In 2016, Paravion recorded a turnover of approximately EUR 78 million across the Romanian and Turkish markets. Operations in Romania grew by 20% compared to the previous year, reaching about EUR 55 million, while those in Turkey amounted to EUR 23 million.
The best-selling product in Romania was flight tickets, generating 84% of the company’s business. The top is completed by city breaks, vacations, and hotels, followed by additional service segments such as travel insurance, which were in high demand among tourists.
For this year, Paravion estimates a 30% business growth, up to EUR 70 million, as well as an advance in Bavul.com’s business, up to EUR 29 million, stated Remus Visan, General Manager of Paravion.
The number of search transactions generated by Paravion customers in 2016 reached the threshold of 175 million searches, an increase of about 40% compared to the previous year.
Regarding the average budget allocated by Romanians for flight tickets purchased in 2016, it was approximately EUR 260/person for legacy carriers, with Paravion recording a significant increase for destinations outside Europe. For low-cost flight tickets, Romanians allocated about EUR 94/person.
According to company data, approximately 35% of the total packages sold in 2016 were booked in May and June, predominantly for charter-type vacations.
October and November were the months with the most flight ticket bookings, each generating approximately 12% of the total bookings in 2016.
Source: Economica
Frequently Asked Questions
What was Paravion’s turnover in Romania in 2016?
Paravion’s turnover in Romania reached approximately EUR 55 million in 2016, representing a 20% increase compared to the previous year.
What was the most popular product sold by Paravion?
Flight tickets were the most popular product, accounting for 84% of the company’s business in Romania.
What was the average price paid for flight tickets?
In 2016, Romanians spent an average of EUR 260 per person for legacy carriers and EUR 94 per person for low-cost flights.