United Kingdom
United States
Asia Pacific
HRG chief puts growth down to flexible model
A flexible business model has helped HRG achieve a “strong set of results in a volatile market”, its chief executive said this week.
Chief executive David Radcliffe said adaptable technology and a partially‘virtual’ workforce have helped it to weather the economic storm.
In the six months to September, the group reported a 22% rise in underlying pre-tax profits to £18.7 million and revenue up 10% to £186.8 million.
During the period the travel management company admitted it lost some accounts but won more, including AIG, Allianz, CGI, CSL, MMG and Posten Norge
“By anybody’s measurements we have achieved a good strong set of results,” said Radcliffe.
“We know it’s a volatile market but we have enough believe in our model that we know we will achieve full-year growth and we have guaranteed that we will pay at least a 20% increase on the dividend.”
by Bev Fearis
Related News Stories:
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled