Trevolution Group, the global market leader operating ASAP Tickets, Skylux Travel, Dreamport, Ojoo and other travel brands, has announced commercial results for 2023 with record airfare sales.
Its total gross bookings reached a new milestone of over 1,174 billion dollars, exceeding 2022 volumes by 26 per cent. In addition to launching in the UK and the Philippines, last year the Group introduced new initiatives, including SAF investments and NDC aggregated air travel services.
For two decades, Trevolution Group has developed extensive expertise in the Visiting Friends and
Relatives (VFR) travel segment. The US, India, the Philippines, Nigeria, and Italy were the most frequently visited countries by the Group’s customers in 2023.
Nigeria has seen significant growth in airfare sales, demonstrating the country’s rising importance as a travel destination. This surge aligns with Nigeria’s strategic focus on tourism development, exemplified by initiatives like the ‘Tour Nigeria’ campaign spearheaded by the Nigerian Tourism Development
Corporation (NTDC); these efforts reflect Nigeria’s commitment to harnessing its tourism potential as a key driver of economic growth.
Most passengers chose to book Economy class, with one in ten travelers choosing Business class. Round-
trip flights outsold one-way trips by 2.5 times. It indicated an 11 per cent increase in sales, while the share of one-way tickets went up by 25 per cent and amounted to 28 per cent of all tickets sold. United Airlines, Turkish Airlines and American Airlines were the leading air carriers the Group’s customers gave preference to throughout
2023.
The average advance purchase period last year was returning to the pre-pandemic levels with 17 per cent of airline passengers booking their flights up to 10 days in advance and 9 per cent purchasing tickets up to a month ahead. In 2022, only a quarter of travelers booked flights over three months in advance, but this number increased to nearly 30 per cent last year. The length of stay abroad has increased by 4 per cent in 2023, with 29 days being the average period spent traveling.
“2023 was a year marked by growth and accomplishments, and looking ahead, the promise of 2024 is equally compelling – we are about to launch a new travel app to streamline our offerings,” Alex Weinstein, Founder of Dyninno Group of Companies commented.
