Skift Take
Flight Centre is seeing a potential shift in client demographics as more than half of its new account wins for corporate travel were previously unmanaged companies.
The corporate division of Flight Centre Travel Group is outperforming the company's leisure travel bookings, pointing to a comeback for a sector that has suffered significant cutbacks during the pandemic.
Flight Centre reported its corporate travel business, which includes the FCM and Corporate Traveler brands, saw $7 billion (AU$11 billion) in sales for the fiscal year ended June 30, which was 24% above pre-Covid-19 levels. The company's leisure travel division reported $6.4 billion (AU$11 billion) in sales for the same period.
Pre-Covid, the company saw about two-thirds of its sales generated through leisure travel and one-third through corporate travel sales. This has shifted to "corporate travel sales accounting for 50% and leisure about 45%," with the remaining 5% attributed to other ancillary services within the group, stated Adam Campbell, Flight Centre's chief f