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April 28, 2015 4:58 PM ET

Hotels, Restaurants and Leisure

Company Overview of Tourico Holidays, Inc.

Company Overview

Tourico Holidays, Inc. operates as a travel distributor. The company provides online access to cruise lines, flights, and hotels in North America, Europe, Asia, Latin America, and the Middle East. It also offers host-to-host connection; a Web site solution that helps in bringing the client’s travel business online; and Jetbuzz, an automatic deal alert software, which helps clients in receiving and distributing hotel deals to their customers. Tourico Holidays, Inc. was incorporated in 1994 and is based in Altamonte Springs, Florida. It has product procurement teams in Orlando, New York, Las Vegas, Rome, Paris, London, Buenos Aires, Curitiba, Tokyo, Tel Aviv, Dubai, Taipei, Chengdu, and Sydney...

220 East Central Parkway

Suite 4000

Altamonte Springs, FL 32701

United States

Founded in 1994

Phone:

407-667-8700

Fax:

407-667-8850

Key Executives for Tourico Holidays, Inc.

Tourico Holidays, Inc. does not have any Key Executives recorded.

Tourico Holidays, Inc. Key Developments

Tourico Holidays Launched its Innovative New Group Bidding Engine

Tourico Holidays announced that it has launched its innovative new Group Bidding Engine, where travel agents and other distributors submit highly-specific group reservation requests and selected hotels have a 24-hour window to bid on them. The completely transparent, real-time group travel marketplace will also allow travel agents to bundle their hotel selection with group transfers, activities, and attractions – making it a one-stop transaction for all group services. Using the Group Bidding Engine, clients can search for hotels based on destination, the number of rooms desired, the check-in and checkout dates, and star ratings. Agents can then filter their results based on location, price range, hotel names and brands, amenities and more. Agents then select up to seven specific hotels from which they would like to receive pricing quotes. Once a client has submitted their specific group request, the automated system notifies the selected hotels and initiates a 24-hour period where they can adjust rates multiple times in order to attract the group business. Clients can review the quotes in real-time and select a hotel at any point during the 24 hours – or within 24 hours of it expiring. Bookings are finalized and processed on the site after agents have been given the option to add specific transfers, activities, and attractions to their reservations.

Tourico Holidays Announces Earnings Results for the First Quarter of 2014

Tourico Holidays announced earnings results for the first quarter of 2014. The company reported financial results for its first quarter of 2014, highlighted by a 79% increase in year-over-year earnings. The company cited a sharp increase in demand from its hotels business including a 29% surge in hotel bookings and a 25% rise in room nights as contributing factors to its 27% top line revenue growth. The company also noted key investments made in its distribution technology and in its international sales and group sales teams as primary drivers of its early 2014 growth.

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