Flight Centre’s corporate business on course for record year
Transactions back up to 90% of pre-Covid levels and its TMC brands outpacing the broader industry recovery
The Australian-based travel giant, which owns business travel brands such as FCM and Corporate Traveller, said that its global corporate business had already seen total transaction value exceed pre-pandemic levels to reach a new company record of AU$5 billion during the six months to the end of 2022.
Key takeaways
- Revenue from its corporate brands was up to 88% of 2019 levels with the expectation it would exceed AU$10 billion during its current financial year ending in June 2023, which would be another record figure;
- Corporate activity accelerated from mid-January onwards, with record levels of bookings at FCM in the US and a solid rebound from China after the country reopened its borders at the start of the year.
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