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Travel Counsellors puts profit rise down to investment in technology

Technology
Jennifer Morris
1 September 2016

The boss of Travel Counsellors has put a £2.7 million rise in profits down to the company’s investment in technology.

Mistaken belief

In its financial results for the year ended October 31 2015, the firm has posted an operating profit of £10.7 million, up from £8 million in 2014.

Travel Counsellors has also seen a 22% rise in turnover year on year - £166 million up from £136 million the previous year.

The business has seen a 13% increase globally in sales made through its in-house quote and booking system, Phenix, which enables Travel Counsellors to create “unique itineraries tailored to customer preferences and interests, at competitive prices”.