|July 13, 2014|
JacTravel Achieves Third Year In International Growth Table
|JacTravel, the B2B hotel accommodation wholesaler and provider of inbound travel services, has been named for a third time in the Sunday Times International Track 200, which ranks Britain's mid-market private companies with the fastest-growing international sales, measured over their latest two years of available accounts. In this period, JacTravel has grown international turnover 24% per annum to £128m.|
This is the third year in a row that JacTravel has appeared in the listing, having previously grown international turnover by 25% per annum in the period to 2013 and 28% per annum in the period to 2012, from a base of £49.6m in 2009.
Terry Williamson, Chief Executive said: "To be listed once in the Sunday Times International Track is a great achievement but to manage it three years in succession is very special. I am particularly grateful to our shareholders who supported our international growth strategy and am extremely proud of the management team and all our staff and who have made it happen."
JacTravel partners with over 12,000 independent and chain hotels in 800 cities globally and processes nearly 1 million bookings per year. It operates from 10 offices worldwide and employs 220 staff providing services to over 1,000 active travel trade customers.
At the end of last month, JacTravel's owners, Bowmark Capital sold the company to Vitruvian Partners in a deal that valued JacTravel at £80m.
JacTravel is one of the world's premier suppliers of online hotel bookings and inbound travel services to the tourism sector. The business was established in 1975 and is headquartered in London, with offices in Edinburgh, Hong Kong, Larnaca and Dubai. The business employs 220 people and in its financial year to October 2013, the business had turnover of £150m.
The business operates two distinct but complementary divisions: online accommodation wholesale, and a UK inbound group travel division. The online division distributes hotel rooms for over 12,000 'hand-picked' hotels globally, with market leading content in London and the groups division has an unrivalled expertise in providing market leading tailored tours to groups visiting the UK and Ireland, offering bespoke itineraries and products.
In recent years, and in recognition of JacTravel's operational and financial performance, the business has received a number of awards, including: UK Tour Operator of the Year 2011 and 2013 (UKinbound Awards for Excellence), Gold Level (2011, 2012 and 2013) in the Green Tourism Business Scheme; Profit Track 100 (Sunday Times) (2013 and 2014) and International Track 200 (Sunday Times) (2012 and 2013).