InteleTravel is setting its sights high as it plans strategic acquisitions to propel itself into the top 20 Atol holders by the end of the next year.
- The company has recently acquired a majority stake in Major Travel and is close to securing a UK-based technology provider.
- James Ferrara, President of InteleTravel, asserts that these acquisitions are part of a deliberate strategy to expand offerings for travel agents.
- InteleTravel projects a 70% increase in sales for 2024, building on its 2023 performance.
- The firm is focused on geographic expansion, enhanced purchasing power, and providing more specialised training for its travel advisors.
InteleTravel has announced an ambitious plan to secure a position among the top 20 Atol holders by the end of next year. To achieve this, the company has embarked on strategic acquisitions, including recently acquiring a majority stake in Major Travel. Moreover, as part of its expansion strategy, InteleTravel is on the brink of acquiring a UK-based technology provider, with additional acquisitions under consideration.
President James Ferrara has emphasised that these moves are not merely opportunistic but are a part of a calculated strategy designed to expand the range of products available to travel agents. Ferrara has clarified that the intention is to enhance the capabilities of InteleTravel’s advisors by providing them with a broader portfolio to sell. “It’s more things for them to sell – that’s really what’s driving everything,” he stated, underscoring the benefit to their network of advisors.
Aiming for a 70% increase in sales for 2024 compared to 2023, InteleTravel’s growth plans are firmly tied to expanding its geographic presence and boosting its purchasing power. The initiative also includes gaining more technology solutions and offering specialised training, which are seen as critical components for tapping into new markets. The company’s strategy involves amplifying its market offerings, thereby empowering its agents with a competitive edge in the travel industry.
The Atol holder list dominated by Jet2holidays, which holds a licence for over 7 million passengers, is an authoritative benchmark that InteleTravel is aspiring to join. Major Travel, which ranks 121st with authorization for just over 10,000 passengers, exemplifies the leap InteleTravel is aiming to make. Having entered the Atol arena in 2021 with an initial licence covering 5,310 passengers, InteleTravel still has significant ground to cover to achieve its ambitious target.
InteleTravel is on a mission to expand its market influence, leveraging acquisitions and strategic growth to reach its Atol objectives.
