Tourico Holidays, Inc. Named By Inc. Magazine To Its List Of The 500 Fastest Growing Private Companies.
Orlando, November 2004 – Tourico Holidays, Inc., the largest US based global receptive tour operator and a subsidiary of Travel Holdings, Inc., was named to Inc. Magazine’s, 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. This marks the second consecutive year that Tourico Holidays, Inc. has been recognized by the Inc. 500.
“2004 has been a record year in the growth of Tourico Holidays”, said Uri Argov, President, Travel Holdings, Inc., and founder of Tourico Holiday Tours. “During this past year alone, we increased our reach to 122 countries and more than 2,500 global tour operators and travel agents. We expanded our business throughout Europe and South America and entered new markets in China, South Africa, the Middle East and India,” added Argov.
Other Company Milestones Include:
- Signing of the 10,000th merchant hotel contract
- 37 airlines sign net rate contracts
- 92 dedicated websites launched in 2004
- 24/7 call center expanded to serve 23 languages
- OneMinuteBooking.com launched to serve US travel agents
- Travel Global Systems (Travel Holdings’ technology branch) launches direct-connect capability
- 60 host-to-host connections launched with global tour operators
- Extranet launched
- Caching system launched
- Automatic accounts reconciliation technology deployed
About the Inc. 500
The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. With approximately 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Eighty-five companies (17%) on this year’s Inc. 500 say they plan to go public at some point. Over the years, the Inc. 500 has identified the next generation of world-class companies, including Microsoft, Oracle, and Intuit all appearing on the list before they became industry powerhouses.
To be eligible for this year’s Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
About Tourico Holidays, Inc. Tourico Holidays is a subsidiary of Travel Holdings, Inc., It is the fastest growing worldwide wholesale travel provider with more than 85 international distribution websites, more than 10,000 merchant hotel agreements, and operating globally in 23 languages. Travel Holdings, Inc. is one of the most innovative and diverse travel distribution companies in the world. Headquartered in Orlando and with technology operations in Tel Aviv, Travel Holdings serves customers in 122 countries. By supplying proprietary global travel inventory and technology at highly competitive pricing, Travel Holdings integrates with every segment of the travel industry including retail, wholesale, group, travel agents, corporate and affiliates.