Gross bookings are up 43% while figures indicate that premium economy airfares has seen the largest growth in demand
Trevolution Group H1 results sees record figures and Premium Economy demand rocket by 130%
One of the largest travel consolidators in the US, Trevolution Group has announced commercial results for the first half of 2023, showing record performance in airfare sales.
The group responsible for travel brands such as Asaptickets, Skyluxtravel and Dreamport as well as others, has achieved over $623 million in total gross bookings, which is up 43% compared with the same period last year.
Over 435,210 tickets have sold across its travel brands as a result of this, which is almost a 92% growth compared to the same period pre-pandemic.
Part of Trevolution Group’s figures released saw the comparison of ticket prices, which have risen on average 4% for economy, 19% for premium economy, 22% for business class and over 30% for first class.
It also found that premium economy class has shown a significant increase, going up in demand by 130% compared to 2022.
As a result, the number of auxiliary products and services has also increased by almost 30% in 2023 versus 2022 and by 108% compared to 2021.
“While 2022 was a very strong and dynamic year for us, we are excited to have yet again exceeded our growth during the first half of this year,” said Peter Vazan, EVP of industry relations of Trevolution Group.
“With travel volumes being back to pre-pandemic levels, we are actively catering to our customer demand by expanding our operations, offering more innovative travel products and entering new markets.
“So far in 2023 we have launched direct ticketing services across two of our leading markets in Europe and Asia, making affordable travel even more accessible to people around the globe.
“The first six months of the year have already allowed us to reach our goals that were set last year, and we are maximizing our performance to ensure an even better travel experience and reach new heights by the end of this year.”