Corporate contracts drive Happy Tour sales up 19%

Javier Garcia del Valle, CEO of the biggest travel agency on the Romanian market, Happy Tour, which is controlled by Spanish investment fund GED, says the company recorded a 19% turnover increase in the first ten months of this year against the similar period of last year, without specifying the absolute value.
"The growth was largely driven by the corporate segment (services sold to corporate clients), but the leisure segment contributed, as well," said Javier Garcia del Valle.
With 25 years' experience on the travel agencies market, Garcia del Valle was brought to Romania by investment fund GED at the beginning of March last year. Happy Tour ended 2009 with an around 29 million-euro turnover and a 296,000-euro profit, according to Trade Registry data.
Spanish investment fund GED this year bought 80% in Travel House travel agency, with 6 million-euro sales and a 110,000-euro net profit last year. Travel House International, with 26 employees in 2008, specialises in selling luxury packages for domestic and international destinations, which used to be held by Corina Souvannasouck (30%), Stefano Bardi (25%) and Luca Zucchetti (45%).