Hotelbeds Group, part of TUI Group, has closed another successful fiscal year, with total transaction value (TTV) growing by €700m or 20% in 2015 to reach €4,279 million.
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 growth highlights include:
- 18% increase in its bedbank room-nights 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).
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