Advantage Travel Partnership has promoted managing director Julia Lo Bue-Said to chief executive officer following a year of growth.
Lo Bue-Said has been MD of the travel consortium for nearly five years. Her promotion was announced as Advantage Travel Centres reported an increase in turnover to £20.9 million and pre-tax profit of £321,000 for 2017.
Lo Bue-Said commented: “We are delighted at the performance of the group; creating a wealthy business on behalf of our member shareholders. We will continue driving forward in an ambitious manner as well as continuing to invest further in the group, an example of which was the acquisition made for the majority of shares last year in WIN.
“Our success factors are not however measured purely on the profits we make but on our ability to reinvest into the organisation, in our products and services, for the benefit of our members. Our investment in Advantage Holidays, Gateway2, increased member engagement and face-to-face visits, including our extended training and events programme are just some of the ways in which benefits have increased year on year.
“Given the financial strength of the organisation, we see this as an opportunity to continually look at how we deliver world-class proposition. Given the group’s performance, the board are yet again recommending a dividend payment to our member shareholders.”
Steve Esom, non-executive chairman of Advantage, said: “Julia’s dedication and contribution to the growth of Advantage over the last four years has been significant and I’m thrilled to confirm Julia’s appointment as CEO.”