(Travel Division) has reported agency revenues in July 2003 surpassed £53m, a rise of over £11m against June.
Further proof that the trading environment for agents is improving came with the finding that payments processed through NTL Business (Travel Division)‘s systems that were in operation both in July 2003 and July 20021 showed a year-on-year increase of over £3.5m.
The upsurge follows a rise of almost £8m in transactions during June 2003, against the same month in the previous year, following a decrease in industry business of almost £10m in May 2003, compared with May 2002.
, NTL Business (Travel Division) Marketing Director said: “During the summer we saw agents make more revenue from selling than over the same period in 2002. The figures from June and July give us every indication that the industry is cautiously setting out on the road to recovery.”
NTL Business (Travel Division)‘s payment systems enable agents to view balances and settle accounts with operators electronically with a single payment.
The company is market leader in payment solutions for the travel industry, having created ABTA’s Single Payment Scheme (SPS); Travel Agents Independent Payment System (TIPS) for the Travel Trust Association and Central Advantage Payment System (CAPS) for the Advantage Travel Centres. NTL Business (Travel Division) also manages ACAS for the Worldchoice consortium.
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