Stuba is celebrating their first birthday by announcing the merger has proved extremely successful with their targets and year one milestones SMASHED!
The accommodation wholesaler exclusively for the travel trade was formed last year following the merger of getabed and roomsXML.
CEO, Ruchir Bang said their first year saw Stuba cemented as a recognised brand in the trade wholesaler space, but more importantly, ensuring a unified team and migrating all clients over to a common platform.
In the last twelve months, Stuba has increased business with existing clients as well as increasing new client bookings by 45%.
Stuba sales have increased in all markets; Australia and New Zealand have seen 58% growth year on year in Q1.
The UK & Ireland has seen 52% growth year on year and 29% in the Middle East, all of which like Australia have been established markets for Stuba.
Mark Luckey, Stuba Pacific MD and global CIO said the growth was a reflection of “living up to our promise of driving volume, lowering prices and optimising operations”.
In Australia and New Zealand, long-haul bookings have seen the biggest increases in sales year on year.
Cyprus is +429% compared with Q1 of 2018, Chile is +338% and Turkey is +330% up. Europe sales are also faring well with Sweden +184%, Malta +175% and Denmark +127% and the Netherlands +102%.
Stuba has bucked the trend of stagnating after a merger with fantastic sales growth year on year.
They’re expecting “healthy double-digit growth this year” and will soon be announcing some “radical changes and investments to the technology division to improve and innovate to help their customers sell more effectively”. Stay posted.
- READ: WHEN TWO BECOME ONE: Stuba migration success is driving growth
- READ: GROWTH: Stuba adds a collection of new Mediterranean suppliers