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Advantage returns to profit following ‘strong’ 2021/2022

High street
Will Payne
3 May 2023

The Advantage Travel Partnership has returned to profit following a successful 2021/2022 trading period.

Steven Esom, chair of Advantage

According to the group’s end-of-year financial results for 2021/2022, the partnership’s transactional turnover saw an increase to £88,007,276 from £12,679,725 in 2021, thanks to a boost in trading part way through the year.
 
The group’s statutory turnover increased to £21,477,459 and total global sales turnover across the membership grew to £12.5 billion, of this £4.5bn represented sales turnover from UK members.
 
The association reported a net profit before tax for the year of £619,815, having reported a loss before tax of £327,229 in 2021.