Travelzest revenues fall 14 per cent

Travelzest yesterday reported a 32 per cent slump in underlying operating profit to £4.2m in 2011, on revenues 14 per cent lower at £37.7m. However, the company, which sells holidays under a variety of brands, saw a record level of total transaction value, up 13 per cent to £246.6m, largely driven by agency growth in Canada.