Last week Travel Counsellors held its annual conference in Manchester. Jennifer Morris caught up with chief executive Steve Byrne ahead of the event to talk supplier relationships, the growth in corporate travel and empowerment for employees.
It might have been a year of political and economic turbulence – Brexit, the plummeting pound and government instability to name just a few of 2017’s challenges – but Travel Counsellors’ chief executive is smiling.
This is in part because it’s the day before the company’s annual conference, where more than 1,700 members will gather to hear inspirational stories as well as an update on the business.
But it’s also because said business update has some rather impressive figures – a £70 million growth in sales to £540 million (in total transaction value) and an annual growth of 15% for the last 15 years, to be exact.
And Steve Byrne has no plans to rest on his laurels.
“We expect that rate of growth to continue, if not accelerate, over the next three to five years,” he says frankly.
“The broad expectation is that we’ll double the size of the company in the same time frame.”
This growth will occur in a number of ways, with the business having increased its spend on “support”, much of which is directed at infrastructure “to enable everyone in the business to grow at an even faster rate than before”.
And while both leisure and corporate travel will be a focus, Byrne reveals the business is on the hunt for someone to head up the latter and take it to the next level.
“We have a clear corporate strategy focused on small to medium-sized customers – those that want independently tailor-made travel but also want some managed service travel with account management to back it up,” he says.
“We see that as a big opportunity and are now looking to bring in a dedicated person to lead that in the UK and globally.”
Across the board, Travel Counsellors’ strategy includes further investment in the content provided to its 1,700 Travel Counsellors, in terms of directly contracted hotels, airlines and DMC partners bookable via the in-house platform, Phenix.
“We are focused on recruitment, referrals and rebookings and Phenix (RRP) in both leisure and corporate travel in the existing countries we are in, and then we will look to achieve new markets in the next couple of years,” says Byrne. “But the priority is to consolidate in the countries that we’re already in.”
That’s not to say the business is looking to cut down on the number of tour operators it works with though.
“What tends to happen is that quality shines through,” Byrne insists. “Those suppliers that provide a customised, personalised travel experience for the Travel Counsellor and the customer will benefit from business, and those that don’t, won’t.
“We want to empower the Travel Counsellor to make the decisions about which supplier is right for their customer. And that empowerment is fundamental to our model.”
Travel Counsellors are supplied with a “customer driven” list of suppliers “that meets the needs of the customer”, Byrne explains.
And while Travel Counsellors will continue to invest in some traditional marketing, Byrne insists: “We should celebrate the fact the business is relationship and referral based.”
“We are not locked in to the cycle that other travel companies are in: spending a fortune on Google to generate leads.
“What we are investing in is giving Travel Counsellors the tools to do that [retention and referral] even better.”
Part of this investment includes a special focus on data and, naturally, technology.
Byrne adds: “A big part of what we do is helping to grow the individual businesses of the Travel Counsellors – investing in business development, sales training and personalised marketing.”
In the UK the average income of a Travel Counsellor who has been with the company for more than three years increased by 6% in the past 12 months.
“The business model of the trusted advisor is more relevant than ever,” continues Byrne. “We’ve got a clear strategy for taking the company to a completely different level, and I’m looking forward to executing it in a spirit of support.”