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Travel agency Tez Tour triples its profit in 2013

BC, Riga, 20.08.2014.Print version
Travel agency Tez Tour turned over EUR 21,583,681 and earned EUR 446,663, reports LETA/Nozare.lv, according to information provided by Firmas.lv.

In 2013, the company's turnover increased by 1%, while the company's profit tripled, as compared to 2012. In 2012, Tez Tour turned over EUR 21,339,468 and earned EUR 142,928.

 

The company's management report indicates that in 2013, the company introduced three new destinations for its clients – Italy, Bulgaria and ski holiday resorts in Innsbruck, Austria.

 

In 2013, the company offered trips to 12 destinations – Austria, Andorra, the United Arab Emirates, Bulgaria, the Dominican Republic, Egypt, Greece, the Canary Islands (Tenerife), Italy, Spain (Barcelona), Thailand and Turkey.

 

Tez Tour performed charter flights in collaboration with airBaltic, SmartLynx, and other airlines.

 

The demand for ski holiday offers grew last year. The company's ski holiday program made up 30% of the full winter season's offer.

 

In order to maintain stability, the company revised its price policy in 2013, as well as implemented various measures to reduce the costs. Thus, the company was able to increase its turnover and profit.

 

Tez Tour fully belongs to Luxembourg-registered Azimuth Investments.

 

Tez Tour was founded in 2002. Its share capital is EUR 2,845.






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