Happy Tour group, owned by private equity firm GED, expects growth of more than 10% next year. The group, which includes the Happy Tour travel agency, the online agency Paravion.ro, Travel House – which sells luxury holidays and was integrated into the Happy tour and Prestige Tours – the incoming and outgoing operator of the group estimates revenue of EUR70 million in 2013.
More than half of the revenue of the major travel agencies comes from contracts with corporate clients, to which they provide accommodation booking, transportation and event planning services. Corporate travel budgets range from several thousand to several million euros and the businesses in the oil and gas, pharmaceutical, telecommunications and IT industries allocate the biggest budgets for such purpose.
Greece and Turkey holiday packages generate a lot of revenue for the major travel agencies, too, which offer charter flights to destinations in the two countries.
Romanian-held J’Info Tours, controlled by the Pavel family, expects 10% to 15% higher revenue in 2014 as a result of the increase in the number of customers. It posted EUR10 million revenue in 2012.
In its turn, Aerotravel sees revenue up 10% next year, driven by the development of new products and services, from about EUR36 million revenue in 2013.
Perfect Tour agency, owned by Corina Pacuraru, estimates the increase in the number of customers should lead to an increase of about 18% to 20% in its revenue next year.
Christian Tour group expects double-digit growth coming from greater demand for holiday packages next year. The group estimates to end 2013 with about EUR50 million revenue, up 35% on the EUR37 million of 2012.
Alin Burcea estimates the revenue of Paralela 45, which operates on both corporate and leisure segments, will grow by 15% next year, based on the rise in the number of charter flights booked for Greece.
Accent Travel & Events budgeted an increase of 5% of its 2014 revenue, while Touring Europabus of Dragos Anastasiu, which owns the Eurolines and TUI TravelCenter agency network, says it sees its revenue amounting to EUR50 million this year and to EUR55 million next year.
(English version by Loredana Fratila-Cristescu)