Flight Centre

Flight Centre Travel Group
Public (ASX: FLT)
Industry Travel
Founded 1982 (1982)
Headquarters Brisbane, Queensland, Australia
Area served
 Australia, New Zealand, the United Kingdom, Canada, the United States, the United Arab Emirates, South Africa, Hong Kong, Singapore, India and China
Key people
 Graham 'Skroo' Turner (Managing Director) [1]
Revenue Increase A$2.36 billion (2015)
Increase A$257.0 million (2015)
Number of employees
 approx 18,500 (2015)[2]
Subsidiaries Olympus Tours
Website flightcentre.com

Flight Centre Travel Group[3] (FCTG) is the largest retail travel outlet in Australia. The company was founded in 1982, and is headquartered in Brisbane, Australia. The company is listed on the Australian Stock Exchange, has an annual turnover of more than $20 billion and employs more than 20,000 people worldwide.

FCTG has approximately 2,800 shops and businesses under various retail and corporate brands. It has fully owned operations in Australia, New Zealand, United States, Canada, United Kingdom, South Africa, Hong Kong, India, China, Singapore, United Arab Emirates and Mexico. FCTG has licensee arrangements in a further 80 countries under the corporate brand, FCM Travel Solutions.[4]

Brands

United States

In the United States, Liberty Travel and GOGO Vacations are the retail and wholesale brands respectively. Specialty corporate brands include StudentUniverse, Worldwide Traveler, Travel Associates, Corporate Traveler, ciEvents, Campus Travel and Stage & Screen. The North American headquarters is located in Montvale, New Jersey. Other US office locations include New York, Los Angeles, Boston, Philadelphia, Washington DC, Chicago, Atlanta, Miami, Denver, Dallas, Austin, Houston, Phoenix, Seattle, San Francisco, Santa Clara and San Diego.

Flight Centre store in Christchurch, New Zealand.

History

  • 1981,[5] Co-founded by Graham Turner and Geoff Harris.
  • 1982, the first Flight Centre Australia store opened in Sydney with assistance from Bill James, who now runs Flight Centre Foundation.[6][7]
  • 1995, Flight Centre UK opened.[8]
  • 1995, Flight Centre Canada opened.[9]
  • 1999, United States operations recommenced with the company purchasing Liberty Travel in 2008.[10]
  • 2015, FCTG purchased the US-based StudentUniverse.com[11] and Brisbane-based BYOjet.com in December.[12]
  • 2017, FCTG invested $7 million to take a 24.1 percent stake in Bibam, an Argentinian travel technology company.[13]

References

  1. ↑ "Board Profiles". Flight Centre Limited. Retrieved 17 August 2015.
  2. ↑ "Annual Report 2011" (pdf). Flight Centre Limited. Retrieved 17 June 2012.
  3. ↑ "Flight Centre Travel Group Limited". Flight Centre Travel Group Limited. Retrieved 2017-01-10.
  4. ↑ http://www.fctgl.com/sites/fctgl.com/files/150918%20FY15%20FLT%20Annual%20Report.pdf
  5. ↑ Pip Coates, 'To Have And To Hold: Geoff Harris. Worth: $975 million. Rank: 40', The Australian Financial Review Magazine, July 2014, p. 22
  6. ↑ "Archived copy". Archived from the original on 28 May 2014. Retrieved 1 June 2014.
  7. ↑ "Flight Centre". Flight Centre Limited. Retrieved 17 August 2015.
  8. ↑ André Sammartino (2007), 'Retail’, in Dick, H. & Merrett, D. (eds.), The Internationalisation Strategies of Small-Country Firms: The Australian Experience of Globalisation, Edward Elgar: Cheltenham, UK, pp.175–194.
  9. ↑ "Canada". Flight Centre Travel Group Limited. Retrieved 2017-05-04.
  10. ↑ "Liberty Travel". Flight Centre Limited. Retrieved 17 August 2015.
  11. ↑ "StudentUniverse Acquired By Flight Centre Travel Group | Business Wire". www.businesswire.com. Retrieved 2017-01-10.
  12. ↑ "Media Releases". Retrieved 2016-08-01.
  13. ↑ "Flight Centre Invests $7 Million for Stake in Leading Argentinian Booking Site".
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