Travel Professionals International
Host Agency Solutions
Corporate Travel Solutions
International Golf Vacations
Salisbury Cruises Limited

Media : Travel Professionals International

TPI Releases Strong Year-End Financial Results
08/25/2010 - Travel Professionals International

WINNIPEG, CANADA – Travel Professionals International (TPI), Canada’s largest network of independent travel consultants, today releases year-end financial results for Fiscal 2010, ended 31 July 2010, showcasing double-digit year-over-year growth in sales, commissions, and new members for the fifth consecutive year.

The privately-held company experienced a 16% increase in travel sales, with sales continuing a trend toward dynamic packaging and FIT travel.

Commissions and service fees related to travel sales increased 21%, driven by improvement in the blended commission average and higher service fees being charged by agents per booking.

“With commission growth outpacing sales growth, our agents are not only selling more but are putting more money back in their pockets,” said Phil Sproul, TPI President. “This is the true success story – the understanding by our agents and their clients that there is tangible value in the services provided by travel consultants.”

Revenue from new member fees improved 13%, boosted by growth in both TPI’s Associate program for new entrepreneurs to the travel industry and TPI’s Affiliate program for experienced agents.

“TPI’s continued growth is due to a combination of the commitment our existing agents have to growing their businesses, the continued trust that new entrepreneurs and agents put in our proven business model, and the personal service provided by our experienced support team,” explained Sproul.

YTD Fiscal 2011 continues the upward trend with travel sales up 32% year-over-year since 1 August 2010.

__________


For over fifteen years, Travel Professionals International (TPI) has been the premier provider of outsourced travel solutions to independent travel consultants and agencies. Backed by a head office support system with over forty highly skilled travel professionals, a world-class reservation system, and excellent supplier relationships, over 800 TPI Associates are ready and available to provide full-service travel solutions. More information is available at www.tpi.ca. TPI - We'll Take You There

TPI is a member of the I.A.S. - Independent Agency Services Corp. group of companies. www.iascorp.ca

-30-

Contact: Tim Morgan, Corporate Development & Communications Manager, I.A.S. - Independent Agency Services Corp.
Tel: 1-204-987-3336 Fax: 1-204-987-3338 E-Mail: tmorgan@iascorp.ca