Bedbank Youtravel.com has reported substantial growth in traditional package holiday resorts.
Sales and marketing director Paul Riches said in its second year of trading, the bedbank has seen sales in the Costa del Sol grow by 354%, Lanzarote by 332% and Fuerteventura by 229%.
He added: “The growth in package holiday destinations is indicative that there really has been a shift in the way that holidays are bought and sold in the UK. Dynamic packaging is not a blip, it’s real trend and is here to stay.
“The first three months of 2008 have been phenomenal for us, we’re consistently trading at 200% up year-on-year.”
Under current conditions, Riches said the operator was on course to achieve its second year targeted revenue of €130 million after generating €70 million of revenue in its first year.
He added the bedbank now has around 3,500 properties on its books with around a quarter of them contracted on an exclusive basis.
Riches said: “We’re constantly asked for more exclusive products and availability. It’s what allows us to stand apart from our competitors, and maintain a competitive edge.”
He added plans for the future included developing new markets, securing global distribution deals and focusing on maintaining our current sales and margin levels.