Mooresville, NC (June 27, 2024) – Gifted Travel Network (GTN) is pleased to announce its host agency was listed in the Travel Weekly 2024 Power List, ranking the industry’s top retail travel agencies.
The Power List is an annual survey of the industry's largest and most successful travel agencies based on full-year 2023 sales. This year’s list is the largest yet, with 72 agencies recording more than $110 million in annual sales.
The Power List did not see dramatic change at the very top, with powerhouse online giants Booking Holdings (over $150 billion) and Expedia Group (more than $100 billion) leading the way. This year’s list includes 25 agencies with over $1B in sales, 38 agencies with over $500M in sales and 56 with over $200M in sales. There is notable growth in host agencies and franchise organizations that are powered by independent travel sellers.
“The power of the travel agency industry to influence and impact traveler decisions is growing immensely as consumers continue to increase the value of travel in their lives,” said Bob Sullivan, Chief Commercial Officer and President of Northstar Travel Group. “Our audience is committed to moving that needle for the travel industry.”
The list has been tracking the sales of travel agency organizations for more than 30 years, and this year's survey reflected the rebound of travel that followed the pandemic.
To qualify for the 2024 Power List, a company had to record a minimum of $110 million in travel sales in 2023, a change from previous years when only $100 million was required. For purposes of the survey, sales are defined as gross sales of travel products worldwide, whether to consumers or to corporate travelers and the company must be the agent of record on the transactions from a supplier’s perspective. At least 15% of the sales volume must have been generated in the U.S.
For a complete list visit https://www.travelweekly.com/Power-List-2024.
About Travel Weekly
Travel Weekly and TravelWeekly.com are the most influential B2B news resources for the travel industry. Via a multimedia portfolio of products, Travel Weekly and TravelWeekly.com deliver all the late-breaking news, analysis and research that travel professionals need to succeed.
In a rapidly changing and competitive marketplace, Travel Weekly and TravelWeekly.com provide travel professionals with a necessary global perspective through in-depth coverage of every business sector, including airline, car rental, cruise, destination, hotel and tour operator as well as technology, economic and governmental issues. Through its leadership events and key industry alliances, Travel Weekly extends its position as the most influential business publication in the industry.
About Northstar Travel Group
Northstar Travel Group is the leading B-to-B media company providing information and marketing solutions for the global travel industry. The company owns 14 media brands connecting 1.4m industry professionals through a comprehensive portfolio of digital, social, print and more than 100 events in 13countries. Northstar Travel Group is owned by EagleTree Capital. Northstar Travel Group is based in Rutherford, NJ, and more information is available at northstartravelgroup.com.
About Gifted Travel Network
Gifted Travel Network is the premier host agency for luxury travel advisors. Specializing in providing an elevated hosting experience, GTN has swiftly emerged as a leader within Virtuoso. Through their innovative approach to educating and supporting successful travel entrepreneurs, Gifted Travel Network takes pride in leading the way and attracting new-to-industry professionals to enter the dynamic world of luxury travel.