Travel Professionals International (TPI) has ended the fiscal year of 2020 with a strong and positive outlook for 2021 and 2022 bookings, the company said on Wednesday (Sept. 2nd).
“This has been an unsettling year for all of us in the travel industry. FY 2019 was the best year for TPI and we were on track to outperform our best year” said Zeina Gedeon, CEO and president of 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. Our advanced bookings for travel in 2021 and 2022 are up by 43% versus the same time last year."
Gedeon added: "We have seen an increased demand for domestic travel."
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 and 2022.
TPI maintained the Velocity level and commission split of more than 30% of its 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.
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