Here at the corporate travel management blog we think it’s vital to keep up to date with the latest news from the travel management industry. This week we’re looking at HRG, one of the more well known names in the travel management industry.
HRG has seen a decline recently in their European business, over the past 4 months. At first glance you’d expect this to be bad news for the company, and potentially the travel management industry. However they’re stating that revenue and spending is basically the same as a year ago. HRG believe that the reason for this is that a growth in the Asian market is offsetting the decline in Europe.
The travel management company stated “Despite the uncertain macroeconomic environment, the board remains confident that HRG will deliver underlying profit before tax for the full year in line with expectations.”
HRG’s very own Chief Executive, David Radcliffe, also stated “HRG has demonstrated the robustness of its business model which is underpinned by our ability to help clients maximise the value of their corporate travel budgets.”
HRG’s financial year will finish in March 2012, so we’ll find out then if the travel management company is having troubles. From our observations it looks like the travel management industry is still going strong, despite the current economical situation. Be sure to let us know in the comments below if there’s any recent news from the travel management industry which you’d like us to cover.
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Travel Management UK 
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