Travel Professionals International (TPI) ended the fiscal year 2020 with a strong and positive outlook for 2021 and 2022 bookings.
“This has been an unsettling year for all of us in the travel industry. FY2019 was the best year for TPI and we were on track to outperform our best year,” said Zeina Gedeon, CEO & President, TPI. “Even during such a tough year, we have seen 15% of our Advisors grow their sales and achieve a higher recognition standing within the network. Our year over year sales are up are by 17%, this indicates that clients are ready to travel and are just waiting for the restrictions to be lifted.”
Meanwhile, Gedeon says advanced bookings for travel in 2021 and 2022 are up by 43% vs. same time last year.
“We have seen an increased demand for domestic travel,” added Gedeon.
Earlier in May, TPI announced that it had extended its Velocity recognition program benefits and the commissions levels of their advisors for the fiscal year 2021 & 2022. The company maintained the Velocity level and commission split of over 30% of advisors, who otherwise would have been negatively impacted. However, advisors who have achieved new Velocity levels will be able to earn a higher commission split based on their new recognition level.