Demand drives TrEvolution airfare sales to $639m

More than 510,000 tickets were sold across its travel brands

International travel group, TrEvolution, has announced its commercial results for the first half of 2024, once again surpassing record-high volumes in airfare sales. 

Between January and June 2024, the group that connects air travellers with companies including ASAP Tickets, Skylux Travel, Oojo, Triplicity and Dreamport, to name a few recorded total gross bookings close to $639 million.

This is a result of more than 510,000 sold tickets across its brands, which is a 20% increase in processed ticket volumes compared to the same sales period last year, and 129% growth in comparison to the pre-pandemic years. 

Along with strengthening its corporate travel management segment and introducing Dreampass, a new generation travel app, TrEvolution Group rapidly continues its global expansion with new advanced travel services launching in the second half of 2024.

Being a global travel market leader for over two decades, it has developed broad expertise in the Visiting Friends and Relatives (VFR) segment. 

The VFR form of travel is also strongly indicated by its most popular travel destinations, with the United States, India, the Philippines, Italy, and Nigeria being the top five most-visited countries so far this year. 

Compared to 2023, ticket sales to Italy have grown significantly, by 99%, and to India by almost 37%, while the US has shown a 24% growth, and Nigeria – another 17% increase, surpassing the United Kingdom, which was listed among the top five travel destinations in the same period last year. 

Likewise, Canada has emerged among the fastest-growing destination countries in the first half of 2024, with a rapid 90% increase in flights purchased by the Group's international customers.

A similar pattern was observed when defining the leading departure countries, where the United States, Canada, the Philippines, and India traditionally emerged among the most popular locations from which travellers flew. 

Similarly to the previous year, most air passengers, or 90%, chose to fly Economy class, and one in every 11 travellers flew Business class in the first half of 2024. 

In addition to this, round-trip was the most frequently selected trip type with an average of 2.3 times more tickets sold compared to one-way trips. 

It also indicated an almost 13% increase in sales, while the share of one-way tickets went up by over 45%. 

Meanwhile, United Airlines, Turkish Airlines, Philippines Airlines, American Airlines, and Qatar Airways were the most-used air travel providers that TrEvolution Group's customers gave preference to in the first six months of 2024. 

However, Lufthansa and British Airways showed the most significant increase in global flight sales, surging by 99% and 73.5% compared to H1 of 2023.

As we continue to develop and improve our extensive travel product portfolio to increase customer satisfaction, we are now focusing our efforts on presenting a new, exciting product to the market – an all-in-one travel super-app Dreampass that will enhance customer engagement even more,” said Alex Weinstein, the founder of Dyninno Group of Companies.