acquisition after snapping up Birmingham-headquartered homeworking rival Holidaysplease.

CEO Steve Byrne said: “FY22 was a record year for Travel Counsellors as we delivered significant growth across the business against both the prior year and pre-pandemic levels. This outstanding momentum has continued into the first six months of the current financial year, as we have delivered consistently record-breaking months.

“I am extremely confident we are exceptionally well placed to further build on our significant growth over the coming years. We are accelerating rapidly towards being a £1 billion-plus transaction platform in the near future and look forward to serving more customers and helping more travel entrepreneurs to grow their businesses in the years ahead.”

Earnings before interest, tax, depreciation and amortisation, meanwhile, increased to £20.1 million from a loss of £6.8 million a year earlier, with top-selling destinations including the US, Spain, Greece, the UAE and the Maldives.

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