Bedsonline reports 4% revenue growth despite ‘very tough year’

Bedsonline today reported 4% revenue growth in Europe, despite a “very tough year” due to terrorist attacks and geopolitical uncertainty. Some overall markets suffered a decrease in sales, the Spanish-based company admitted, without providing details. The provider of online accommodation and ancillary services to travel agencies countered the sluggish performance in Europe with higher revenue … Continue reading Bedsonline reports 4% revenue growth despite ‘very tough year’

Bedsonline today reported 4% revenue growth in Europe, despite a “very tough year” due to terrorist attacks and geopolitical uncertainty.

Some overall markets suffered a decrease in sales, the Spanish-based company admitted, without providing details.

The provider of online accommodation and ancillary services to travel agencies countered the sluggish performance in Europe with higher revenue growth in the US, South America and Asia in the year to September 30.

US revenue was up by a quarter year-on-year with China increasing by 35% and Japan by 180%.

The company has strengthened its commercial team worldwide by appointing new country managers including Tom Bell in the UK and Ireland.

The firm plans to continue expanding its sales force in countries with great growth potential in the Americas and Asia.

Worldwide sales director Carlos Feliu said: “We have opted for internationalisation, strategically overtaking our competitors in markets with great potential and exceeding our expectations in countries such as the United States, Colombia, Chile, the Philippines, China or Japan.

“We operate in 30 countries where we have more than 120 professionals giving support on a daily basis to the over 30,000 travel agencies that rely on Bedsonline to make their reservations.

“Thanks to the commitment and motivation of our local teams we have become, by far, the online platform with the most presence globally.”