SOLID PERFORMANCE BCD IN 2012
The Netherlands / Zeist, 23 March 2013 – International travel company BCD Holdings N.V. closed the year 2012 with increased annual sales, despite market stabilization. Over 2012 the company achieved total sales of US$ 22.8 billion, including US$ 8.5 billion in partner sales. The EBITDA attributable to the shareholders rose by 5% from US$ 118 million to US$ 124 million.
A solid performance also for subsidiary BCD Travel. A market leader in business travel BCD Travel extended its customer network worldwide while managing to retain 95% of its existing customer base. Joop Drechsel, CEO of BCD: “In focusing on the traveler experience, together with our customers we are seeking creative solutions in order to save on expenses, make better choices and enable increased productivity for business travelers.” The performance of U.S. subsidiaries Parkmobile International and Park ’N Fly also underline the increasing importance of the customer experience, with the latter being rewarded for this at the end of 2012 with the “Best Experience Award”.
Online travel company Travix entered new markets such as Brazil, China, Russia and India in 2012. After rebranding Vayama, the site now offers more than 100 origin and destination combinations from 5 U.S. cities: New York, Los Angeles, San Francisco, Chicago and Miami. “By offering hotel accommodation, rental cars, entertainment and insurance in addition to flight tickets – so-called cross-selling – we continue to optimize our profitability.”, says Drechsel.
In 2012 the management of TRX and Parkmobile International changed. David Cathcart was appointed CEO of listed travel technology company TRX, while Cherie Fuzzell took on the same role at Parkmobile International, the mobile parking and traffic application provider. In addition, on 1 February 2013 John Mangelaars, previously of Microsoft, was appointed Travix CEO.
BCD Travel’s independent travel consultancy division, Advito, recently published its expectations in the 2013 Industry Forecast. Although travel demand is expected to remain constant, the rapidly changing market also offers many new opportunities and BCD is looking forward to the year 2013 with confidence.
End of press release
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