Byron Bay NSW owned and operated travel company, TripADeal, has partnered with investor BGH Capital (BGH) to take advantage of a number of growth opportunities, as travellers increasingly turn to online travel as the industry gears up for a strong return post COVID and border.
TripADeal says it is confident in the future of Australian tourism, and has identified several growth opportunities that it believes will assist it to emerge from the pandemic stronger and more responsive to the changing travel needs of its customers and business partners.
While TripADeal’s revenue has been growing by over 40% per annum, when COVID hit the benefits of being an online business were obvious, allowing the company to pivot its resources.
“While the travel industry was the first industry affected, we strongly believe it will be one of the first industries back. TripADeal is now ready to hit the go button as soon as international travel resumes,” say co-founding CEOs Norm Black and Richard Johnston.
“BGH approached us late last year, well before COVID, and we knew they were the ideal fit. Working with them through COVID has only reinforced the common culture and respect we have always looked for but never found in the past.
“BGH has significant experience in tourism and their partners share our vision for growth as the travel industry takes off post COVID-19. We believe BGH will help take TripADeal to the next level.”
said TripADeal’s superior online business model allows
“[TripADeal] has a very scalable business model that is supported by a well-developed technology platform. It has grown extremely fast over the last 5-years, winning multiple industry awards,” said BGH Founding Partner Ben Gray.
“We are excited to partner with Rich and Norm on TripADeal’s next wave of growth.”