Barrhead plans more stores as profits grow
Guest Writers are not employed, compensated or governed by TD, opinions and statements are from the specific writer directly
Barrhead Travel has increased its turnover by 20.8% year-on-year alongside a 20.4% boost in profits.
The Scotland-based travel agency recorded turnover of GBP155.67 million and gross profi0t of GBP182.23m and has no debts.
The company has attributed its success to its early adoption of online channels which has seen the 13 websites launch as well as Apple and Android apps.
Its retail network and specialist areas have also been boosted with 15 extra shops and the acquisition of The Cruise Specialists, with more stores to be opened throughout the next year.
Barrhead has also extended services available to the wider industry including a technology system it is licencing to others and its new Brilliant Travel brand.
“We have enjoyed significant growth in the last year by considering the different routes to market available to us and by looking to Scottish, UK and indeed global markets for expansion opportunities in domestic and corporate travel through traditional and online means,” explained Barrhead’s chief executive Sharon Munro.
“As well as investing in technology, we have expanded our retail network, and especially our homeworking and franchise model, where we have been able to recruit a pool of experienced travel professionals who have found themselves out of work as a result of contraction and closures elsewhere in the sector,” she added.
She added the company is now set to spend GBP300,000 in new high street stores in Scotland and the north of England. Barrhead is on track for sales of GBP200m in 2013.
“Spend on travel is forecast to increase rapidly as the country comes out of recession and Barrhead Travel intends to capitalise on this,” Munro added.
Comments are closed.