Virtuoso Reveals The Five Secrets of Success For Its Top Travel Agencies

Published on : Friday, May 19, 2017

VirtuosoResearch by international luxury travel network Virtuoso® has uncovered the five factors shared by its top-producing agencies that can serve as a model for others to improve profitability.

 

Virtuoso identified the 25 agencies with the highest production per advisor, a metric that established a baseline that can be applied to all agency members regardless of size, then examined the characteristics they have in common with each other. The network unveiled the analysis at its annual Symposium held this year in Vancouver, British Columbia, with 530 of luxury travel’s most prominent figures in attendance.

 

The common qualities of Virtuoso’s top 25 agencies:

After Virtuoso delved deeper by interviewing executives at the top 25 agencies, an important pattern of behaviour emerged. Although a collection of great advisors is key, agency excellence extends beyond that. What transports an agency from good to great is creating a specific strategy and ensuring that it is reflected in all its actions.

 

The five secrets of success for Virtuoso’s top 25 agencies:

 

This year’s study offers a fresh direction on a related theme to last year’s research revealed at Symposium, which examined the seven habits of highly successful advisors. Virtuoso encourages all its member agencies to review the high bar set by these top performers and adopt their strategic secrets of success to attract more clients and increase profitability. Since travel agencies are a critical driver of industry sales, the health of agencies serves as a barometer for the entire travel ecosystem.

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