Trevolution Group reports record numbers in airfare sales

Trevolution Group reports record numbers in airfare sales

Sales exceeded 2022 numbers by 26%

Trevolution Group, parent company of travel brands ASAP Tickets and others, has announced commercial results for 2023 with record volumes in airfare sales. 

Within last year, the Group’s total gross bookings has reached over one billion USD, exceeding 2022 sales by 26%. This has resulted in 843,000 unique tickets sold across economy and business class flights. 

The group launched direct operations in the UK and the Philippines while it strengthened its positions.

It also implemented several new initiatives and innovations, from investing in regular SAF purchases to introducing NDC aggregated air travel services.

According to its latest sales data, the average advance purchase period last year was returning to the pre-pandemic levels when people would plan their travel longer ahead. Meanwhile, the length of stay abroad has only increased by 4% in 2023 compared to 2022, with 29 days being the average period of time customers spend travelling.

United Airlines, Turkish Airlines, American Airlines, Philippines Airlines and Qatar Airways were the most commonly used air travel companies Trevolution Group's customers gave preference to throughout 2023. However, Air China showed the most significant increase in global ticket sales, which points to the country's tourism sector recovery.

The share of one-way tickets amounted to 28% of all tickets sold, which grew by 25%.

Its data also revealed that when it comes to purchasing auxiliary products and extra in-flight services such as Travel Care, Baggage Protection, Seat Assignment, Rental cars, Price Drop Guarantee, Fare Lock or Vacation Planner, this segment has increased by 22% in 2023 compared to 2022.

This indicates growing demand for flight upgrades and additional travel products to be available all at once when placing a booking.

“2023 for us was a year marked by growth and accomplishments - while still continuously increasing our business volumes, we have launched a new travel vertical, Dreamport, and have introduced NDC aggregated air travel services," said Alex Weinstein, founder of Dyninno Group.

"Looking ahead, the promise of the upcoming year is equally compelling. One of the upcoming initiatives includes a travel app, which will consolidate all our travel products and services into one comprehensive ecosystem. 

"We are also dedicated to extending the selection of travel products and will soon introduce a new innovative corporate travel vertical, Triplicity, to our portfolio."