OTC gets a positive result

Friday, 24 Jan, 2003 0

OTC recorded its first positive EBITDA in 2002.

The online agency has reported EBDITA (Earnings Before Interest, Depreciation, Tax and Amortisation) of £2 million in the year to 31 October 2002. The EBDITA was boosted by a 48 percent increase in sales to £85.5 million.

OTC also grew significantly through acquisition during 2002, with the purchase of Travelstore.com in June and All-Hotels in September.

Read our previous stories:
14-Jan-2003 Interview: Online Travel Corporation chief executive, Mark Jones
23-Dec-2002 OTC to supply Priceline
04-Dec-2002 OTC makes move to business travel
20-Nov-2002 OTC will expand through licensing
25-Sept-2002 OTC adds 60,000 hotels through acquisition
20-Aug-2002 OTC set for Asia Pacific expansion after Australian acquisition
08-Jul-2002 OTC reduces first half losses
05-Jul-2002 OTC takeover talks off – for now
04-Jul-2002 Lastminute to buy OTC?
11-Jun-2002 The TravelMole Interview: Mark Jones, Online Travel Corporation
10-Jun-2002 OTC snaps up Travelstore.com for £2.1million
15-May-2002 OTC offers tailor-made holidays online



 



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...