Barrhead Travel Reports a Record 2015

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August 2015

 

Barrhead Travel Reports a Record 2015

Barrhead Travel today released its 2015 results which showed that turnover increased by £21 million to £267 million with Cruise Turnover up 20% to £70 million and Foreign Exchange up 31% year on year being particular highlights of an ever strengthening balance sheet.  There were large increases in passenger numbers flying to the USA up 18% and Spain is still proving to be popular with passenger numbers up 10% year on year. 

Commenting on the results CEO Sharon Munro said “I am delighted with our results especially in what was a difficult trading year. The travel industry is a high volume, low margin business as shown by our average profit being only £10 per passenger.  We have exciting plans for the rest of the year with the introduction of Virtual Reality headsets into our stores which will allow our customers to view hotel public areas and bedrooms along with destination experiences before they book.  We are also about to launch a new online customer portal providing customers with a secure online space which allows the Barrhead team to deliver a very personalised and unique service from start to finish.”

 In 2015 Barrhead Travel opened its first flagship store in England. The store situated in Newcastle’s fashionable Eldon Square will be followed by 2 more stores this year and there are plans to open 5 each year for the next few years. 

Business growth has been attributed to investment in technology, recent shop openings now maturing, longhaul and cruise sales increasing alongside improvements to websites. 

Barrhead Travel also reports that it continues to perform well in the current year, with increased passenger numbers and achieving a remarkably high level of repeat business at 47% as the company have found that in times of turbulence people look to established brands which offer strong financial security. 

The company now employs over 900 staff with over 800 based in Scotland and will be launching its own high tech training academy during September 2016 to be located at state of the art premises in Glasgow city centre which aims to bring 100 new staff into the business each year, the majority of whom will be Modern Apprentices. 

For further information please contact Sharon Munro, Chief Executive, Barrhead Travel Group on 0141 304 5885.