Company CEO Javier Garcia del Valle said in a press release Monday 2013 was marked by investments in technology and online marketing and those investments will reflect in the results of 2014.
The group, which consists of tour agency Happy Tour, online reservation portal Paravion, Travel House agency and tour operator Prestige Tours, did not say what its revenue was in 2012.
According to Finance Ministry data, Happy Tour had a turnover of RON181.9 million (EUR40.9 million) in 2012, Prestige Tours International had sales of RON57.9 million (EUR13 million), and Paravion Tour posted a turnover of RON52.3 million (EUR11.7 million). The most recent data for Travel House International are from 2011.
The joint turnover of Happy Tour, Prestige Tours International and Paravion Tour amounted to EUR65.6 million in 2012.
“More and more Romanians choose to travel to charter-operated destinations in summer. Last year we had 14 chartered flights to Greece, Turkey, Spain and Cyprus,” said del Valle.
He added 45%-55% of travels through the group were vacations and the rest were corporate clients and low cost flight tickets increased 10% in volume in 2013. The most sought-after destinations last year were Barcelona, Milan and Rome.
Happy Tour agency was founded by Nicolae Demetriade and bought in 2007 by Spanish investment fund GED.