TravelSupermarket revenues up in ‘year of recovery’

Price comparison site reports profit growth of 4% during 2017 to £23.3m Continue reading →

Revenues at TravelSupermarket rose by 4% in 2017 to £23.3 million in a “year of recovery” for the price comparison site.

The £1 million increase over 2016 emerged as parent company Moneysupermarket.com Group reported a 6% improvement in after tax profits to £78.1 million on revenues up by 4% year-on-year to £329.7 million.

TravelSupermarket general manager Matt Walls said: “2017 was a year of recovery for TravelSupermarket.

“It was pleasing to see an increase in profit and growth, particularly in our holidays product during the second half of the year.

“This was a result of focusing our efforts, working hard to improve our product, as well as building stronger relationships with partners.

“Into 2018, we will continue to improve the customer journeys in holidays and car hire, and also build even better tools for our partners to allow them to better optimise the traffic they receive from us.”

Group chief executive Mark Lewis said: “In 2017, customers saved more through us than ever before – £2 billion.

“And we’re not stopping there. We are committed to leading the way in price comparison to make saving with us easier, quicker and simpler.

“Our goal is to offer our customers ways to save that they didn’t know existed and to do so in a way that is as effortless as we can make it.”