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Travel Holdings, Inc., Continues Growth With Strong Q2 2011

Tourico Holidays

Travel Holdings, Inc., Continues Growth
With Strong Q2 2011

Global Wholesale Travel Brokerage Sees Second-quarter EBITDA Almost Double.

ALTAMONTE SPRINGS, Fla (August 09, 2011) − Travel services aggregator Travel Holdings Inc. announced its second quarter 2011 results last week, showing robust year-over-year growth in the face of an incredibly challenging global business environment.

Led by its business-to-business Tourico Holidays brand, business-to-consumer-facing Last Minute Travel brand and industry-changing Mauiva AirCruise product, the company saw its second-quarter EBITDA almost double as revenue from all of the company’s segments showed exponential growth, particularly in North America, Latin America and Europe.

The company’s financial results for Q2 20119 include the following:

  • Total sales for the second quarter rose 52.14 percent year over year.
  • Gross margins for Q2 grew 50.01.
  • EBITDA for the quarter grew 99.42 percent year-over-year.
  • The company’s EBITDA represents 5.97 percent of its total sales and 38.55 percent of its gross margins.

Additionally, for the first six months of 2011 compared to the first six months or 2010, the company’s sales grew 42.18 percent, margins grew 42.01 percent and EBITDA grew 94.61 percent. For that period, hotel room nights sold rose 40.53 percent, rental car days climbed 179.0 percent, airline tickets sold rose 6.64 percent and activities sold grew 74.99 percent.

“Despite the current market turmoil, credit crisis and global economic challenges, Travel Holdings is still managing to achieve a record breaking year,” said Robert Fischer, Travel Holdings Chief Financial Officer. “During 2010, we invested heavily in our B2C business segment, increasing our global footprint as well as the creation of a new concept – The Mauiva AirCruise. These investments, compounded by our organic growth, are allowing us to enjoy this phenomenal success in 2011. The company is currently experiencing a steady growth of demand, which is exceeding $4 million daily in sales and 9 billion searches annually.”

The strong results so far this year have the company optimistic for the third quarter of 2011. Travel Holdings is projecting that total sales increase by 54.26 percent, gross margins by 38.95 percent and EBITDA by 92.79 percent during the quarter.

The Mauiva AirCruise is perhaps Tourico Holiday’s most creative product yet. The AirCruise is a multi-destination, sight-seeing experience in which guests enjoy the comforts of private air travel and conveniences of pre-arranged guided tours in each locale, maximizing value for travelers’ hard-earned vacation time and dollars. On both U.S. coasts, the AirCruise comprehensive package includes escorted group travel; all transportation via a private plane (augmented by coaches for destinations within 90 miles of each other); attractions and local tour guides; accommodations at first-class, branded hotels; daily breakfast and dinner; as well as gratuities and baggage handling. In 2012, the concept will be extended to include Caribbean and European itineraries. Launching the AirCruise just two month ago, Mauiva recently recorded the 2,000th guest. Mauiva AirCruise bookings are currently averaging 108 reservations per day resulting in over 275 future guests.

LastMinuteTravel.com is the premier online consumer website to book last minute prices in advance. Offering vacation packages, airline tickets, hotel accommodations, car rentals, and cruises, the site provides the best rates in advance and up to the very last second. With tens of thousands of Last Minute Travel deals and inventory that offers a wide variety of destinations and pricing options, LastMinuteTravel.com has become a go-to resource for today’s time-starved traveler.

In operation for 17 years, Tourico Holidays (www.TouricoHolidays.com) is a subsidiary of Travel Holdings, Inc. With 37 locations serving 97 sources countries across six continents, it employs 402 people providing support in 23 languages. Tourico Holidays is the world’s largest purchaser of hotel room blocks in the world, offering 4,405 travel clients 23,000 direct hotel contracts.

About Travel Holdings®

Travel Holdings, Inc.® (www.travelholdings.com), one of the most distinctive and expansive travel distribution companies in the world, was created in early 2004 through the merger of Tourico Holidays®, Last Minute Travel and Travel Global Systems (TGS). Travel Holdings® uses proprietary technology to supply travel inventory at competitive pricing, integrating with all segments of the online travel industry including retail, wholesale, group, travel agents, corporate and affiliates. The company is a truly global organization with headquarters in Orlando and additional, local offices across the United States, South America, Europe and Asia.

Lauren Volcheff
Travel Holdings, Inc.
(407) 667-8700 ext. 7355
Lauren@TravelHoldings.com

Sean Hixson
Weber Shandwick
(314) 552-6760
shixson@webershandwick.com

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Travel Holdings, Inc., Announces Strong Financial Results for 2009

Tourico Holidays

Travel Holdings, Inc.
Announces Strong Financial Results for 2009

Global Wholesale Travel Brokerage Company Continues to Grow, Add More Employees.

ALTAMONTE SPRINGS, Fla. (May 3, 2010) – While much of the travel industry spent the last year working to recover from a down economy, Travel Holdings, Inc., continued to experience tremendous growth. The global wholesale travel brokerage company today announced its financial results for 2009, further establishing itself as a broker capable of delivering positive revenue results for its hotelier partners.

The company’s financial results for 2009 included the following:

  • A 16 percent increase in the total number of room nights booked over 2008
  • A 2 percent increase in top line revenue
  • A 23 percent increase in employee base, adding 106 new professionals to its staff worldwide
  • 2.5 million travel customers
  • An average of 43 travel searches per second on the company’s servers
  • An investment of $5 million in its technology, as the company has done for each of the last several years

Additionally, Travel Holdings delivered an average of $8.3 million per month to the hotel companies it partners with to provide deep discounts to travelers who book via the company’s online properties, TouricoHolidays.com, LastMinuteTravel.com and EasyClickTravel.com.

“Last year, while other companies made major structural downsizings due to their shrinking top lines, we were not only able to maintain our previous year’s top lines, but actually grew them by 2 percent,” states Bob Fischer, CFO for Travel Holdings, Inc., the parent company of Tourico Holidays, LastMinuteTravel.com and EasyClickTravel.com. “We also increased our total number of room nights by 16 percent and increased our employee base by 23 percent, while maintaining a healthy EBITDA, which is unheard-of in 2009, especially in the travel sector. When it comes to discretionary expenses, our philosophy continues to run ‘lean and mean’ implementing automation wherever possible to maintain a low cost per transaction and continued development of sophisticated data mining tools, as well as yield management automation to be utilized as our crystal ball to success. In our ever-changing environment, we have found the secret formula to achieving growth complemented by profits.”

The company is looking ahead to an even more robust set of results for 2010, as it is projecting to finish the year with $500 million in top-line revenue while providing travel services to more than 3.5 million consumers − which would mark a 40 percent increase in that number from 2009..

About Travel Holdings®

Travel Holdings, Inc.® (www.travelholdings.com), one of the most distinctive and expansive travel distribution companies in the world, was created in early 2004 through the merger of Tourico Holidays®, Last Minute Travel® and Travel Global Systems (TGS). Travel Holdings® uses proprietary technology to supply travel inventory at competitive pricing, integrating with all segments of the online travel industry including retail, wholesale, group, travel agents, corporate and affiliates. The company is a truly global organization with headquarters in Orlando and additional, local offices across the United States, South America, Europe and Asia.

Media Contacts:

Bob Rybarczyk
Weber Shandwick
314-552-6731
brybarczyk@webershandwick.com

Lauren Volcheff
Travel Holdings, Inc.
407-667-8700 x7355
Lauren@touricoholidays.com

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New Marketing Director named for Travel Holdings

Tourico Holidays

New Marketing Director named for Travel Holdings
Lauren Volcheff to manage all marketing activities

Orlando, June 12, 2007 – Travel Holdings, Inc., the worldwide travel distribution company providing online travel and wholesale tourism for global markets has named Lauren Volcheff as Director of Marketing. “Lauren will oversee the marketing activities of Travel Holdings across all distribution channels,” stated Ron Neuman, Chief Marketing Officer for the company. “Lauren has keen instincts and a sound background in marketing. We know Lauren will be a great asset to the Travel Holdings team.”

Volcheff began on May 7, 2007 after relocating from Kentucky where she was the Global Brand Manager for Alltech, a biotechnology corporation. She has also worked in the marketing department of Open Door Communications, a strategic marketing communications company in Door County, Wisconsin. Volcheff holds a Bachelor’s degree in Business Administration from the University of Wisconsin-Madison and is the winner of the Wisconsin Academic Excellence Scholarship.

About Travel Holdings, Inc.

Travel Holdings, Inc is among the largest and fastest growing privately held distributors and aggregators of world class travel content serving the global travel market, with contracting and sales operations in North America, South America, the Middle East, Europe and Asia. In addition, Travel Holdings, Inc. operates its own travel technology company, Travel Global Systems (TGS), headquartered in Tel Aviv. Travel Holdings, Inc. serves the B2B, B2C, Group, Affiliate and Corporate Travel sectors providing content, web-based solutions, back office systems and marketing technology.

For additional information, contact: Soozi Eichler, YPB&R Public Relations, soozi.eichler@ypbr.com, (407) 838-1769.

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