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 Executives
FOUNDER: Alex Weinstein
EVP, INDUSTRY RELATIONS: Peter Vazan
MANAGING DIRECTOR, INDUSTRY RELATIONS: Gerard McEvoy
EVP, OPERATIONS: Gennady Pugachov
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 Oojo.com 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.
Correction: An earlier version of this entry contained an incorrect spelling for Gennady Pugachov.