Record for Trav­ellers Choice

Travel Bulletin - - STATE OF THE INDUSTRY -

Trav­ellers Choice mem­bers are shar­ing in the group’s suc­cess, with the net­work re­port­ing a record $2.1 mil­lion pre-tax op­er­at­ing profit for the year to 30 June – an in­crease of 13%. Be­cause of the way the group is struc­tured, 95% of this fig­ure will be

re­turned di­rectly to Trav­ellers Choice agen­cies who re­main the com­pany’s sole share­hold­ers, said man­ag­ing direc­tor Chris­tian Hunter. He said all mem­bers would re­ceive a 25c per share div­i­dend, with the re­main­der of the profit dis­trib­uted via trad­ing re­bates based on sales sup­port for pre­ferred part­ners. It was the fourth con­sec­u­tive record fi­nan­cial result for the com­pany, with Hunter say­ing it was “un­der­pinned by mem­bers’ un­wa­ver­ing com­mit­ment to max­imis­ing the value of pre­ferred agree­ments” along with strong cost dis­ci­pline within the Trav­ellers Choice head of­fice in Perth. In­come over­all was up 17%, with “solid or­ganic growth” com­ple­mented by strong con­tri­bu­tions from a num­ber of high-cal­i­bre new re­cruits. Trav­el­bul­letin will be re­port­ing from the Trav­ellers Choice Share­hold­ers’ Con­fer­ence which takes place in Can­berra next month.

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