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BCD Holdings expects record sales in 2011

Zeist, The Netherlands, 10 October 2011 – Despite the ongoing global economical crisis, the international travel company BCD Holdings N.V. expects to achieve record sales for the year 2011. In the last nine months, the company has seen sales volume rise by more than 20%.

The increase was partly the result of solid growth at the business travel subsidiary BCD Travel and the explosive development of online travel company Travix. The latter subsidiary was formed at the beginning of 2011 after the strong online brands CheapTickets, Vliegwinkel, BudgetAir, Flugladen and Vayama were merged.

BCD Travel, sustainable and robust

The year 2011 began with a strong first quarter for BCD Travel, followed by some decline caused by a variety of external factors such as the earthquake in Japan, the political unrest in the Middle East and the general economic climate in the second quarter. Joop Drechsel, CEO BCD: “Despite this slow-down in the second quarter, we expect to see sustainable growth at BCD Travel and a robust closure for the year 2011, with significantly higher sales in comparison to last year.”

Dynamic Packaging

New subsidiary Travix, a rapidly developing online travel specialist, expects sales of more than US$1 billion this year. The number of transactions has now risen by more than 40% in comparison with the total number in 2010 for the three separate companies combined. “Partly due to the recent takeover of hotel reservation site Easytobook.com, Dynamic Packaging – in which customers compose their trips themselves – is being introduced earlier, and this will contribute to the further success of internet travel company Travix in the near future”, said BCD’s CEO Joop Drechsel.

Expansion in the USA

For the other subsidiaries within BCD Holdings, the year 2011 also has been favorable. Park ’N Fly, one of the United States’ largest off-airport parking providers, recently opened two more new locations, in Jacksonville and Baltimore. In addition, ParkMobile International recently launched the “Pay by Phone” concept, also known as mobile parking, successfully in Washington DC in the US. This makes Washington the fifth major metropolis, after London, Amsterdam, Berlin and Athens, to offer the leading mobile parking solutions.

Outlook for 2012

BCD Holdings expects to be able to perform positively and strongly throughout the months of October and November, especially important months for the business travel segment. Despite the challenges currently facing the travel sector, subsidiary Advito – an expert in the field of travel consultancy – expects a further increase in the demand for travel in 2012. BCD Holdings quietly anticipates, with more than US$ 1 billion of new business and an average retention rate of more than 95 percent, on a positive 2012.

About BCD Holdings

BCD Holdings N.V. is a market leader in the travel industry. The Dutch privately owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management), Travix (online travel: CheapTickets, Vliegwinkel, BudgetAir and Vayama), Park 'N Fly (off-airport parking), TRX (travel transaction processing and data integration), Airtrade (consolidating and fulfillment), VakantieXperts (leisure) and Parkmobile International (mobile parking and traffic applications). BCD Holdings employs approximately 13,500 people and operates in more than 90 countries with total sales, including franchising, of US$ 20.3 billion.

End of press release

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