Tourico Holidays is significantly expanding its
global presence, forming subsidiary companies in 20 countries and
renaming its Hong Kong operation to match the branding of its
other international offices.
The global expansion coincides with a period of
strong growth for Tourico Holidays. The company reports that as of
July 2010, it has experienced the following year-over-year gains
compared to July 2009:
- A 30% increase in gross profits;
- A 30%
increase in gross revenue;
- A 29% increase in bookings; and
- A 25% increase in room nights booked.
has also hired 109 people around the world since October 2009.
"With headquarters in Orlando and employees in 33 locations
worldwide, we have always considered ourselves a global company
and have served clients and partnered with hotels around the world
for years," said Uri Argov, President and CEO of Travel Holdings,
Inc. "These new companies will allow us to grow rapidly enough to
meet the demand from our customers and provide them an even higher
level of service. It will also help us broaden our relationships
with travel providers and hoteliers in many corners of the globe."
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