Record for Travellers Choice
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.