Trevolution Group Reports Strong Financial Performance for 2024, Surpassing $1.2 Billion in Gross Bookings
WILMINGTON, DE, UNITED STATES, March 8, 2025 / EINPresswire.com / -- Trevolution, a division of travel companies under the Dyninno Group, has announced its commercial results for 2024, marking another year of steady growth. The company's reported gross bookings reached $1,238.64 billion, resulting in a 5% increase compared to the previous year. The group sold nearly one million airline tickets, with a total of 980,092. Alongside strengthening its market presence, in 2024 Trevolution Group launched several new initiatives and innovations, which include the introduction of Dreampass, a new travel app available on both the App Store and Google Play, and the launch of Dreampass Plus, a subscription membership feature within the app. The group also launched Vagamo, a new travel platform that combines flexible online booking with expert support, and introduced cryptocurrency payment options for flight bookings at Skylux Travel.
Trevolution Group has been a global leader in the travel industry for more than two decades, leveraging its expertise in the Visiting Friends and Relatives (VFR) segment, which continues to see strong growth to this day. In 2024, the company placed a strategic focus on its Online Travel Agency, Oojo, successfully launching it in Germany and achieving an impressive Net Promoter Score (NPS) of 60—well above the industry average of 35.
Key 2024 Highlights:
• Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, reached $1,238.64 billion, reflecting a 5% increase compared to the previous year;
• The total number of unique tickets issued totaled 980,092, marking a 16% increase compared to 2023;
• With a 34% growth, one-way tickets represented 29% of the total tickets sold;
• The number of auxiliary products and services increased by 21% in the number of purchases compared to 2023;
• Dreampass, an all-in-one travel app, was launched, along with Dreampass Plus - a subscription loyalty program within the Dreampass app;
• Vagamo, a new travel platform offering flexible online booking with expert support, was introduced to the market.
The most popular travel destinations of the year for the Group's travelers were the United States, the Philippines, India, Italy and Canada, with Canada being the only newcomer to the top 5 rankings.
Demand for travel to Canada surged by 189%, while trips to Italy increased by 90%, with demand for Italy showing a consistent upward trend, maintaining the same growth rate as the previous year. Other destinations also experienced significant growth, with Argentina leading the way at a 146% increase, followed by Saudi Arabia (117%), Egypt (85%), Thailand (77%), and Pakistan (58%).
A similar trend was observed among top departure countries, with the United States, the Philippines, India, Canada, Italy, Nigeria and Turkey ranking among the most common starting points for global travelers.
In 2024, the Economy class remained the top choice among travelers, with total sales reaching 869,183 tickets, resulting in $828,52 million (66% of the overall gross booking). Business class also saw an increase, reaching 88,961 tickets and $357,67 million (34% of the overall gross booking), respectively.
Round-trip travel continued to dominate charts, accounting for 626,648 tickets—more than twice the number of one-way tickets, which totaled 285,328. While round-trip sales grew by 10%, one-way sales surged by 34%, highlighting a growing trend toward flexibility and last-minute travel decisions among most of the Group's passengers. The average fare for Economy class air travel decreased by 13%, while Business-class air travel stayed at nearly the same level, declining by 1%. In addition, the average ticket price declined by 16% for one-way tickets and by 8% for round-trip tickets.
In 2024, the top preferred airlines among Trevolution Group's customers were Turkish Airlines, United Airlines, Lufthansa, American Airlines, British Airways, and Philippine Airlines. Notably, Qatar Airways saw a remarkable surge in demand, with ticket sales soaring by 48%.
According to the latest sales data, there has been a shift towards longer advance purchase periods. The highest demand occurred for bookings made more than three months in advance, with over 30% of travelers opting for this window. At the same time, 17% of customers booked their flights within 10 days of departure. This trend highlights a growing divide in travel behavior, with passengers increasingly booking well in advance or opting for last-minute travel due to urgent needs.
Meanwhile, the average length of stay for customers shortened by two days in Economy class, and by one day in Business class, compared to the previous year, resulting in an average stay of 27 days for Economy and 23 days for Business; a shorter stay indicates increased travel efficiency and potential work and travel integration.
When it comes to purchasing auxiliary products and additional in-flight services, Trevolution Group experienced a 247% surge in demand for its lost baggage protection, making it one of the fastest-growing auxiliary products offered.
'In 2024, we embarked on a year of structural transformations, advancing the travel experience, building a comprehensive ecosystem, and securing greater benefits through industry partnerships. We launched Dreampass, a super-app, and Dreampass Plus, a premium subscription with perks like international data roaming and exclusive travel benefits. The all-in-one app resonated strongly with travelers, resulting in over 13,000 membership sales and generating $1.6 mln in revenue from the Dreampass Plus membership product within less than six months. We also initiated market expansion with our OTA, Oojo, which quickly gained traction and proved to be a major success story. Furthermore, we developed Vagamo, a next-generation hybrid travel platform that empowers travelers to book flights their way—whether by searching online for the best deals, receiving live support from expert travel agents, or accessing exclusive offline prices. These developments mark a significant step forward for Trevolution,' said Alex Weinstein, founder of the Dyninno Group of companies.
Daiga Zimele
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 days ago
- Yahoo
Eventbrite's CEO quit a cushy career in Hollywood to launch the $225 million company with her own money: ‘If it's a disaster, we'll just be broke'
Eventbrite CEO Julia Hartz ditched her cushy TV career working on hit shows like Friends, Jackass, and The Shield to bootstrap the ticketing platform with her two cofounders, scaling it from a windowless phone closet. She exclusively tells Fortune they shelled out less than $250,000 to get the company up and running, reasoning that 'if it's a disaster, we'll just be broke.' But the Gen Xer's nail-biting sacrifice paid off, as Eventbrite now boasts a $225 million valuation and serves 89 million monthly users. Most people would jump at the idea of working on hit TV shows like Friends, Jackass, and The Shield, but Eventbrite CEO Julia Hartz left it all behind to pursue her passion of bringing people together. Just five years into her rising TV career—where she'd climbed the ranks to junior executive at FX—Hartz tossed the towel in on her 9-to-5 to launch Eventbrite in 2006, bootstrapping the company entirely with her husband and fellow cofounder Renaud Visage. The pitch was: 'Come work on something that doesn't exist. We'll use our own money to fund it, and if it's a disaster, we'll just be broke,'' Hartz tells Fortune. Eventbrite is now estimated to be worth $225 million, and offers events ranging from wrestling classes, to comedy shows, to cheese raves with Queer Eye star Antoni Porowski. But it all started when Hartz and her husband—serial entrepreneur and early PayPal investor Kevin Hartz—assembled a dream team to get Eventbrite off the ground. They recruited fellow cofounder Visage to come on board as chief technology officer, and the trio of entrepreneurs decided to chuck $250,000 of their own money to get Eventbrite running, moving to San Francisco. Hartz had to sacrifice her job to put all her energy into Eventbrite, skirting the route other entrepreneurs have gone down: juggling a full-time job while scaling a company on the side. Instead, she found it best to wipe her slate clean and leave her TV career behind to pursue Eventbrite. It was a professional gamble that paid off in the long run. 'I've seen entrepreneurs do that, and I think that that's a clever way to gain validation and product market fit, without putting yourself in such a perilous state,' Hartz says. 'I did not do that.' Inspiration struck during her 9-to-5 job in TV working on Friends and The Shield Hartz started working at just the age of 14—pouring coffees in cafes, and driving kids to after-school activities—and hasn't taken her foot off the gas since. While attending Pepperdine University, she worked as an intern on the set of hit TV-show Friends, later scoring an internship at MTV in the series development department. It was a 'magical' experience that eventually landed her a job at the station—once she graduated, Hartz went straight into developing shows including Jackass, The Shield, and Rescue Me across MTV and FX. Part of her job entailed researching fandom events, and suddenly, something clicked. 'I remember going to this fandom event that was insanely niche, and feeling the energy of the people in the room, it just stuck with me,' Hartz says. 'It was this palpable, kinetic energy…When we started Eventbrite, I was thinking about that all along: 'How do we enable the people who gather others around these niche passion areas and create this magic?'' While most couples may wring their hands at the idea of putting their finances on the line to launch a company together, Hartz's partner was enthusiastic about going all-in on a light bulb moment. In fact, the Gen X CEO's nearly 20-year success may have never panned out if it wasn't for her husband Kevin—who's success investing in the then little-known startup called PayPal—persuaded her to take the leap into entrepreneurship. 'It's only serial entrepreneurs who can convince someone of that,' Hartz says. 'We made it on less than a quarter of a million dollars…I'm really, really proud of it.' Scaling a business idea into a $225 million ticketing giant Once Hartz made the decision to leave TV forever, she packed her things into boxes, and drove up the coast of California to settle in her company's new headquarters: San Francisco. The Silicon Valley hub had the tech connections and industry access to help get things off the ground. So just like that, she set up shop in Potrero Hill, the 'warehouse district'. 'I was moving saw horses and plywood into a windowless phone closet on Monday, in this warehouse district in San Francisco, going in my head, 'Wait, what if he's crazy?' Well, it's a little late for that,' Hartz says. 'I've been working since I was 14 with no break. So it was really important to me that I be working on day one.' Eventbrite was able to get things off the ground thanks in part to perfect timing; in the mid-2000s, social media platforms were looking to bring together its users in real life. Facebook made Eventbrite one of its first connect partners, solidifying a huge new customer base looking for community events to partake in. Then 2008 came, and thousands of workers from all across the U.S. were being laid off in droves during the financial crisis. Hartz said 'the world collapsed' in those dire years, and people were desperate for community while facing hardship. It was a tough era for corporate American workers, but was an opportunity for Eventbrite to bring them together. Over the next decade the business would amass a total of $373 million in equity funding through 11 fundraising rounds, according to Pitchbook, attracting investors like Tiger Global Management, Sequoia Capital and Square. The ticketing platform has since amassed a fanbase in nearly 180 countries—in 2024 alone, it had distributed 83 million paid tickets for over 4.7 million events. With 89 million monthly users, people are scoring seats at events ranging from a sunset Bach concert in Central Park to a house music cruise on the Hudson river. This story was originally featured on
Yahoo
4 days ago
- Yahoo
Tacoria, a Mexican chain restaurant, is coming to Cherry Hill. What to expect.
Tacoria Mexican Street Kitchen, a fast-casual New Jersey-based chain founded by some friends from Rutgers University, is to open a location in Cherry Hill soon. The chain — which has 10 sites throughout New Jersey, including one in Marlton — is known for its handcrafted tacos and fresh ingredients. Its incoming Cherry Hill location has targeted an end-of-July opening and may be found at the Shoppes at Garden State Park, 800 North Haddonfield Road, in a space previously occupied by &pizza. Trader Joe's is one of the anchors in that shopping center, which also includes Wild Fork, Chopt and Shake Shack in one strip of restaurants. Tacoria is set to add to the plethora of food choices in the immediate area. Brio Italian Grille, The Cheesecake Factory, Sugar Factory, Kabuki Japanese Restaurant and Nan Xiang Xiao Long Bao are some of the eateries located in an adjacent shopping center called Towne Place at Garden State Park. Tacoria currently has locations in Piscataway, New Brunswick, Morristown, Hoboken, Jersey City, Paramus, Montclair, Princeton, Edgewater, and Marlton. The Marlton location opened at the Marlton Square shopping center, near Trader Joe's, in September. It was the first Tacoria location in South Jersey. 'We're just a couple of friends from Rutgers who REALLY love Mexican food, and we wanted to share our love with others back home,' the Tacoria website states. 'So we went to Mexico to soak up the culture and learn as many culinary secrets as we could, and then spent months in our own kitchen blending, mixing, experimenting and tasting until we created our own unique flavor. "Y listo, Tacoria was born!' One of the things that brand ownership promises is that the food is always made fresh daily with farm-raised ingredients. No frozen food is to be used. Tacoria's menu includes items such as handcrafted tacos, burritos, bowls, nachos, quesadillas, salads and Mexican street corn, as well as vegan options and a kids' menu. Please consider a digital subscription to help support our journalism. This article originally appeared on Cherry Hill Courier-Post: Shoppes at Garden State Park in Cherry Hill to add Tacoria Solve the daily Crossword
Axios
4 days ago
- Axios
Brands are trying to get to your door in 15 minutes or less
The dream of instant commerce is getting closer to reality — not necessarily because technology is improving, one company says, but simply by being nearer to more people for faster delivery. Why it matters: We're used to instant gratification in our entertainment and human interaction — but still have to wait for our stuff, unless we're willing to deal with the burden of getting up off the couch and getting it ourselves. That's changing. Driving the news: Last month Disney took the wraps off a partnership with delivery service GoPuff, offering custom mini-stores tied to its properties. An on-screen QR code takes viewers to the storefront, letting them purchase select items within 30 seconds for delivery in as little as 15 minutes, depending on their location. Zoom out: 25 years ago, the dream of both TV and Internet commerce was one-click shopping — hit a button on a remote and automatically buy what you saw on screen for immediate delivery. There was even an industry shorthand for the technological and commercial goal: "Rachel's sweater," as in, being able to click and immediately buy the clothes Jennifer Aniston's character wore on the then-smash hit "Friends." Society hasn't quite achieved that dream, yet, but it's closer. What they're saying: "I can go from seeing an advertisement to having it in your hand in literally 15, 20 minutes," GoPuff co-CEO Yakir Gola tells Axios. The company's hundreds of "micro-fulfillment centers" cover most major U.S. cities. They're positioned as a source for "everyday essentials," Gola says; top products include eggs, water and paper towels. Yes, but: Brands are starting to drive demand, too, either in the form of the Disney deal, or in white-label arrangements where GoPuff handles back-end fulfillment. Starbucks has even piloted a program where baristas it trains make drinks inside GoPuff fulfillment centers for rapid delivery. The intrigue: A number of retailers are piloting programs with drones and delivery robots, aiming to get products faster from store to door. GoPuff's Gola says the company's gone a different route, with internal development of software and AI tools to optimize how deliveries are batched and dispatched. Others have the same idea. Walmart — the world's largest retailer — says it is also using AI plans to speed up delivery times, and plans to bring 3-hour delivery to 95% of U.S. households by the end of 2025. The bottom line: We're getting closer to an era where it's faster for people to bring things to you than for you to go get it yourself.
