Inntel revenues rise 6% as client spending increases

Essex-based meetings, accommodation and travel management agency Inntel has reported an increase in overall client spend for the first six months of 2016, as well as a jump in its own revenues.

Client spend between 1 January and 30 June 2016, the agency said, was up 11% on the same period last year, while the company revenues were up by 6%.

Inntel attributes a majority of the increase to a 20% leap in spend on conference related business travel and a 12% increase in spending on accommodation.

Jane Dibble, director of business development at Inntel, said:  “Our first quarter results suggested that the rapid growth trajectory we had been on for a year would continue, and these six month figures show that we were right to be positive. I am equally sure that this period of growth is far from over, particularly as we have secured new client contracts of  £7m in recent months.”

 The company claims a “robust” customer base, with a retention rate of 95% of its existing clients in an industry that, it said, should consider 70% retention a significant achievement.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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