Trevolution Group’s Airfare Sales Cross $623 Million Milestone 

Trevolution Group, the global market leader operating Asaptickets, Skyluxtravel, Dreamport and other travel services, has announced commercial results for the first half of 2023 showing record performance in airfare sales. During the past six months, the Group’s total gross bookings reached 623.57 million USD exceeding the same period last year by 43% and resulting in over 435,210 sold tickets across its travel brands. This indicates almost 92% growth in the number of tickets sold compared to the pre-pandemic period for Trevolution Group, which continues its market expansion and now also offers direct ticketing to customers across the Philippines and the UK since the beginning of this year.  

• Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, amounted to 623.57 million USD, indicating an increase of 43% from the prior year 1H;  
• The number of unique tickets issued reached 435,210, increasing by 43% vs. H1 in 2022;  
• Premium economy class has shown a significant increase going up in demand by 130%;  
• The share of one-way tickets amounted to 23% of all tickets sold;  

• The number of auxiliary products and services increased by nearly 30% vs 1H2022.  

Trevolution Group has been a global expert market leader for almost two decades and has developed extensive expertise in the Visiting Friends and Relatives segment. The VFR form of travel is also strongly indicated by its most popular travel destinations, with the Philippines, India, Italy, the United Kingdom, and the United States being the top five most visited countries so far in 2023. Compared to the previous year, ticket sales to Italy have grown by over 40% and to the United Kingdom by 36%, while India has shown a 39% growth and the Philippines – a close to 13% increase. Thailand and Indonesia have surfaced as emerging travel destinations, leading to a significant increase in the count of Trevolution Group customers traveling to these sought-after vacation destinations, more than doubling the previous figures.  

Because of the worldwide economic context, ticket prices have risen on average compared to the first six months of last year: economy class by 4%, premium economy by 19%, business class by 22% and first class by a substantial 30+%. The highest price increase is observed in first class, where consumers are less sensitive to airfare fluctuations and can promptly adjust to ongoing inflation.   

Meanwhile, the share of one-way tickets stayed at nearly the same level and amounted to 23%, compared to 20% in 2022, which has more than doubled from 11% in 2019.   

According to the latest sales data, the average advance purchase period continues to be lower than in the pre-pandemic period when people would plan their travel longer ahead. Thus, in the first half of 2023, 19% of airline passengers booked their flights up to 10 days in advance, while 11% chose to do it 11-20 days ahead and 9% bought their airfare tickets up to a month in advance. While only one-fifth of all passengers bought airline tickets over three months in advance back in 2022, this year, almost 30% of air passengers chose to secure their flights 90 and more days ahead. That is directly linked to the ongoing recovery of post-pandemic travel – a longer booking window indicates greater travel confidence and the desire to compensate for all the trips that were once canceled because of travel restrictions.  

Similarly, to last year, most passengers chose to fly business class, and one in every ten travelers in 2023 flew business class. In addition, the premium economy class has shown a significant increase going up in demand by 130% compared to 2022, which indicates the travelers’ growing desire for comfort and more affordable flight upgrades. As a result, the number of auxiliary products and services has also increased by almost 30% in 2023 versus 2022 and by 108% compared to 2021, again indicating the increased interest in additional travel products being available all at once when placing a booking.   

 “While 2022 was a very strong and dynamic year for us, we are excited to have yet again exceeded our growth during the first half of this year. With travel volumes being back to pre-pandemic levels, we are actively catering to our customer demand by expanding our operations, offering more innovative travel products and entering new markets. So far in 2023 we have launched direct ticketing services across two of our leading markets in Europe and Asia, making affordable travel even more accessible to people around the globe. The first six months of the year have already allowed us to reach our goals that were set last year, and we are maximizing our performance to ensure an even better travel experience and reach new heights by the end of this year,” Peter Vazan, EVP of Industry Relations at Trevolution Group commented.   

_ 

Trevolution Group incorporates the travel businesses of the Dyninno Group of companies, which provides products and services in the finance, travel, and entertainment sectors. Trevolution Group has established itself as the market leader in the travel business, specializing in the visiting friends and relatives segment. Over 730,000 airline tickets and vacation packages were sold by Trevolution Group in 2022, which makes it the fifth-largest travel consolidator in the US.

For further details, please contact pr@dyninno.com.

New Appointment of Trevolution Vice President and CEO of Dreampass

Following the product development strategy, Trevolution Group, the global market leader in the travel business, has announced an esteemed international executive to join the company’s multinational team. Roman Zilberman has been appointed the Vice President of Trevolution and CEO of Dreampass, a forthcoming mobile product developed to consolidate the entire portfolio of the group, including its largest global brands Asaptickets and Skyluxtravel. 

The upcoming mobile application is set to consolidate the group’s travel and fintech products, as well as provide a number of third-party services. Scheduled for release by the end of 2023, the application is designed to unify and streamline a comprehensive range of travel-related products and services for the group’s customers. From purchasing flight tickets to renting cars, accessing personal concierge services, and initiating third-party offerings, the application will serve as a centralized platform for all their travel needs. By consolidating all of these features, Trevolution Group aims to enhance the convenience and provide a seamless experience for its customers across the globe. 

“The development of new product and a new appointment marks a significant milestone for us in our quest for innovation and customer-centric solutions. With his strategic expertise and innovative mindset, Roman will play a crucial role in shaping the future of travel experiences for our customers around the globe,” says Alex Weinstein, a Chairman and Founder of Dyninno Group of Companies, President of Trevolution. 

In his role as Vice President of Trevolution Group and CEO of DreamPass, Roman Zilberman will play a pivotal part in the development of the innovative DreamPass application, as well as drive sales of travel, financial, and other products within the Trevolution ecosystem. His extensive expertise in strategy, private equity, and investment banking, combined with a strategic vision, will significantly contribute to the growth and success of the company.  

Zilberman brings a remarkable background in finance and consulting to his new position. Prior to joining Trevolution Group, he held key roles such as Chief Strategy Officer and Vice President at a leading financial group in Eastern Europe from 2020 to 2023, where he served on the board of prominent insurance companies and banks. Before that, Roman spent over seven years (2012–2020) at McKinsey & Company as an Associate Principal, where he earned accolades for his invaluable contributions and strategic guidance to financial institutions across CIS and South Africa.  

_ 

Trevolution Group incorporates the travel businesses of the Dyninno Group of companies, which provides products and services in the finance, travel, and entertainment sectors. Trevolution Group has established itself as the market leader in the travel business, specializing in the ‘visiting friends and relatives’ segment. Over 730,000 unique airline tickets and vacation packages were sold by the companies under the Trevolution Group brand in 2022, making it the fifth-largest travel consolidator in the US.  

For further details, please contact pr@dyninno.com. 

Asaptickets Awarded as the Best Travel Agency of 2023 

Asaptickets, part of the Trevolution Group, has been recognized as the Best Travel Agency of 2023 by the International Travel Awards. This recognition underscores Asaptickets’ outstanding performance and leadership in the global tourism industry, solidifying its position as a market leader.

Since its establishment in 2001, Asaptickets has emerged as the go-to solution for travelers seeking cost savings on flights and vacation packages while receiving top-notch customer service. Specializing in the visiting friends and relatives (VFR) segment, the company has become a prominent player in the travel business. In 2022 alone, Asaptickets served over 3,500,000 airline customers, making it the fifth-largest travel consolidator in the US market. Notably, the company achieved record-breaking results by surpassing pre-pandemic levels by 37% in the same year.

Continuing its commitment to excellence, Asaptickets expanded its operations to the Philippines and the UK earlier this year, further solidifying its position as a leading and cost-effective choice for budget-class travelers. The company offers seamless routing and airline combinations, not only within the US but also globally.

The recognition from The International Travel Awards is a significant milestone for Asaptickets. This renowned industry award honors businesses in the travel, tourism, and hospitality sectors from over 70 countries. Each year, thousands of businesses vie for these prestigious awards, but only a select few earn the title of the best travel establishments as determined by professional judges. Hosted and managed by Golden Tree Events Organizing and Managing in Dubai, UAE, the Awards celebrate excellence across various aspects of the travel industry, including hotels, tourism boards, attractions, and travel companies.

In 2023, the Awards took place for the fifth time, with competition in the saturated tourism segment reaching new heights.

Trevolution Group Launches Dreamport Platform to Empower Travel Entrepreneurs Worldwide 

Dubai, UAE – Trevolution Group, which operates Asaptickets, Skyluxtravel,  International Travel Network, and other global travel brands, announces a new product launch. Dreamport.me is an online platform that aggregates Independent Travel Managers globally. The platform is meant to work as a tool that enables anyone, regardless of location to be trained and contracted as an Independent Travel Manager. This innovative platform is set to transform the travel industry by offering a unique opportunity for aspiring individuals to get expertise and earn while servicing travelers fully remotely in the travel industry. 

Dreamport offers an all-inclusive free training program to individuals, including inexperienced ones, covering a range of topics such as marketing, sales, customer service, travel industry standards, and tools. Additionally, the platform provides customer leads to its travel managers to initiate sales. The platform offers a user-friendly interface that guides through the process of creating and managing a travel business. Through Dreamport.me, users receive travel requests from other Trevolution travel services such as Asaptickets and Skyluxtravel and earn a commission on each sale. Dreamport’s commission structure is highly competitive, enabling users to earn a substantial profit while performing services from home or anywhere in the world.  

“Most of the C-level executives in our company, including myself, started our careers as travel agents. There are so many energetic and creative people, who are looking for opportunities – and we want to create this chance for them to develop and do more, become more. Having been in the travel industry for almost 20 years, our business believes in the power of giving back to society, as it not only improves the lives of those with limited earning opportunities but also reinforces our commitment to being a socially responsible entity that strives to make a positive impact on the world,” says Alex Weinstein, the Founder of the Group. “That is why we invite individuals to unlock their potential and open the door to their dreams; hence the name – Dream (a cherished aspiration) + Port (from an airport, from Puerto –  door). We want our clients to be served by people who are just as passionate, and who take pleasure in what they do.”   

To leverage the boundless potential of the digital world and connect with a global audience without being bound by geographical limitations, Dreamport is a 100% online platform. It offers travel managers independence, mobility, and options for a flexible schedule while building a career in the travel industry. The key requirements for the platform application are a good level of English and a stable internet connection. No previous industry experience or education is required, as world-class training is provided to teach skills and knowledge in sales, communication, active listening, business acumen, discovery, curiosity, and collaboration. The main responsibilities of a travel manager include providing customers with information on travel routes and offering airfare tickets, as well as auxiliary travel products. 

Dreamport is now accepting applications for its Independent Travel Manager program. Interested individuals from across the world are invited to visit the Dreamport website to learn more about the program and sign up for free. For more information, please visit https://www.dreamport.me/.  

Dyninno Group Expands Global Presence With New Istanbul Office

 Dyninno Group, a global group of companies that provides products and services in the travel, fintech, and entertainment technology sectors, expands its global presence by opening an office in Istanbul, Turkey, to better meet the needs of its growing travel business division – Trevolution. The new office was officially launched at the end of February this year.

The expertise and core business of Dyninno Turkey will vary from services in the sales, customer support and service excellence for the company’s travel businesses, namely Asaptickets, Skyluxtravel, and other travel brands. 

 Yevgeny Senderov, CEO of Dyninno Group: “The success of our business relies heavily on the expertise of talented professionals who prioritize exceptional customer service, as well as partners located in convenient time zones. Our proprietary data has shown a significant surge in demand for Turkey as a tourist destination, with over 44 million visitors last year alone. As a hub for travel and commerce in the region, Istanbul is the perfect location for Dyninno’s new office. Its favorable location and large population of young professionals make it an ideal place to expand our business. We are confident that establishing a presence in Istanbul will contribute greatly to our global growth and success.” 

Alisher Mirzaev, General Manager of Dyninno Turkey: “Turkey’s strategic location as a hub linking Northern Africa, Asia, and Europe presents a highly advantageous opportunity for us to enhance our business presence across multiple geographies. Investing in Turkey’s tourism sector is a successful long-term business. Being the 6th most popular tourist destination worldwide, it is a major hub for both travel and commerce. In addition to that, Istanbul, as well as Turkey as a whole, has no shortage of highly educated talent. By the end of the year, we plan to employ more than 100 people locally and expect to have reached break-even for the investment we have made in Istanbul.”  

Dyninno is a group of companies providing products and services in the travel, finance, entertainment, and technology sectors in 50 countries. It was founded in 2004 in San Francisco by Alex Weinstein. Today, over 5,400 professionals work for the Group globally. 

For further details, please contact pr@dyninno.com 

Trevolution Group Sales to the Philippines Quadruple

Trevolution Group, which operates International Travel Network, Asaptickets, Skyluxtravel, Aviajet, and other travel brands, reports that it has sold over 105 000 tickets to and from the Philippines in 2022. It is an increase of 457%, compared to 2021. 

Peter Vazan, EVP of Industry Relations of Trevolution Group: “Over the years, tourists from all over the world come to visit the Philippines – the country has been one of the top destination spots for travelers around the already pre-Covid. 2023 is the first full year since the Philippines reopened. The growing demand now only shows the travel confidence – the country seems to accommodate the growing demand, too – the Philippines is looking to double tourist arrivals and aims to reach 5 million tourists in 2023 (compared to 2.6M last year).” 

“Thanks to the significant demand for travel between the United States and Philippines, driven by the 4.2 million Filipino Americans, we have focused on entering and securing our position in the Filipino market. Our various brands have been offering affordable quality services to thousands of customers each month,” Vazan added. 

The top Filipino destinations from US airports in 2022 were Manila, Cebu, Laoag, Mabalacat, and Davao. In turn, most passengers originated from Los Angeles, San Francisco, New York, Chicago, and Honolulu. The average round-trip economy ticket between the US and the Philippines was priced at USD 1300.

The Philippines targets to double tourist arrivals from 2.6 million in 2022 to 5 million foreign tourists in 2023. Trevolution Group has been leveraging its marketing capabilities to promote the Philippines as a tourist destination. There is immense scope in the Philippines for tourism development, and Trevolution Group is elated to contribute to the national goal of increasing tourist arrivals in the country. 

In 2022, Trevolution Group issued more than 700 000 tickets globally, or 74% more than during the previous year. Gross bookings of the company reached USD 936 million. 

Trevolution Group, which incorporates the travel businesses of the Dyninno Group of companies, has been operating in the Philippines since 2012, after it launched an office in Cebu. Following the rapid growth in our headcount, a second office was later opened in Manilla. Currently, the company employs over 1,000 employees, most of whom focus on providing a service for the travel businesses of the Dyninno Group: Asaptickets, Skyluxtravel, and other travel brands. 

Philippines Experience Tourism Recovery: Trevolution Group Sales to the Philippines Quadruple

Trevolution Group, which operates International Travel Network, Asaptickets, Skyluxtravel, Aviajet, and other travel brands, reports that it has sold over 105 000 tickets to and from the Philippines in 2022. It is an increase of 457%, compared to 2021. 

Peter Vazan, EVP of Industry Relations of Trevolution Group: “Over the years, tourists from all over the world come to visit the Philippines – the country has been one of the top destination spots for travelers around the already pre-Covid. 2023 is the first full year since the Philippines reopened. The growing demand now only shows the travel confidence – the country seems to accommodate the growing demand, too – the Philippines is looking to double tourist arrivals and aims to reach 5 million tourists in 2023 (compared to 2.6M last year).” 

“Thanks to the significant demand for travel between the United States and Philippines, driven by the 4.2 million Filipino Americans, we have focused on entering and securing our position in the Filipino market. Our various brands have been offering affordable quality services to thousands of customers each month,” Vazan added.  

The top Filipino destinations from US airports in 2022 were Manila, Cebu, Laoag, Mabalacat, and Davao. In turn, most passengers originated from Los Angeles, San Francisco, New York, Chicago, and Honolulu. The average round-trip economy ticket between the US and the Philippines was priced at USD 1300.

The Philippines targets to double tourist arrivals from 2.6 million in 2022 to 5 million foreign tourists in 2023. Trevolution Group has been leveraging its marketing capabilities to promote the Philippines as a tourist destination. There is immense scope in the Philippines for tourism development, and Trevolution Group is elated to contribute to the national goal of increasing tourist arrivals in the country. 

In 2022, Trevolution Group issued more than 700 000 tickets globally, or 74% more than during the previous year. Gross bookings of the company reached USD 936 million. 

Trevolution Group, which incorporates the travel businesses of the Dyninno Group of companies, has been operating in the Philippines since 2012, after it launched an office in Cebu. Following the rapid growth in our headcount, a second office was later opened in Manilla. Currently, the company employs over 1,000 employees, most of whom focus on providing a service for the travel businesses of the Dyninno Group: Asaptickets, Skyluxtravel, and other travel brands.  

 Trevolution Group incorporates the travel businesses of the Dyninno Group of Companies, which provides products and services in the finance, travel, and entertainment sectors. Trevolution Group has established itself as the market leader in the travel business, specializing in the visiting friends and relatives’ segment. Over 70,000 airline tickets and vacation packages are sold by the companies under the Trevolution Group brand monthly, which makes it the fifth-largest travel consolidator in the US. 

For further details, please contact pr@dyninno.com. 

Trevolution Group Sells a Record number of Airline Tickets in 2022

 Trevolution Group, which operates International Travel Network, Asaptickets, Skyluxtravel, Aviajet, and other travel brands, reports its annual commercial results. The gross bookings, calculated as the total dollar value of all travel services booked by its customers net of cancellations, generally inclusive of taxes and fees, increased by 95% compared to 2021, amounting to $936 million. 

Key Highlights

• Gross bookings increased by 95% (compared to 2021) and amounted to $936 million; 

• The number of unique tickets issued reached 730,000 (+74% vs. 2021); 
• International flight’s share of unique tickets sold increased by 20%; 
• The share of short-term bookings (0-30 days) amounted to 40% of all bookings; 
• The share of one-way tickets stayed at nearly the same level and amounted to 24%; 
• One in ten customers chose business class in 2022; 

• The number of auxiliary products and services increased by 78% in 2022 versus 2021. 

The number of unique tickets issued in 2022 reached 730,000, which is a 74% increase compared to 2021, and a 61% increase compared to the pre-pandemic results (2022 versus 2019). A record performance was primarily led by the increasing popularity of services incorporated under the Trevolution Group brand in the US and Canada, as well as a new client acquisition market – the UK.  

Following post-Covid travel changes, in 2022, international flights’ share of unique tickets amounted to 89% of all tickets sold.  

The share of short-term bookings has decreased and amounted to 40%, compared to 56% in 2021, which is directly correlated with the recovery of post-pandemic travel activities – a longer booking window indicates greater travel confidence. The share of one-way tickets stayed at nearly the same level and amounted to 24%, compared to 25% in 2021, which has doubled from 12% in 2019.  

The top countries, to which flights were booked by Trevolution customers, are the Philippines, India, Nigeria, Italy, and Pakistan. While sales to Ghana, Kenya, and Mexico increased, the countries dropped from the list of the top ten. Meanwhile, Italy, Israel, the United Kingdom, and Turkey climbed to the list. Compared to the previous year, sales to India and the Philippines have grown 4.5 times. 

Every tenth traveler in 2022 flew business class, however, the majority of travelers chose economy. 

Alex Weinstein, Founder of Dyninno Group of Companies: “We have recorded our strongest year yet. 2022 was very dynamic and successful – we have launched 5 new operational offices globally and are continuing to expand. In 2022 we restructured the business to make it more transparent and efficient; we rebranded Dyninno Travel to Trevolution Group, consolidating our travel products and services under one umbrella brand to increase the market value. We have developed plans for 2023 and aim to make a 56% increase in gross bookings.” 

Peter Vazan, EVP of Industry Relations at Trevolution Group commented: “Trevolution is introducing NDC capability, through which we will be able to give real-time offers to passengers at a cheaper rate. We have added the UK as a new client acquisition market and are now in the process of adding the Philippines and Latin America, too. The new acquisition markets will give us a sales boost.” 

For further details, please contact pr@dyninno.com. 

Dyninno Group Launches Operations in Sao Paulo

Dyninno Group, a global technology group of companies that provides products and services in the travel, fintech, and entertainment technologies sectors, expands its footprint in Latin America with the opening of a new office in Sao Paulo, Brazil, creating over 100 jobs. The new Sao Paulo office of Dyninno will operate its travel business line – Trevolution, namely Asaptickets, Skyluxtravel, and other travel brands.

Yevgeny Senderov, CEO of Dyninno Group, commented: “Brazil is already our second market in Latin America after Colombia. Latin America is an exciting business destination – the future economic outlook is very positive, and businesses can capitalise on the growth opportunities offered. The region possesses a rich and diverse talent pool, which is one of the main reasons why investing in LatAm continues to be an integral part of our global expansion plans.”

Nicolae Oleg Saragov, General Manager of Dyninno Brasil, said: “Establishing a commercial presence in Brazil gives companies easy access to other countries in the region, and launching in Brazil opens the doors to the Portuguese-speaking part of the world – up to now, Dyninno did not have a dedicated location of Portuguese-speaking travel managers. Brazilian people understand consumer attitudes well and are extremely customer-oriented, which is why I believe there is a good match with our company culture. By the end of the year, we plan to have recruited a total of one hundred employees and reached break-even for the investment we have made in Sao Paulo.”

The new office officially started operations on January 30, 2023. Employees of Dyninno Brasil will focus on providing a service for the travel businesses of the Dyninno Group: Asaptickets, Skyluxtravel, and other travel brands.

Dyninno is a group of companies providing products and services in the travel, finance, entertainment, and technology sectors in 50 countries. It was founded in 2004 in San Francisco by Alex Weinstein. Today, over 5,400 professionals work for the Group globally.

For further details, please contact pr@dyninno.com

Dyninno Group launches operations in Uzbekistan