Cheapflights.co.uk has achieved a place in the prestigious Sunday Times Microsoft Tech Track 100 league table for 2006. Featured in Tech Track 100 for the third year running, Cheapflights achieved its highest placing to date at No.64. The 2006 Tech Track 100 ranks Britain’s fastest-growing private tech companies based on their 2003-2005 sales growth. Tech Track 100 is compiled by Fast Track and published in The Sunday Times each September, with an awards event in November and regional dinners throughout the year.
Established ten years ago, Cheapflights has maintained a consistently high rate of growth to become the UK’s leading vertical price search and comparison site for flights. With up to date deals supplied daily from literally hundreds of airlines and travel operators, Cheapflights sorts over 10 to 12 million prices a day and publishes about 1.5 million of these on its www.cheapflights.co.uk site.
Profitable since 1996, Cheapflights has achieved its continued growth without recourse to external financing by investing from its cash flow. By providing its advertising partners with a neutral, high traffic online marketing platform and its constantly growing band of users with a huge choice of competitive flights prices, last year Cheapflights achieved 1% of all UK internet advertising and just over 10% of all online travel advertising according to IAB figures. This translated into an estimated massive £1 billion worth of travel sales last year for its advertising partners derived from high quality leads from Cheapflights.
Commenting, Cheapflights’ CEO David Soskin said: “Cheapflights strives to innovate and provide a useful travel resource to the UK’s increasingly sophisticated users of on line information. Therefore we very much value our continuing place in this annual accolade of all that is best in the UK’s technology sector. We are a company committed to providing both our advertising partners and our users with the best possible travel information and flights search and price comparison service”.