Spencer Travel in Top 500
CORPORATE specialist Spencer Travel has nudged its ways into IBISWorlds’s 2017 Top 500 Private Companies list, joining more than a dozen other travel, tourism and travel-related infrastructure businesses around the country.
Spencer Travel just made the cusp this year, sitting at 497th in the annual report, based on $65m in revenue, up 8.3% on last year.
Founder Penny Spencer said sneaking into the list was a “thrill”.
“We enjoy an enviable circumstance of long-term, loyal customers and staff.
“Making this list is recognition that we’re doing things right, and that my team is quite simply the best in the business,” Spencer said.
The report was compiled by IBISWorld using ASIC-lodged company reports, listing public unlisted companies, partnerships, associations & private companies.
Among the top 100 companies was Consolidated Travel Group at 29th which generated a whopping $1.3 billion in revenue (up 13% year-on-year). Other top private companies from the tourism sector included Melbourne Airport at 46th with $960 million revenue (up 15% y-o-y), Brisbane Airport at 64th with $680m (up 6%), Perth Airport at 74th with $586m (up 2%) and Federal Hotels Group at 90th with $520m (up 0.5%). Also on the list were Quest Apartment Hotels at 133th with $404m revenue (up 8%), Big4 Holiday Parks at 147th at $388m (up 7%), Lux Group at 174th with $335m (up 12%), Hamilton Island
Enterprises at 228th with $250m (up 6.5%), Adelaide Airport at 275th with $210m (up 3%),
Discovery Parks at 409th with $118m (up 15.8%), GM Hotels at 473rd with $83.3m (down 24%) and Ignite Travel Group at 485th with $77.6m (down 1.4%).
More details HERE.