Manchester-based BlueSky Travel Systems is the fastest growing privately-owned travel technology company in the UK, according to an ‘3″>’annual study published in The Sunday Times.
The study is carried out by research company Fast Track. It ranks businesses according to their sales growth over the past three years.
BlueSky provides travel distribution software. Its biggest client is Thomas Cook Group, which is using BlueSky’s iTour tool to consolidate 11 different reservation systems onto a single platform in a €100m project.
In the 07/8 year. BlueSky’s sales came in at £8.3m, on which it made an undisclosed profit. IN 04/5 sales came in £578K.
Giving it a growth rates over the past three years of £143%. This was the twelfth largest growth rate in the study.
In a statement, BlueSky added that it has recently set up a German subsidiary, and expects growth in continental Europe to drive further increases in revenues and profit into 2009.
Cheapflights is the next highest placed travel-related business, taking 38th position with a sales growth of 73% over the past three years.
It ended 07/8 in the black on sales of £21m. In last year’s TechTrack, its three year rolling sales growth rate was 71%. It has made an appearance in the Top 100 every year since 2004.
Only one other travel player makes this year’s Top 100, with online tour operator dreamticket.com taking 42nd slot with a CAGR of 69%.
Sales for 2007 were £15.1m, with the current year’s total expected to reach £35m.
Dreamticket currently arranges long-haul holidays for around 30K people a year, and is planning to widen its offer with new sites aimed at super luxury tailor-made holidays and budget travel.
The entry accompanying search engine marketing company Greenlight’s entry claims that a campaign carried out for Monarch Airlines “earned £364 for every £1 invested”.