YTB International (Wood River, Ill) (OTC: YTBLA.PK) announced that it anticipates that travel sales could exceed $1 billion in 2008, surpassing the total travel sold in the Company’s first seven years of business.It should be noted that while YTB tracks the aggregate value of the travel services sold, only the commissions arising from such sales, not the amount of such sales themselves, are reflected in YTB’s financial statements.
‘We began 2007 as a travel company few people outside of YTB had ever heard of. We ended the year as Travel Weekly’s 35th largest travel agency in America (as reported for 2006), and we experienced a record setting day at YTB with more than 12,000 cruise passenger bookings on Carnival Cruise Lines. Also, YTB Travel Network’s CEO J.
Kim Sorensen was named one of the 33 most influential travel executives, along with the founders of Enterprise Rent-A- Car and Virgin Atlantic Airways,’ said YTB founder and CEO
Scott Tomer. ‘These accolades, along with our ever-increasing business initiatives and growth rate, give me no doubt that 2008 will be another record-setting year for YTB, which means a year of new opportunities for Reps and RTAs.’YTB’s RTAs, the people who offer YTB’s wide array of travel services, more than doubled in 2007, growing from just over 60,000 to more than 130,000. It was also a record year for YTB Reps, who received one and a half times more Leadership Bonuses compared to the first six years of YTB’s business.
‘The abilities and successes of our Reps and RTAs never ceases to amaze and inspire me,’ continued Tomer. ‘The fact that we are on track to be among the twelve largest travel agencies in the country with more that $1 billion in sales is just incredible. And we are committed to giving the team the support they need - from improved training and more sophisticated technology platforms to a larger office support team.’
Among the projects expected to launch in 2008 are the development of a next generation booking engine that will enable YTB to increase the products sold through the travel store, expansion of the YTB Outdoors, YTB Fly Free, and YTB Cars sites, and growth in Canada, Bermuda, and the Bahamas as those countries come online.
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