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Intrepid achieves “impossible dream”, reports fourth year of record growth

Intrepid achieves “impossible dream”, reports fourth year of record growth

Tuesday, February 4, 2020

NEW YORK — Intrepid Group has unveiled its end-of-year results, welcoming its fourth consecutive year of growth in revenue and operating profit.

In 2019, the B Corp-certified travel company achieved 21% growth in Total Transaction Value (TTV), turning over AUD$488 million. It also delivered an EBIT result of $22.6 million, a 56% growth in profitability.

According to CEO James Thornton, this growth is driven by the increasing global demand for sustainable and locally immersive travel experiences.

“It’s fantastic to achieve strong double-digit growth again in 2019,” he said. “But this year’s results are also hugely significant to our team because just four years ago this kind of growth seemed like an impossible dream.”

The 2019 results mark the successful completion of a four-year strategy that was developed after the company split from TUI Plc to become an independently-owned business with a ‘purpose beyond profit’.

Now the world’s largest provider of adventure travel experiences, Intrepid Group offers more than 2,700 trips in 120 countries through three brands: Intrepid Travel, Peregrine Adventures and Urban Adventures.

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Having celebrated its 30-year anniversary in 2019, Australian-owned Intrepid Group has continued to see growth from its most established market, with APAC bookings up 13%. Intrepid also saw a 23% increase in customized trip sales from independent travellers drawn to the brand’s sustainability credentials and local expertise.
 
But it was Intrepid’s global destination management company, PEAK DMC, that saw the biggest year-on-year growth with sales from DMC partners up by 67% in 2019. 
 
Thornton says PEAK DMC sales are an emerging area of the business for Intrepid Group that will help to grow the overall market for sustainable and experience-rich travel.
 
“Responsible travel has been a driving force for Intrepid since our beginnings and the more we grow, the more we can do,” added Thornton.

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