Serving the travel needs of a mobile world is no small task. Add in all the little subtleties of traveling from one culture to another, and a recipe for disaster is in the mix. Having a system in place that accounts for all the little things is the key. If a company can account for all the little things, profit should flow easily and steadily.
Universal Travel Group Inc., a full service travel operator working primarily with package tours to the Peoples Republic of China, is a Los Angeles base concern with many beneficial and required ties to China. Operating in China holds certain challenges for any business operation. Operating a travel business operation in China requires an even deeper understanding of how the Chinese system operates across many different regions and cultures. Universal Travel Group has this deep appreciation and puts it to good use where foreign travelers are concerned.
The company’s main objective is to become the leading travel services company in China. To move toward this goal, the company completed several acquisitions in 2007. Although the company appears to have come together fairly quickly through acquisition, it has kept pace with revenue growth and net income able to withstand corporate challenges, unusual winter weather and the coming onslaught of the summer Olympics.
Revenues for 2007 were up significantly owing to the multiple acquisitions made by the company. Understanding growth for the year ending December 31, 2007 is a complicated affair, but the company does indicate that revenues came in at $44 million or a 343% increase over the preceding year. Guidance for 2008 appears to indicate a strong year for the company having weathered large snowfalls that shut down much of the company’s routes and preparation plans for the summer Olympics.
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