Intrepid staff share bonus as profits rise
Gary NoakesIntrepid Group staff will share a £2.3 million bonus pot following a profits increase at the operator.
The payout follows the Australia-based group’s 2019 results, which saw an £11.7 million profit before tax last year – up 56% – on revenue of £253 million.
The figures mark Intrepid’s fourth consecutive year of revenue and operating profit growth. In the previous financial year, Intrepid made £7.8 million on revenue of £206 million.
Intrepid group chief executive James Thornton said the company’s growth was driven by increasing global demand for sustainable and locally immersive travel experiences.
“It’s fantastic to achieve strong double-digit growth again in 2019,” said Thornton. “But this year’s results are also hugely significant to our team, because just four years ago this kind of growth seemed like an impossible dream.”
Last year marked the completion of a four-year strategy developed by Intrepid after the company split from Tui to become an independently owned business with a “purpose beyond profit”. The Intrepid Foundation raised £777,000 for local and international charities last year and the brand plans to become carbon-positive this year.
Intrepid now claims to be the world’s largest provider of adventure travel experiences, with more than 2,700 trips in 120 countries through three brands: Intrepid Travel, Peregrine Adventures and Urban Adventures.
Growth last year came from a 23% increase in tailor-made travel and from Peak DMC, the destination management company which saw sales from DMC partners up 67%.
Peak has opened a new DMC in Bogota to develop sustainable itineraries in Colombia. It is headed by Hernan Acevedo, a former chair of Colombia’s responsible tourism association Acotur.
“Tourism represents a huge opportunity to change Colombia’s reputation by showcasing all the wonders of our country to visitors from all over the world. Colombians see tourism is a major avenue of growth, peace and prosperity,” he said.
Colombia is the most recent addition to Intrepid’s DMC portfolio. Last year, Peak also opened DMCs in Santiago and Rio de Janeiro.
Intrepid Travel
Intrepid Travel is a global adventure travel company that has been taking travellers off the beaten track to discover the world's most amazing places for 29 years.
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Gary Noakes
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