Loveholidays has posted record profits as sunseekers escape abroad.
The online travel agent, which is majority owned by buyout group Livingbridge, saw pre-tax profits rise by a fifth to £67.6 million on sales 27 per cent up at £284 million in the year to October last year.
Founded in 2012, Loveholidays puts together a choice of 39,000 hotels and flights from big airlines and airports in the UK, Ireland and Germany to offer travellers a multitude of package holiday combinations.
Strong growth continued into the first quarter with bookings up a third on the year before, accounts show.
Strong growth: Loveholidays has posted record profits as sunseekers escape abroad
The Canary Islands, mainland Spain and the Greek Islands remain top picks for the British but Romania, Albania, Thailand and Tunisia are seeing the fastest growth.
Boss Donat Retif said Loveholidays’ UK passenger numbers would hit five million this year – up from 1million in 2019.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
