Motivcom profits soar by 40% as incentive travel grows

Motivcom's events arm has posted a 40% growth in gross profit in 2010 and an increase of 70% in headline operating profit for the division, as incentive travel enquiries grow.

Motivcom's profit soars by record 40%
Motivcom's profit soars by record 40%

In the year ending 31 December 2010, Motivcom group as a whole reported a 22% increase in gross profit from £21.06m to £27.7m and a 24% increase in headline operating profit from £3.62m to £4.76m.

Motivcom's report cites a growth in content development and live production capabilities, with new clients in this area.  

It reads: "We are seeing early signs of a recovery in the incentive travel sector with a significant increase in the number of enquiries. We have invested in new IT infrastructure and technology in our venue find and strategic meetings management services, and we are confident of sustained growth in 2011 driven by these services."

Motivcom executive director of events & communications Nigel Cooper said: "2010 has been an excellent year for the events and communications division with record turnover, income and profit. We have seen many clients returning to more robust and substantial sales and marketing activity and events continue to be an integral element of success in this arena."

Motivcom's event division includes P&MM, Zibrant and AYMTM.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
London calling: A look at what's new and forthcoming in the capital

London calling: A look at what's new and forthcoming in the capital

Hotels, venues and activities that should be on your radar for future London-based events.

Double acquisition for Gray Dawes Group

Double acquisition for Gray Dawes Group

Acquisitions include INC. Travel Group's corporate and marine businesses and the purchase of VIP Leisure Travel Ltd.

Love is in the air for one in seven event attendees, report claims

Love is in the air for one in seven event attendees, report claims

Research by Cvent and Edelman Intelligence finds 14% have met a significant other at a B2B event.

The advantages of being a second tier city

The advantages of being a second tier city

There are benefits to not being the capital, says Bas Schot, head of congresses and events at the Hague Convention Bureau.

What to do if a disgruntled event attendee threatens legal action

What to do if a disgruntled event attendee threatens legal action

Keystone Law's James O'Flinn discusses your options and how to prevent this happening in the first place.

Speakers announced for C&IT Northern Forum

Speakers announced for C&IT Northern Forum

New event takes place between 25-26 April at ACC Liverpool, with inspiring sessions from industry leaders.

Why personalisation is the key to measuring an event's success

Why personalisation is the key to measuring an event's success

Mike Leeson, general manager Europe at ETM, explains why ROE may be a better measurement than ROI.

Oman to welcome IGRC in 2020

Oman to welcome IGRC in 2020

Sultanate to host the International Gas Union's 16th International Gas Research Conference at the Oman Convention & Exhibition Centre.

Events company faces legal action from makers of video game Fortnite

Events company faces legal action from makers of video game Fortnite

Epic Games issues claim against Exciting Events after widely criticised event in Norwich.

Diary of a delegate: Beautiful Bergen

Diary of a delegate: Beautiful Bergen

A three-day account of the C&IT A-List FAM trip, in partnership with Visit Norway.

LATEST JOBS