Last minute bookings profit boost for East Lancs travel firm

Last minute bookings profit boost for East Lancs travel firm

Last minute bookings profit boost for East Lancs travel firm

First published in News

AN EAST Lancashire travel firm has seen a rise in pre-tax profits thanks to a surge in last minute bookings.

Wyndham Vacation Rentals UK, based at Spring Mill in Stoney Bank Road, Earby, saw revenue drop from £75.5m in 2012, to £73.6m in 2013.

Pre-tax profits did, however, climb from £20.5m in 2012 to £20.9m last year.

Wyndham, which trades in the Pendle village as Cottages4you, also made a number of acquisition throughout the year, including Cumbrian Cottages and Dartmouth Holiday Homes.

Geoff Cowley, the firm’s managing director, said he was ‘confident’ about its future prospects.

He said: “"We are pleased with the overall performance. 2013 was a strange year with a freezing start to the booking period, followed by glorious weather for most of the summer.

“This meant that consumers delayed booking a UK holiday, so last minute bookings once again played a key role in our overall performance – particularly in the lodge and park segment.”

Comments (1)

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7:52am Tue 15 Jul 14

TONY WALES says...

If this company took in £73.6 million in revenue and had a pretax profit of £20.9 million it looks to me like the holiday makers and the owners of the rented properties are being ripped off to me.

You will get better value if you rent direct from the owners.
If this company took in £73.6 million in revenue and had a pretax profit of £20.9 million it looks to me like the holiday makers and the owners of the rented properties are being ripped off to me. You will get better value if you rent direct from the owners. TONY WALES
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