Business travel

TMCs driven by the revival of business travel

TMCs continue to follow the recovery path, with travel advisors reporting a strong recovery in business travel and group bookings, while ATPI Group reported a sharp increase in profits for fiscal 2021.

Travel advisers said they achieved business travel sales of £4.5million in one week this month. It was only the second time in 2022 that weekly business travel sales exceeded £4m for the Manchester-based work-from-home business.

The SME travel management specialist also noted that there has been an increase in long-haul bookings to destinations such as the US and South Africa as Covid-19 restrictions have been lifted. lifted around the world.

Kieran Hartwell, Managing Director, Enterprise, at Travel Counselors added: “Our clients have stuck with us during the pandemic; they know we provide the highest level of customer service. We are also witnessing a real revival of group travel, whether business or incentive.

The ATPI Group, meanwhile, made operating profit of £17.5 million in 2021 across its wholly owned and joint venture businesses, a 60% increase on 2020 profits.

In a statement on Thursday, CEO Ian Sinderson said TMC had achieved “outstanding performance and continued growth” in 2021 despite border restrictions.

“We continued to maintain our pace of new investment and innovation, and remained focused on the things that matter – providing expert service to our customers around the world,” Sinderson said. “While making tremendous progress towards our 2019 revenue levels, we also maintained and increased our profitability every month of the year.”

In 2021, ATPI acquired the German travel agency Hamburg Süd Reiseagentur, expanded its network of international partners and launched new services such as the sustainability-focused ATPI Halo.