TC members share in 100 percent profits

first_imgTravellers Choice members will receive a share of $727,553 as the group announced it will distribute 100 percent of its 2011/12 pre-tax operating profits to its national network of member shareholders.All member shareholders will receive a five percent dividend with the remaining profits distributed through trading rebates based on sales support for airline and wholesale partners.Further to this, financial benefits throughout the 2011/12 fiscal period include the override commissions at source from the network’s broad portfolio of preferred suppliers will be distributed to Travellers Choice members.Travellers Choice chief executive Christian Hunter said although down on last year, the 2011/12 result represented a solid performance in a challenging trading environment.”A strong Australian dollar helped drive some demand over the past 12 months, but significant downward pressure on pricing, combined with ever increasing levels of competition in the marketplace, has inevitably hampered the company’s ability to achieve sales in line with last year’s record result,” Mr Hunter added.A network-wide focus on supporting an expanded range of strategic suppliers has helped Travellers Choice, according to Mr Hunter.“Against this backdrop it is encouraging to know that Travellers Choice can deliver an operating profit for the 35th consecutive year.” To drive web traffic and generate sales leads, Travellers Choice members received continued support in the digital field, including search engine marketing and optimisation, combined with a range of social media activities such as travel blogs, twitter campaigns and Facebook promotions.The Travellers Choice Annual General Meeting at the Crowne Plaza Hunter Valley, New South Wales, in November this year will see member shareholders meet for the 2012 Shareholders’ Conference. Source = e-Travel Blackboard: K.Wlast_img

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