01-12-2011

Travel firm revenues up with demand

Travel firm revenues up with demand

A Basingstoke-based firm providing travel services to businesses says its revenues have risen by 6% due to risk and security advice demand after unrest in North Africa and natural disasters in Asia.
 
Hogg Robinson, a specialist in corporate travel, saw revenues rise to £187 million in the six months to September 30. In addition, it reported a 22% rise in pre-tax profits to £18.7 million thanks to a greater client spend of 9%.
      
Business travel clients sought extra advice from the firm following turmoil in Tunisia and Libya, as well as the Japanese tsunami and flooding in Thailand.
 
Hogg Robinson's strong performance contrasted with declining business confidence in the UK, Europe and US. In this grim period for the economy generally, it signed up insurance firms AIG and Allianz among other new clients.
 
The momentum achieved in the last financial year continued in spite of the uncertain wider conditions, confirmed Hogg chief executive David Radcliffe.
 




Copyright Press Association 2011

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