The Global Travel Group
THE Global Travel Group is number 29 in the recently published 2005 Sunday Times PricewaterhouseCoopers Profit Track 100 league table.
The table charts Britain's private firms with the fastest profit growth over their last three years and is produced by Fast Track, the Oxford-based research company.
Commenting on Global's success, the report notes that the company's members now account for £500 million worth of holidays per annum and that a threefold increase in its membership network has contributed to a 75 per cent profit growth each year from 2000 to 2003.
Global Travel is one of three franchisors on this year's list, proving that networks of independent business owners can make a significant impact on the UK's business community.
Tony Scott, Global's Head of Membership, is delighted with the result: 'Being listed in the Profit Track 100 is recognition of the hard work of every one of our 500+ members. We've always said that owning a Global Travel franchise allows our members to compete with the larger multiple holiday groups and this listing proves that.'
PricewaterhouseCoopers Head of UK Regions Frank Blin says: 'This year's league table demonstrates that it is those companies with a sound understanding of how their competitive strategies can improve sales and margins that are able to achieve sustained profitability and success.'