- Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, amounted to $120.62 million, accounting for 19.8% of the group’s total gross profit;
- The number of unique tickets issued reached 90,181, increasing by 9.6% vs. H1 2023;
- Economy class constituted 98.5% of all flight bookings and went up in demand by 9.6%;
- The share of round-trip tickets increased by 2.5% and amounted to 79.7% of all tickets sold.
The Philippines is the top performing market for global travel leader Trevolution Group.
The company also announced a stable 10% growth in flight sales across the Philippines during the first half of 2024, repeatedly highlighting this robust market as one of the leading travel destinations for international airline passengers.
A total of over 90,000 airline tickets have been sold across traditional leisure tourism, as well as the emerging visiting-friends-and-relatives (VFR) segment, resulting in more than $120 million in gross bookings, or almost 20% of the company’s overall gross profit during the six months period of the current year.
Trevolution Group operates ASAP Tickets, Skylux Travel, Oojo, Triplicity, Dreamport, and other major travel brands.
Philippines as top travel choice
Historically, the Philippines has been a top travel choice for the group’s air passengers, and currently, the demand for transpacific flights departing from the country is also growing significantly and surpassing the levels seen before the pandemic.
Thus, in the first six months of 2024, Trevolution Group has reported a 48.3% increase in outbound tourism compared to the same travel period last year, which indicates the market’s rapid recovery and progressive economic growth.
Today, more Filipino travelers choose foreign destinations that are closer to home or prefer to travel domestically showing almost a threefold increase in flights taken across the country compared to the first half of 2023. Family-friendly destinations and extended weekend trips are stealing the spotlight while simultaneously boosting the local tourism sector.
Philippine tourism in a nutshell
According to the Philippines Department of Tourism (DOT), the country received over 3.32 million international visitor arrivals from January to July of this year with over 15% increase from the same travel period in 2023.
As a result of constantly improving travel infrastructure and connectivity, as well as the active promotional campaign efforts, DOT sees a positive trajectory for the country’s international tourist arrivals, and the Philippines travel sector is set to break new records by the end of the year.
According to ticket sales from the Philippines, air passengers tend to do more last-minute decisions and, therefore, only less than one-third of all travelers buy their tickets over three months in advance compared to almost the same 26% share in the first half of last year, while almost 15% choose to do it up to 10 days in advance showing a slight 3% increase in last-minute bookings from H1 of 2023.
Manila, Cebu expansion plans
“Our objectives for the Philippines this year are very ambitious – we are now focusing on a local expansion and active hiring, expecting to gain over a thousand people in Cebu and over 500 in Manila,” Alex Weinstein, founder of Dyninno Group of Companies, disclosed.
“To provide more value for the market, we are now working on offering our travel products to the local clientele, including introduction of the financial options to help finance air travel. Additionally, our team is excited to launch a new product, the all-in-one travel super-app Dreampass, designed to further enhance customer engagement,” the executive added.
Trevolution Group, which operates International Travel Network, ASAP Tickets, Skylux Travel, Dreamport, Oojo, and other travel brands, has established itself as the market leader in the travel business, specializing in the visiting friends and relatives’ segment.
Over 840,000 unique airline tickets and vacation packages were sold by the companies under the Trevolution Group brand in 2023, making it the fourth-largest airline ticket consolidator in the US.
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