Latest news with #DyninnoGroup
Skift
23-07-2025
- Business
- Skift
Indian Travelers Upgrade to Premium Despite Fewer Trips
Travel disruptions due to unforeseen events may have led to fewer bookings among Indians, but they are making up for it by spending more for the premium experience of travel. The demand for premium travel to and from India is increasing, according to data shared by travel brand Trevolution Group. The company noted that despite lower volumes on outbound booking from India in the first half of 2025, its gross total bookings reached $68.36 million, up 6% from last year. This increase, it said, was driven primarily by higher spending and a greater share of premium-class purchases. 'The demand for business class bookings increased by 27.12%, while economy class demand saw a modest 0.78% rise, reinforcing the trend toward value-added, premium travel options,' the company said in a statement. For outbound travel from India, business class travel surged by 17.6%, 'pointing to a higher concentration of corporate and high-net-worth travelers.' 'We are now seeing more deliberate, higher-value travel to and from India, especially in business class,' said Alex Weinstein, the founder of Dyninno Group of Companies. 'The demand for trip protection and comfort is growing, as well as the demand for secondary hubs. This shows the evolving mindset of the Indian traveler.' The Inbound Travel Story: The overall surge in gross total bookings, however, was driven by inbound travel – which increased from $50.29 million to $56.10 million. According to Trevolution, this showed 'rising consumer spending and sustained interest in long-haul and purpose-driven travel to India.' It's worth noting here that expat Indians visiting friends and relatives form 20% of the numbers for inbound. The group issued over 39,000 airline tickets to India in the first half of 2025. This was a 4.21% increase over th
Travel Weekly
23-06-2025
- Business
- Travel Weekly
Trevolution Group
2024 sales: $1.24 billion Previous ranking: 20 Employees: 3,500 full-time, 1,000 part-time 1000 N. West St., Suite 1200 Wilmington, DE 19801 Phone: +371 120 655 702 Website $1.24 billion203,500 full-time, 1,000 part-time1000 N. West St., Suite 1200Wilmington, DE 19801Phone: +371 120 655 702 Executives FOUNDER: Alex Weinstein EVP, INDUSTRY RELATIONS: Peter Vazan MANAGING DIRECTOR, INDUSTRY RELATIONS: Gerard McEvoy EVP, OPERATIONS: Gennady Pugacho COMPANY FACTS * Privately held. * Alex Weinstein is the owner. * Trevolution Group is the travel division of Dyninno Group of Companies. * Operates brands such as ASAP Tickets, Skylux Travel, Triplicity, Vagamo, Dreamport and Oojo. * Sales: 34% business, 26% other online sales (the company does not collect purpose-of-travel data for online bookings completed without agent interaction), 20% VFR (visiting friends and relatives), 19% tours/leisure, 1% other. DEVELOPMENTS * Introduced Dreampass, an all-in-one app, and launched Dreampass Plus, a subscription membership feature within the app. * Launched Vagamo, a platform that combines flexible online booking with live agent support. * Introduced cryptocurrency payment option for flight bookings at Skylux Travel. * Expanded the business segment and entered new markets with the Triplicity brand. * Launched online travel agency in Germany. LOOKING AHEAD * Enhancing Dreampass and Dreampass Plus from just informational tools to comprehensive service platforms to include financial services such as money transfers and travel-related marketplaces. * Improving and expanding platforms such as Oojo and Vagamo (a hybrid travel platform), combining flexible online bookings with expert live support. * Integrating ancillary services to meet evolving client needs, which saw significant growth (247% increase in demand from 2023 to 2024). Because of an evolving shift in post-pandemic travel habits, clients are looking for more security and flexibility and are becoming more open to add-on purchases such as medical expense trip protection, priority disruption assistance, lost baggage protection and price drop protection. * Refining and developing AI technologies, including its in-house tool AI Olivia, resolving current challenges in unifying and structuring knowledge bases across business departments. Potential expansions include using AI for customer service enhancements, such as personalized trip recommendations and proactive client support. * Expecting accelerated market growth through platforms such as Oojo. * Cautiously optimistic about 2025 and anticipating a sustained increase in last-minute and flexible bookings. * Expecting strong growth in emerging markets, influenced by consistent increases in demand for destinations such as Saudi Arabia, Egypt, Thailand and Pakistan. * As the company slowly moves away from being predominantly focused on visiting-friends-and-relatives business, it expects to boost its share of leisure and business segments along with increased adoption and revenue from Dreampass Plus. * Its subscription model continues to gain traction among frequent travelers seeking additional convenience and exclusive benefits.
Associated Press
08-03-2025
- Business
- Associated Press
Trevolution Group Reports Strong Financial Performance for 2024, Surpassing $1.2 Billion in Gross Bookings
Trevolution, a division of travel companies under the Dyninno Group, has announced its commercial results for 2024, marking another year of steady growth. WILMINGTON, DE, UNITED STATES, March 8, 2025 / / -- Trevolution, a division of travel companies under the Dyninno Group, has announced its commercial results for 2024, marking another year of steady growth. The company's reported gross bookings reached $1,238.64 billion, resulting in a 5% increase compared to the previous year. The group sold nearly one million airline tickets, with a total of 980,092. Alongside strengthening its market presence, in 2024 Trevolution Group launched several new initiatives and innovations, which include the introduction of Dreampass, a new travel app available on both the App Store and Google Play, and the launch of Dreampass Plus, a subscription membership feature within the app. The group also launched Vagamo, a new travel platform that combines flexible online booking with expert support, and introduced cryptocurrency payment options for flight bookings at Skylux Travel. Trevolution Group has been a global leader in the travel industry for more than two decades, leveraging its expertise in the Visiting Friends and Relatives (VFR) segment, which continues to see strong growth to this day. In 2024, the company placed a strategic focus on its Online Travel Agency, Oojo, successfully launching it in Germany and achieving an impressive Net Promoter Score (NPS) of 60—well above the industry average of 35. Key 2024 Highlights: • Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, reached $1,238.64 billion, reflecting a 5% increase compared to the previous year; • The total number of unique tickets issued totaled 980,092, marking a 16% increase compared to 2023; • With a 34% growth, one-way tickets represented 29% of the total tickets sold; • The number of auxiliary products and services increased by 21% in the number of purchases compared to 2023; • Dreampass, an all-in-one travel app, was launched, along with Dreampass Plus - a subscription loyalty program within the Dreampass app; • Vagamo, a new travel platform offering flexible online booking with expert support, was introduced to the market. The most popular travel destinations of the year for the Group's travelers were the United States, the Philippines, India, Italy and Canada, with Canada being the only newcomer to the top 5 rankings. Demand for travel to Canada surged by 189%, while trips to Italy increased by 90%, with demand for Italy showing a consistent upward trend, maintaining the same growth rate as the previous year. Other destinations also experienced significant growth, with Argentina leading the way at a 146% increase, followed by Saudi Arabia (117%), Egypt (85%), Thailand (77%), and Pakistan (58%). A similar trend was observed among top departure countries, with the United States, the Philippines, India, Canada, Italy, Nigeria and Turkey ranking among the most common starting points for global travelers. In 2024, the Economy class remained the top choice among travelers, with total sales reaching 869,183 tickets, resulting in $828,52 million (66% of the overall gross booking). Business class also saw an increase, reaching 88,961 tickets and $357,67 million (34% of the overall gross booking), respectively. Round-trip travel continued to dominate charts, accounting for 626,648 tickets—more than twice the number of one-way tickets, which totaled 285,328. While round-trip sales grew by 10%, one-way sales surged by 34%, highlighting a growing trend toward flexibility and last-minute travel decisions among most of the Group's passengers. The average fare for Economy class air travel decreased by 13%, while Business-class air travel stayed at nearly the same level, declining by 1%. In addition, the average ticket price declined by 16% for one-way tickets and by 8% for round-trip tickets. In 2024, the top preferred airlines among Trevolution Group's customers were Turkish Airlines, United Airlines, Lufthansa, American Airlines, British Airways, and Philippine Airlines. Notably, Qatar Airways saw a remarkable surge in demand, with ticket sales soaring by 48%. According to the latest sales data, there has been a shift towards longer advance purchase periods. The highest demand occurred for bookings made more than three months in advance, with over 30% of travelers opting for this window. At the same time, 17% of customers booked their flights within 10 days of departure. This trend highlights a growing divide in travel behavior, with passengers increasingly booking well in advance or opting for last-minute travel due to urgent needs. Meanwhile, the average length of stay for customers shortened by two days in Economy class, and by one day in Business class, compared to the previous year, resulting in an average stay of 27 days for Economy and 23 days for Business; a shorter stay indicates increased travel efficiency and potential work and travel integration. When it comes to purchasing auxiliary products and additional in-flight services, Trevolution Group experienced a 247% surge in demand for its lost baggage protection, making it one of the fastest-growing auxiliary products offered. 'In 2024, we embarked on a year of structural transformations, advancing the travel experience, building a comprehensive ecosystem, and securing greater benefits through industry partnerships. We launched Dreampass, a super-app, and Dreampass Plus, a premium subscription with perks like international data roaming and exclusive travel benefits. The all-in-one app resonated strongly with travelers, resulting in over 13,000 membership sales and generating $1.6 mln in revenue from the Dreampass Plus membership product within less than six months. We also initiated market expansion with our OTA, Oojo, which quickly gained traction and proved to be a major success story. Furthermore, we developed Vagamo, a next-generation hybrid travel platform that empowers travelers to book flights their way—whether by searching online for the best deals, receiving live support from expert travel agents, or accessing exclusive offline prices. These developments mark a significant step forward for Trevolution,' said Alex Weinstein, founder of the Dyninno Group of companies. Daiga Zimele
Daily News Egypt
07-03-2025
- Business
- Daily News Egypt
Trevolution Group Sees Surge in Egypt Travel, Exceeding $1.2 Billion in 2024 Bookings
Egypt's tourism industry is experiencing a boom like never before, with demand for travel to the country soaring in 2024. Trevolution Group, the travel division of Dyninno Group, has reported a remarkable surge in bookings, surpassing $1.2 billion in gross travel sales this year. The group's latest commercial results reveal a 5% increase compared to 2023, underscoring Egypt's growing appeal as a global travel destination. According to Trevolution Group, the demand for flights to Egypt jumped by 30% year-over-year, fueled by key developments in the country's tourism sector. The total number of unique tickets issued rose to 980,092, marking a 16% increase, while flights operated by Egyptair saw a 10% rise in bookings. Cairo and Alexandria remained the top destinations for inbound travelers. Egypt's Strategic Push to Boost Tourism Egypt's tourism renaissance in 2024 has been driven by several strategic initiatives, including infrastructure improvements and marketing campaigns aimed at attracting international visitors. The opening of the highly anticipated Grand Egyptian Museum in Cairo has played a pivotal role in drawing global attention, while the government's Living 365 campaign—targeted at Gulf and Arab markets—has further fueled demand. With over 15 million tourists visiting Egypt in 2024, the country has solidified its position as one of the fastest-growing travel hotspots. This growth has also been reflected in Trevolution Group's rankings, where Egypt emerged as a leading destination alongside the United States, the Philippines, India, Canada, and Italy. 'We are witnessing an unprecedented rise in demand for travel to Egypt. The country's strategic investments in tourism infrastructure, coupled with our strong airline partnerships, have made Egypt a more attractive destination than ever before,' said Alex Weinstein, Founder of Dyninno Group. 'We are proud to play a role in facilitating travel to Egypt and look forward to further growth in the region.' Changing Travel Trends and New Consumer Behavior A shift in travel patterns has been evident this year, with more travelers opting for flexible and last-minute trips. The number of one-way tickets booked to Egypt surged by 62%, while round-trip demand grew by 22%. There was also a significant 52% increase in last-minute travel (booked within 0-10 days of departure), reflecting a growing trend of spontaneous travel to Egypt. Despite a growing appetite for premium travel, 92% of passengers traveling to Egypt still preferred Economy class, while 8% opted for Business class flights. The top outbound destinations for travelers departing from Egypt included the United States, Saudi Arabia, and the United Kingdom. Innovation in the Travel Industry Trevolution Group has also been making strides in the travel sector by launching innovative platforms to enhance the booking experience. In 2024, the company introduced Vagamo, an online platform designed for flexible booking with expert support, as well as Dreampass, a travel app featuring Dreampass Plus, a subscription-based loyalty program. Since its launch, Dreampass has attracted over 13,000 members and generated $1.6 million in revenue within six months, reinforcing Trevolution Group's commitment to elevating customer experience. As Egypt continues to strengthen its position as a top global travel destination, the surge in demand witnessed by Trevolution Group signals a bright future for the country's tourism sector. With sustained investment in infrastructure and innovative partnerships, Egypt is well on its way to welcoming even more travelers in the years ahead.
