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lowcosttravel group turnover rises to €643 million

19th May 2015 - 1:50pm

Alex Gisbert

Alex Gisbert

lowcosttravelgroup have revealed a significant rise in turnover to €643m for 2013/14 for the group, Majorca based lowcostholidays and Swiss based trade bed bank lowcostbeds reporting an EBITDA of €2.9m after several years of consistent and significant investment across their brands.   “Our investment in a strong senior management team, increased connectivity, an enhanced brand, our new app, further technology and hotel supply investments are really delivering returns for the group.   In addition, the offices we have developed in Switzerland, Palma, Atlanta and Bangkok are now established supporting our focus on new global distribution opportunities”, commented Alex Gisbert (COO lowcosttravelgroup). 

 “Our trade business lowcostbeds remains the key area for the group with demand for global accommodation growing from the 44,000 travel agents and operators currently connected to the website, 800 plus XML customers, with in house hotel inventory predicted to increase to 25,000 hotels including the major chains by the end of the year” added Gisbert.

Additional savings from a new customer service office established in Krakow in Poland over the winter to manage multi back office functions will further assist the group to reduce its operating costs, as well as improve service delivery.

The group founder and CEO Paul Evans comments, “The lowcosttravelgroup is now firmly established as a global business, one of the top 6 global bed banks as well as a leading European OTA.   After 5 years of growth and investments, I believe we have a strong team and two well established brands with increasing supply and connectivity for our customers.”

“I am particularly pleased with the management team we have now built, which allows me to focus more on the next steps for the group”, concludes Evans.


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