Advantage Travel Partnership profits double to reach highest level since 2018

Esom highlighted how the consortium was continuing to grow its ranks, its membership growing by 25% over the past 12 months to now span 83 countries – including Hong Kong, India and the US. Its own employee headcount, meanwhile, has increased to nearly 100.

Lo Bue-Said warned that despite inflation seemingly now under control, consumer spending would likely remain under pressure due to the uncertainties caused by the ongoing conflicts in Ukraine and Gaza.

However, she added: "Many indicators show holidays and travel remain of vital importance to people and business, so we can look forward with a degree of cautious optimism."

She continued: "As our business advances, our strong financial performance provides the catalyst for embarking on strategic options to further future proof the organisation."

Paying tribute to the Advantage team, Lo Bue-Said said they had "once again delivered over and above this year". "Our people play an integral role in our success. It’s their energy, dedication and range of skills and experience that differentiates us in the highly competitive market in which we operate."

Lo Bue-Said added the consortium had now established an environmental, social and governance (ESG) member steering group which, together with its other membership steering groups, would ensure the group remains "laser focused" on what is important to members.