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The business has been unified into one
operation that
harnesses the
capabilities of our online and offline
travel retail
operations and our
specialist tour operators
History
Following the listing of VFB Group plc in 2005 on the OFEX (now
PLUS market), and subsequent name change to Travelzest, the Company
later that year floated on AIM exchange. Over the following four
years the Board added ten acquisitions to the Group.
With little integration or common strategy between the Group of
companies in Travelzest, in 2009 the Board appointed a new
executive management team from its largest operation in Canada to
restructure and develop a new vision and strategic direction for
the Company. Jonathan Carroll was appointed Group Chief Executive
(previously President of itravel2000), and Jack Fraser as Group
Chief Operating Officer and Financial Director (previously
Chief Financial Officer and Head of Corporate Development of
itravel2000).
Structure
The business now operates in two continents and has 10 offices
between the United Kingdom and Canada. The client base that
Travelzest services is primarily located in UK, Canada, and USA
which provides access to over 390 million potential travellers.
Travelzest’s retail operations service various consumer
demographics and affluence levels. In the UK, our brands are now
being developed further to build consumer awareness in the market
in order to promote our tour operating products more cohesively and
prominently to the consumer.
The Group has also successfully integrated various tour
operating products into our Canadian distribution and we have
experienced early signs of demand for these products. Existing and
new tour operations are being reviewed on an
opportunity-by-opportunity basis as our consumers’ interests
adjust, expand and diversify.
We continue to create more efficient and productive operations
by developing our shared services throughout the Group. Marketing,
advertising, sales operations, back office functions, accounting,
and technology operations are all now being unified to allow for
the implementation of new ways of doing business. This will provide
for a stronger, more easily managed, and lower cost-structure.
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