Corporate travel specialist the ATPI Group has reported that a “significant increase in revenue” in 2021 means it is closer to achieving pre-pandemic revenue levels.
For the period of January-December 2021, ATPI reported an operating profit of £17.5 million across its wholly-owned and joint-venture businesses, up 60% year-on-year.
It also bought German travel agency Hamburg Sud Reiseagentur GmbH in March 2021, which was rebranded as ATPI Hamburg; added network partners across Europe, Asia, Africa, the Middle East and South America; and launched a CO2 measurement and offset service called ATPI Halo.
Ian Sinderson, ATPI Group chief executive, said: “Despite curtailed global travel during much of 2021 and restrictions that impacted how we all do business, we’ve achieved stellar performance and continued growth.
“We have continued to maintain our pace of new investments and innovations, and stayed focused on the things that matter – delivering expert service to our clients around the world.
“While making huge strides towards reaching our 2019 levels of revenue, we have also maintained and grown profitability each month of the year.”
ATPI Halo was launched in September 2021 to support clients to become more sustainable and minimise their environmental impact.
Investments have continued in 2022 with the acquisition of Australia-based travel management company The Travel Authority and investment in TripStax Technologies Limited, a new business travel tech provider.
More: ATPI to move head office to Manchester as part of UK growth plans