Record for Trav­ellers Choice

Travel Bulletin - - STATE OF THE INDUSTRY -

TRAV­ELLERS Choice mem­ber share­hold­ers will share in a $1.62 mil­lion pre-tax op­er­at­ing profit for 2013/14, with the record re­sult up 33% on the pre­vi­ous fi­nan­cial year. The Trav­ellers Choice board con­firmed that 94% of the profit will be re­turned di­rectly to mem­bers. Each will re­ceive a 25c per share un­franked div­i­dend, while the rest will be dis­trib­uted via trad­ing re­bates based on sales sup­port for air­line and whole­sale part­ners. That’s on top of over­ride com­mis­sions earned at source by Trav­ellers Choice mem­bers. CEO Chris­tian Hunter says the strong per­for­mance fol­lows sev­eral years of work­ing with mem­ber share­hold­ers to re­in­force the im­por­tance of pre­ferred agree­ments, and “pro­vid­ing them the the tools in­for­ma­tion and tar­geted strate­gies they need in or­der to op­timse re­turns”.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.