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Last minute bookings profit boost for East Lancs travel firm
3:32pm Monday 14th July 2014 in News
AN EAST Lancashire travel firm has seen a rise in pre-tax profits thanks to a surge in last minute bookings.
Wyndham Vacation Rentals UK, based at Spring Mill in Stoney Bank Road, Earby, saw revenue drop from £75.5m in 2012, to £73.6m in 2013.
Pre-tax profits did, however, climb from £20.5m in 2012 to £20.9m last year.
Wyndham, which trades in the Pendle village as Cottages4you, also made a number of acquisition throughout the year, including Cumbrian Cottages and Dartmouth Holiday Homes.
Geoff Cowley, the firm’s managing director, said he was ‘confident’ about its future prospects.
He said: “"We are pleased with the overall performance. 2013 was a strange year with a freezing start to the booking period, followed by glorious weather for most of the summer.
“This meant that consumers delayed booking a UK holiday, so last minute bookings once again played a key role in our overall performance – particularly in the lodge and park segment.”