Package holiday channel stars for TravelSupermarket

Travelsupermarket‘s revenues for the six months to end-June are likely to come in 45% ahead of the same period last year.

In a pre-close statement, its parent company added: “Growth has been strong across all [travel] channels with package holidays in particular performing well based on improvements to the core product.”

More details about the financial performance of the travel comparison site are likely when the half-year results are released in full towards the end of August.

Moneysupermarket said earlier this year that TravelSupermarket’s Q1 08 revenues were more than 50% ahead of Q1 07.

The loans and mortgages side of the business has “worsened” month by month, while credit cards and savings have prospered.
The net result is that the money vertical – its biggest earner – will deliver “high single digit growth over the same period last year”.

Group chief executive Simon Nixon said that the business had “held its marketing budget firm in the face of some significant marketing expenditure by some other price comparison sites” although he was not vertical-specific.

Graham Donoghue, former new media director for TUI Travel, will take over as managing director of Travelsupermarket on July 1.

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