Youtravel.com more than doubles UK turnover in second year

Independent accommodation specialist youtravel.com more than doubled its UK sales turnover in its second year, and is on track to make a significant profit in its third year.

In its second year, to October 2008, the company saw UK turnover soar from £32 million to £70 million and a substantial improvement in EBITDA following losses in its first year of operation when incurring start-up costs. Passenger numbers also doubled to 500,000 in year two.

Group managing director Graham Nichols said: “Youtravel.com reached break-even in only its second year of operation excluding some small one-off costs. This is an impressive feat for a start-up in this industry and particularly in the economic environment of the last 12 months.

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