More than three-quarters of the best travel agencies in the UK and Ireland have said 2016 was their strongest ever year, with a large number having to expand and recruit more staff to support their growing businesses.
In a survey quizzing 41 of the shortlisted branches from this year’s TTG Top 50 Travel Agencies initiative, respondents also said they had noted a huge increase in new business as customers increasingly return to the high street, valuing the expertise of a travel professional and becoming frustrated with the process of booking a holiday online.
All of the high street agencies that took part in the survey said they had increased sales last year compared with 2015. More impressively, 39% of these agencies said their sales had increased by 25-50% between the two years.
Given this impressive growth, it was not surprising that for 88% of the agencies, 2016 was their most profitable of the past five years.
The same number of agencies also enjoyed a record-breaking year for sales in 2016.
Gaining new customers was key to this growth, with 93% welcoming an increase in the number of clients who had never booked with the agency before, compared with the previous year. Even more impressively, 15% of the agencies recorded an increase in the number of new customers of more than 50% year-on-year.
They were also boosted by the return of some existing customers who had booked elsewhere or online during the previous year – 66% said they had seen a “fair” or “significant” increase in the number of these returning clients in 2016.
TTG Top 50 agencies on the road to success
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