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Flight Centre

Flight Centre Travel Group
Public (ASXFLT)
IndustryTravel
Founded1982; 37 years ago (1982)
HeadquartersBrisbane, 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]
RevenueIncrease A$2.9 billion (2018)[2]
Increase A$264.2 million (2018)[2]
Number of employees
20,257 (2018)[2]
SubsidiariesOlympus Tours
Websiteflightcentre.com

Flight Centre Travel Group (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.

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.[3]

Brands

United States

In the United States, Liberty Travel and Travel Associates are the retail brands. GOGO Worldwide Vacations being the wholesale brand. The corporate brands include StudentUniverse, FCM Travel Solutions, 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, Irvine and San Diego.

Flight Centre store in Christchurch, New Zealand.

History

  • 1981,[4] 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.[5][6]
  • 1995, Flight Centre UK opened.[7]
  • 1995, Flight Centre Canada opened.[8]
  • 1999, United States operations recommenced with the company purchasing Liberty Travel in 2008.[9]
  • 2015, FCTG purchased the US-based StudentUniverse.com[10] and Brisbane-based BYOjet in December.[11]
  • 2016, FCTG began online travel brand Aunt Betty.[12]
  • 2017, FCTG invested $7 million to take a 24.1 percent stake in Bibam, an Argentinian travel technology company.[13]
  • 2019, FCTG wraps up acquisition of Casto Travel Inc, a silicon valley travel management company.[14]

Awards

In 2010, founder Graham Turner was inducted into the Queensland Business Leaders Hall of Fame.[15]

References

  1. ^ "Board Profiles". Flight Centre Limited. Retrieved 17 August 2015.
  2. ^ a b c "Annual Report 2018". Flight Centre Limited. Retrieved 6 November 2018.
  3. ^ [www.fctgl.com]
  4. ^ Pip Coates, 'To Have And To Hold: Geoff Harris. Worth: $975 million. Rank: 40', The Australian Financial Review Magazine, July 2014, p. 22
  5. ^ "Archived copy". Archived from the original on 28 May 2014. Retrieved 1 June 2014.CS1 maint: archived copy as title (link)
  6. ^ "Flight Centre". Flight Centre Limited. Retrieved 17 August 2015.
  7. ^ 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.
  8. ^ "Canada". Flight Centre Travel Group Limited. Retrieved 4 May 2017.
  9. ^ "Liberty Travel". Flight Centre Limited. Retrieved 17 August 2015.
  10. ^ "StudentUniverse Acquired By Flight Centre Travel Group | Business Wire". www.businesswire.com. Retrieved 10 January 2017.
  11. ^ "Media Releases". Retrieved 1 August 2016.
  12. ^ "Flight Centre would like to introduce you to Aunt Betty | SMH". www.smh.com.au. Retrieved 5 August 2019.
  13. ^ "Flight Centre Invests $7 Million for Stake in Leading Argentinian Booking Site".
  14. ^ "Flight Centre Travel Group Officially Wraps Casto Travel Acquisitione".
  15. ^ "Hall of Fame". Queensland Business Leaders Hall of Fame. State Library of Queensland. Archived from the original on 23 October 2018. Retrieved 23 October 2018.

External links