Club Travel Sales Drop Amid Online Pressure
Published on Aug 18 2014 2:19 PM in General Industry
Club Travel, one of the largest travel agents in Ireland, saw its sales for the 12 months to the end of October fall by €6 million to €80 million, according to a report in The Irish Times.
Its profits fell by less than €1 million to €2.8 million, due to a reduction in costs. The company has accumulated profits of €28.8 million.
It has attributed the fall in sales and profits to the increase in pressure from the growth of online travel facilities.
However, the company received a welcome boost recently when it won an EU tender to manage all official State travel requirements. It had previously provided State travel services before it was replaced by another company two years ago. The one-year contract is renewable annually for up to three years and will cover all official air, rail, ferry and hotel bookings. Five new jobs have been created at the company as a result.
The Dublin based company also provides travel services under other names such as destinations.ie and go4less.ie.