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Opodo looks for double digit growth in 2009
European online travel agency Opodo has reported sales of €1.3 billion in 2008, a 26% rise over 2007.
Its EBITDA in 2008 was €14.4 million, with over €5 million of it coming from its UK operations.
UK country director Caroline Noble said this would give the company “a solid position to face the uncertain outlook that 2009 holds for everyoneâ€.
Opodo said it plans to continue double digit growth in 2009.
“In uncertain economic times consumers are ever more careful with their money and this is where Opodo can make a real difference, providing a full travel service with the advantage of competitive pricing,†said chief executive Ignacio Martos.
“We are particularly satisfied with figures as they are the result of a consistent performance and the ability of Opodo’s teams across 13 European markets to drive the company through current times.
“Last year we finalised our restructuring plan strengthening our efficiency, improving our cost line and reducing the prices of our services to clients while improving user experience.â€
During 2008 Opodo focused on increasing sales through improving loyalty ratios and attracting new clients.
By Bev Fearis
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.
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