Revenue at Travelsupermarket.com declined by 2% to £13.1 million last year due to weakness in the flight and hotel sectors.
Weak flight and hotel sectors see Travelsupermarket revenues decline
Revenue at Travelsupermarket.com declined by 2% to £13.1 million last year due to weakness in the flight and hotel sectors.
Visitor levels to the site increased by 9% over 2011 to 44 million and parent company Moneysupermarket.com said it “continues to see good opportunities for future growth in the travel business”.
Revealing annual results this morning, the company said: “Trading within the travel vertical improved throughout the course of the year quarter on quarter, relative to the same period last year.
“Revenues in the second half of the year were approximately 5% ahead of the same period last year. Package holidays revenue improved substantially in 2012 as the technology investments made in 2011 bedded in and the site was continually optimised to improve the user experience.
“Car hire revenues also held up well. Revenues from flights and hotels were weaker year on year continuing to reflect lower consumer demand, although improvements made to the hotels channel in the second half of the year helped boost revenues.
“Other revenue, representing impression based advertising, fell by 25% as, consistent with the rest of the business, management reduced the amount of real estate available for advertising.”
Overall group revenue for Moneysupermarket.com rose by 13% to £204.8 million while adjusted EBITDA came in 26% higher at £66.5 million.
