Passengers make take off low cost airlines according Travelgenio
Based on Mariano Pelizzari, CEO and co-founder of Travelgenio, “it is curious the way the final positioning of inexpensive airlines in other words and medium hault has consolidated and even strengthened against big companies. We have seen it clear if we look Travelgenio's reservations”.
Together with the fall of Spanair and Maley in 2012, Air France - KLM or Aerolíneas Argentinas with negative numbers or even Iberia having its ERE, it sounds as if big companies will not be at their full capacity.
The fact remains that within these years it is all totally guided to mergers along with the development of strong partnerships while in the framework of your global ones like One World, Star Alliance or Skyteam (American Airlines with US Airways, Iberia with British Airways, Air France with KLM, Lufthansa with Austrian Airlines or LAN with TAM are clear examples). Like this they are able to decrease their costs and improve the capability for offering more cheap destinations beneath the same brand.
However, against these traditional companies, the low cost airlines have settled their market. A case in point that, during this past year, instead of matching the important airlines within their losses, European cheap airlines have raised of a 7%.
Such like is happening with internet travel agencies. From the Travelgenio annual results it is clearly shown the tendency of consolidation and growth. Against income manufactured in 2012 of 90MM, this season the online travel agency expects to quickly attain gross billing results of 150MM.
Its growth is demonstrated while in the annual results with data like the staff one. Just in jobs, Travelgenio is growing regarding a 111,11%, giving clear warning signs of the expansion from the bussines model is being completed.
Noteworthy was the volume of reserves, that are fitted with doubled in barely one year, as reflected by way of the company results published.
Finally, during 2012 Travelgenio have experienced presence in three countries (Spain, UK and France) but currently they have added two more to the portfolio: Germany and Portugal. Its expectation for 2013 would be to arrive and also to Italy as well as the Netherlands.
Travelgenio is usually an online travel agent, founded really in Spain by Mariano Pelizzari.
With presence in main European countries, this company is specialised in flights, hotels and rent cars.
Actually, Travelgenio is at its international expansion process in search of its consolidation in Europe and also in Latin America.
One among its current goals this year is to complete its portfolio´s expansion to respond to the actual needs of the customer and travelers.
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