Intrepid Travel, the world's largest adventure travel company and B-Corp certified company, releases its 2023 Integrated Annual Report, signaling the end of the post-pandemic recovery and how it will change the world. He pointed out whether the project had a positive impact.
Intrepid Travel reported net income of US$14.2 million in 2023 and donated a record $3 million to philanthropic and community causes.
annual financial report
Intrepid Travel saw a 68% increase in bookings and a 113% increase in revenue. In 2022, the company reported a loss of $11.3 million, while in 2023 it reported changes in EBITDA of $22.5 million and $33 million. This is a strong sign that the post-pandemic recovery period is finally over.
It also achieved its highest ever People Engagement score, rising from 56 in 2022 to 58 in 2023, and added 1,129 new roles across the business. It met 23 of the 25 key benchmarks in the Ethical Marketing Guidelines and achieved 41% year-over-year growth in online revenue.
Sustainability and community impact
The tour operator was an early adopter of the United Nations Global Compact's Faster Progress initiative, which is based on the climate action and living wage pillars. It paid its first dividend since 2019.
We also raised $1.8 million for 50 community partners through the Intrepid Foundation and supported a record number of staff volunteer hours.
From a sustainability perspective, Intrepid has increased its carbon emissions and CO2 intensity per passenger compared to 2022. This is primarily due to changes in travel emissions modeling. The tour operator has created a science-based decarbonization roadmap to achieve his 2035 goals.
Towards 2024
As travel companies look to the year ahead, the key word is growth. Intrepid recently expanded its young adult tour offerings, launched new itineraries and changed its age range for travelers ages 18-35.
Additionally, earlier this year, the company announced it would donate up to $650,000 to support communities around the world through Intrepid Foundation fundraising events. In 2023, this fundraiser helped him raise $1.7 million in charitable donations, which went to disaster relief efforts in Morocco and support for human trafficking victims in Vietnam, among others.
Late last year, the company became the first non-hotel travel company to join World Travel and Tourism's Hotel Sustainability Basics program.
“Last year was a year of incredible growth, and our team demonstrated innovation and determination. This has set the foundation for Intrepid to begin moving toward our ambitious future goals.” said CEO James Thornton.
“We are now looking to the future with our 2030 strategy, with a strategic vision that says, “The world needs more Intrepid talent.'' By 2030, we will achieve over $1 billion in revenue and revenue, with 1% of our revenue contributing to our purpose. , is a way we believe we can create positive change in our communities. Visit.”
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